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    Rogers Business Park Retail Space Title is generated by Realmo AI

    6510 FM359, Fulshear, TX 77441

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    New retail and professional space in high-growth Fort Bend County.

    Type:Retail, Office, Industrial
    Added:
    May 27, 2022
    Days on Market:
    1473
    Last Refresh:
    May 13 at 8:16 pm

    Property Features for 6510 FM359

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Kris Bender

    Listing agent Kris Bender License #TX 00324828

    Listing office Reality 1 Partners

    Listing date May 27, 2022

    Source Crexi

    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 Reality 1 Partners

    HighLights

    • Located in a high‑growth area along FM 359 in Fort Bend County.
    • New construction (built in 2021) with modern design and flexible layouts.
    • Benefits from strong demographics including high household incomes.
    • Offers excellent visibility and access with prominent FM 359 frontage.
    • Designed for tenant flexibility with storefront visibility and efficient parking.
    • Surrounded by expanding residential communities.

    Overview

    Rogers Business Park, located at 6510, 6610 & 6620 FM 359 in Richmond, Texas, is a newly developed retail and professional services project with high visibility along the FM 359 growth corridor in Fort Bend County. This development consists of three freestanding buildings designed to accommodate a mix of retail, medical, service, restaurant, and professional users. The site layout provides circulation, multiple access points, and parking distribution. The location along FM 359, a primary north-south artery connecting Richmond, Fulshear, and communities west of Houston, places Rogers Business Park in the path of residential and commercial expansion. The corridor is experiencing growth driven by residential development, infrastructure investment, and household income demographics. The surrounding area reflects population growth trends, high average household incomes, expanding family demographics, and above-average home values, creating conditions for neighborhood retail, restaurants, medical providers, services, fitness, childcare, and professional office users. The buildings feature contemporary exterior elevations, storefront visibility, monument signage opportunities, clean site lines, and flexible demising for retail or medical layouts, with drive-thru capability in select locations. The layout supports both anchor-style users and boutique service operators. The corridor is attracting new retail, restaurants, service providers, and residential expansion, making the Richmond/Fulshear submarket a sought-after suburban growth area. Rogers Business Park is suited for quick-service and fast-casual restaurant operators, medical and dental providers, boutique fitness, salon and personal care, financial services, professional office users, and specialty retail operators.
    Location Intelligence

    Current Use by Public Records

    Graviti Charging Station Electric Vehicle Charging Station BLACKOUT AUTO SPA Interior Design Project Halo Brewing Production Facility Realty 1 Partners Real Estate Agency Apex Baseball Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Skin Care Clinic Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fulshear
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.923213
    Latitude
    29.715692

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    FAQs

    What type of property is this?
    Retail space - New retail and professional space in high-growth Fort Bend County.
    Where is this retail space located?
    The property is located at 6510 FM359 Fulshear, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Located in a high‑growth area along FM 359 in Fort Bend County.; **New construction (built in 2021) with modern design and flexible layouts.**; Benefits from strong demographics including high household incomes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kris Bender
    Real Estate License ID: TX 00324828
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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