New Retail Center on
For Sale
Contact for pricing
5422 Hwy 6, Missouri City, TX 77459
New retail center in Missouri City's active commercial corridor.
Property Size26,730 SF
Price / SF$295.55
Days on Market888
Property Features for 5422 Hwy 6
General Information
Standard status
Active
Size
26,730 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
8%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$58,260
Building Details
Year Built
2023
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Commercial Realty Company
Listed By:
Wesley Clayborn · License #686301
Source:
Crexi
Added: Mar 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:58AM
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 Commercial Realty Company
Investment Insights
Based on property information with market context.
This newly constructed retail center, completed in 2023, is strategically located at the main entrance of the Riverstone master-planned community along Highway 6 in Missouri City. Highway 6 is recognized as one of the area's most active commercial corridors. The property is shadow-anchored by LA Fitness, which generates consistent daily traffic. The property features a high-demand drive-thru endcap, suitable for food, beverage, or service-based operators. The location benefits from strong demographics, including high household incomes and a growing residential base. This property offers an opportunity for an owner-user or an investor seeking value-add potential. The owner is open to creative deal structures, including condo-style space sales for qualified users or investors. The property has premium visibility and access on Highway 6 and is located at a signalized intersection with strong traffic counts. The property is surrounded by national retailers and anchored by established retail traffic. First-year rent incentives are available, as are competitive TI packages.
Key Highlights
- Prime location at the main entrance of the Riverstone master‑planned community along Highway 6.
- Shadow‑anchored by LA Fitness, ensuring consistent daily traffic.
- High‑demand drive‑thru endcap suitable for various businesses.**
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
$362,065
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
4.58%
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%
$7,241,300
$7.2M
Cap Rate 7%
$5,172,357
$5.2M
Cap Rate 9%
$4,022,944
$4.0M
Market Conditions
NOI Build-Up for 26,730 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
$548.5K $20.52/SF
− Vacancy
−$31.3K −$1.17/SF
EGI
$517.2K $19.35/SF
− OpEx
−$155.2K −$5.81/SF
NOI
$362.1K $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%
$7,241,300
Cap Rate 7%
$5,172,357
Cap Rate 9%
$4,022,944
Alternative Uses
Best Use
Retail
$5.17M
$4.53M – $6.03M
NOI $362,065 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$332.99M
$291.37M – $388.49M
NOI $23,309,333 @ 7.0% cap · market cap 295.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 25%
Shops & Services 23%
Groceries 8%
Kohl's
Apparel
39,220 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
19,768 visits/mo
0.4 miles
Mobil
Shops & Services
10,959 visits/mo
0.3 miles
Goodwill
Apparel
10,825 visits/mo
0.3 miles
Spec's
Groceries
9,369 visits/mo
0.1 miles
Demographics for 77459, TX
79,731
Population
28,071
Households
2.8
Avg Household Size
40
Median Age
56%
College-Educated
95%
High-School Grad
31.3 sq mi
ZIP Area
2,547
Density / Sq Mi
$132,758
Median Household Income
$62,335
Median Earnings
$2,031
Median Rent
$367,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - New retail center in Missouri City's active commercial corridor.
Where is this retail space located?
The property is located at 5422 Hwy 6 Missouri City, TX.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Prime location at the main entrance of the Riverstone master‑planned community along Highway 6.; Shadow‑anchored by LA Fitness, ensuring consistent daily traffic.; High‑demand drive‑thru endcap suitable for various businesses.**
