Multi-Tenant Retail Center with
For Sale
Contact for pricing
Pending
26440 FM 1093, Richmond, TX 77406
Multi-tenant NNN retail center built in 2013 with flexible suites and an end cap featuring covered patio areas.
Property Size22,497 SF
Lot Size1.94 Acres
Days on Market220
Property Features for 26440 FM 1093
General Information
Standard status
Pending
Size
22,497 SF
Lot size
1.94 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$586,333
Additional Details
Cap Rate
7.3%
Building Details
Year Built
2013
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Mar 17
Changed: Oct 9
Last Checked: Oct 20 at 6:29PM
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 Marcus & Millichap - Dallas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Shoppes at Westpark is a 22,497-square-foot, multi-tenant retail center on a 1.94-acre parcel, built in 2013. The property is fully occupied by eight service and restaurant tenants operating on triple-net (NNN) leases. Suites offer flexible configurations, with available spaces stated to range from 1,000 to 6,080 square feet. Texas Borders is an end cap suite and includes playground and covered patio areas for outdoor dining. The building features a metal roof. The landlord reports recent improvements including exterior painting, monument signage painting, and landscaping/hardscaping upgrades.
The center is positioned along the FM 1093 / Westpark Tollway corridor in Fort Bend County. The immediate area includes several national retailers listed in the remarks, and the corridor is described as supporting ongoing and planned retail development, including The Oaks of District West with construction anticipated to begin in 2026 and delivery targeted for 2027.
This offering presents a fully leased, multi-tenant NNN retail investment with a mix of service and restaurant tenants and unit sizes suited to a range of retail configurations.
The center is positioned along the FM 1093 / Westpark Tollway corridor in Fort Bend County. The immediate area includes several national retailers listed in the remarks, and the corridor is described as supporting ongoing and planned retail development, including The Oaks of District West with construction anticipated to begin in 2026 and delivery targeted for 2027.
This offering presents a fully leased, multi-tenant NNN retail investment with a mix of service and restaurant tenants and unit sizes suited to a range of retail configurations.
Key Highlights
- 22,497 SF multi‑tenant retail center built in 2013 on a 1.94‑acre parcel in Richmond, TX
- Fully occupied by eight service and restaurant tenants on triple‑net (NNN) leases
- Suite sizes range from 1,000 to 6,080 SF, offering flexible unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$304,728
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,094,560
$6.1M
Cap Rate 7%
$4,353,257
$4.4M
Cap Rate 9%
$3,385,867
$3.4M
Market Conditions
NOI Build-Up for 22,497 SF
Gross rent
$461.6K $20.52/SF
− Vacancy
−$26.3K −$1.17/SF
EGI
$435.3K $19.35/SF
− OpEx
−$130.6K −$5.81/SF
NOI
$304.7K $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%
$6,094,560
Cap Rate 7%
$4,353,257
Cap Rate 9%
$3,385,867
Alternative Uses
Best Use
Retail
$4.35M
$3.81M – $5.08M
NOI $304,728 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$280.26M
$245.23M – $326.97M
NOI $19,618,034 @ 7.0% cap · market cap 250.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
76k
Monthly Visits Nearby
Balanced
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
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — 26824 Farm to Market 1093, Richmond, TX 77406
- The Shoppes at Westpark — 26440 farm to market 1093, richmond, tx 77406
- Cross Creek Ranch — 6630-6420 FM 1463, Fulshear, TX 77441
- The Shops at Cross Creek — 6300 FM 1463, Fulshear, TX 77494
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant NNN retail center built in 2013 with flexible suites and an end cap featuring covered patio areas.
Where is this shopping center located?
The property is located at 26440 FM 1093 Richmond, TX.
What is the asking price?
The asking price for this property is $7,817,700.
What are key features of this property?
This property features: 22,497 SF multi‑tenant retail center built in 2013 on a 1.94‑acre parcel in Richmond, TX; Fully occupied by eight service and restaurant tenants on triple‑net (NNN) leases; Suite sizes range from 1,000 to 6,080 SF, offering flexible unit configuration
