Multi-Tenant Retail Center with
26440 FM 1093 Richmond, TX 77406
For Sale
$8,032,000
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
Price / SF$357.03
Days on Market112
Property Features for 26440 FM 1093
General Information
- Standard status
- Active
- Size
- 22,497 SF
- Lot size
- 1.94 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2013
Listing Agency:
Dallas Office
(972) 755-5225
Listed By:
Philip Levy · License #TX: 0522087
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 10:42AM
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 Dallas Office
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $461.6k | $20.52 |
| − Vacancy | −$26.3k | −$1.17 |
| EGI | $435.3k | $19.35 |
| − OpEx | −$130.6k | −$5.81 |
| NOI | $304.7k | $13.55 |
22,497 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.35M
$3.81M – $5.08M
NOI $304,728 @ 7.0% cap · market cap 3.79%
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 244.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fit Phix
Gym & Fitness Center
KOKORO WARRIOR FITNESS
Gym & Fitness Center
Westheimer Lakes Dental
Dental Office
Goldfish Swim School ...
Swimming Facility
Similar Off Market Nearby
- Cross Creek Ranch — 6630-6420 FM 1463, Fulshear, TX 77441
- The Shops at Cross Creek — 6300 FM 1463, Fulshear, TX 77494
- The Shoppes at Westpark — 26440 farm to market 1093, richmond, tx 77406
- Coinstar Kiosk | Bitcoin ATM — 26824 Farm to Market 1093, Richmond, TX 77406
FAQs
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 $8,032,000.
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
