Fully Occupied Shopping
For Sale
Contact for pricing
7930 West Grand Pkwy, Richmond, TX 77406
Multi-tenant retail center with established occupants, Grand Parkway frontage, and lease terms that include annual rent increases.
Property Size18,750 SF
Lot Size2.53 Acres
Price / SF$415.22
Days on Market119
Property Features for 7930 West Grand Pkwy
General Information
Standard status
Active
Size
18,750 SF
Lot size
2.53 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$544,975
Additional Details
Cap Rate
7%
Anchor Co-Tenants
Kumo's Wanderland
Building Details
Year Built
2015
Units
5
Tenancy
Multi
Listing Agency:
Apex Realtors
Listed By:
Daniel Myers · License #TX 711407
Source:
Crexi
Added: May 5
Changed: Aug 30
Last Checked: Aug 30 at 2:51PM
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 Apex Realtors
Investment Insights
Based on property information with market context.
This 18,750-square-foot shopping center occupies 110,207 square feet of land and was completed in 2015. The property is fully leased and includes a multi-tenant retail lineup featuring Kumo's Wanderland, Ramble Creek Grill, N&D Nail Spa, Edible Arrangements, and Brooklyn Pizzeria. Long-term leases are in place, with annual rent increases included in the lease structure.
The center is positioned along West Grand Parkway at 7930 West Grand Pkwy in Richmond, Texas. Its tenant mix spans dining, personal care, specialty food, and entertainment uses. The property is reported at 100% occupancy and a 7% cap rate, with the stated NOI in place as of September 2026.
The center is positioned along West Grand Parkway at 7930 West Grand Pkwy in Richmond, Texas. Its tenant mix spans dining, personal care, specialty food, and entertainment uses. The property is reported at 100% occupancy and a 7% cap rate, with the stated NOI in place as of September 2026.
Key Highlights
- 18,750‑square‑foot shopping center on 110,207 square feet of land
- 100% occupied with a multi‑tenant retail lineup
- Built in 2015
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
$253,973
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
3.26%
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%
$5,079,460
$5.1M
Cap Rate 7%
$3,628,186
$3.6M
Cap Rate 9%
$2,821,922
$2.8M
Market Conditions
NOI Build-Up for 18,750 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
$384.8K $20.52/SF
− Vacancy
−$21.9K −$1.17/SF
EGI
$362.8K $19.35/SF
− OpEx
−$108.8K −$5.81/SF
NOI
$254.0K $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%
$5,079,460
Cap Rate 7%
$3,628,186
Cap Rate 9%
$2,821,922
Alternative Uses
Best Use
Retail
$3.63M
$3.17M – $4.23M
NOI $253,973 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$233.58M
$204.38M – $272.51M
NOI $16,350,542 @ 7.0% cap · market cap 210.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
254k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 29%
Dining 28%
Apparel 4%
Kroger
Groceries
55,899 visits/mo
0.3 miles
McDonald's
Dining
32,153 visits/mo
0.5 miles
Dollar Tree
Shops & Services
23,036 visits/mo
0.1 miles
Aldi
Groceries
17,831 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
17,581 visits/mo
0.2 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
Questions? Ask Rey
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- Coinstar — 8011 W Grand Pkwy S, Richmond, TX 77407
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with established occupants, Grand Parkway frontage, and lease terms that include annual rent increases.
Where is this shopping center located?
The property is located at 7930 West Grand Pkwy Richmond, TX.
What is the asking price?
The asking price for this property is $7,785,357.
What are key features of this property?
This property features: 18,750‑square‑foot shopping center on 110,207 square feet of land; 100% occupied with a multi‑tenant retail lineup; Built in 2015
