Auto
26212 FM 1093, Richmond, TX 77406
For Sale
$6,211,000
The property is located at 26212 FM 1093 in Richmond, Texas.
Property Size13,262 SF
Price / SF$468.33
Days on Market48
Property Features for 26212 FM 1093
General Information
Standard status
Size
Property subtype
Lease Type
Amenities
LONG-TERM ABSOLUTE NNN LEASE WITH FIXED RENT INCREASES
AFFLUENT TRADE AREA WITH STRONG DEMOGRAPHICS
CORPORATE GUARANTY
Building Details
Building Size
Listing Agency:
Denver Office
Listed By:
Drew Isaac
(303) 328-2048
Source:
Marcusmillichap
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 8 at 2:06AM
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
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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 / Yr
$179,637
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
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
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 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
Mixed Use
$4.29M
$3.76M – $5.01M
NOI $300,643 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Similar Off Market Nearby
- Full Service Auto Care — 26624 Farm to Market Rd 1093, Richmond, TX 77406
- Express Oil Change & Tire Engineers — 26624 Farm to Market Rd 1093, Richmond, TX 77406
- 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
