Auto
New
For Sale
$6,211,000
26212 FM 1093, Richmond, TX 77406
The property is located at 26212 FM 1093 in Richmond, Texas.
Property Size13,262 SF
Price / SF$468.33
Days on Market3
Property Features for 26212 FM 1093
General Information
Standard status
Active
Size
13,262 SF
Property subtype
Auto Parts
Lease Type
Absolute Net
Amenities
LONG-TERM ABSOLUTE NNN LEASE WITH FIXED RENT INCREASES
AFFLUENT TRADE AREA WITH STRONG DEMOGRAPHICS
CORPORATE GUARANTY
Building Details
Building Size
13,262 SF
Listing Agency:
Denver Office
Listed By:
Drew Isaac · License #License(s): CO: FA100023779
(303) 328-2048
Source:
Marcusmillichap
Added: Sep 24
Last Checked: Sep 24 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Denver Office
Investment Insights
Based on property information with market context.
This auto shop is located at 26212 FM 1093 in Richmond, Texas. The property is offered for sale.
Key Highlights
- 26212 FM 1093, Richmond, TX 77406
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$179,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,592,740
$3.6M
Cap Rate 7%
$2,566,243
$2.6M
Cap Rate 9%
$1,995,967
$2.0M
Market Conditions
NOI Build-Up for 13,262 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$272.1K $20.52/SF
− Vacancy
−$15.5K −$1.17/SF
EGI
$256.6K $19.35/SF
− OpEx
−$77.0K −$5.81/SF
NOI
$179.6K $13.55/SF
Area
Fort Bend County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,592,740
Cap Rate 7%
$2,566,243
Cap Rate 9%
$1,995,967
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $2.99M
NOI $179,637 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$964.3K
$843.8K – $1.13M
NOI $67,501 @ 7.0% cap · market cap 1.09%
Theoretical Best
Multifamily LT 5
$165.21M
$144.56M – $192.75M
NOI $11,564,847 @ 7.0% cap · market cap 186.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
76k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 9%
Electronics 5%
Whataburger
Dining
23,967 visits/mo
0.5 miles
Taco Bell
Dining
12,059 visits/mo
0.2 miles
Panda Express
Dining
8,430 visits/mo
0.4 miles
Freddy's Frozen Custard & Steakburgers
Dining
8,264 visits/mo
0.3 miles
Spring Creek Barbeque
Dining
6,994 visits/mo
0.3 miles
Demographics for 77406, TX
58,703
Population
22,096
Households
2.7
Avg Household Size
37
Median Age
49%
College-Educated
95%
High-School Grad
57.6 sq mi
ZIP Area
1,019
Density / Sq Mi
$143,023
Median Household Income
$65,609
Median Earnings
$1,986
Median Rent
$383,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Caliber Collision — 26202 Farm to Market Rd 1093, Richmond, TX 77406
- Caliber Auto Glass — 26202 Farm to Market 1093, Richmond, TX 77406
- Caliber Auto Care — 26212 Farm to Market Rd 1093, Richmond, TX 77406
Frequently Asked Questions
What type of property is this?
Auto shop - The property is located at 26212 FM 1093 in Richmond, Texas.
Where is this auto shop located?
The property is located at 26212 FM 1093 Richmond, TX.
What is the asking price?
The asking price for this property is $6,211,000.
What are key features of this property?
This property features: 26212 FM 1093, Richmond, TX 77406
