Mixed-Use Development
For Sale
Contact for pricing
810 Morton Street, Richmond, TX 77469
Adjacent parcels in historic downtown Richmond offer a unified setting for mixed-use redevelopment or separate site strategies.
Property Size1,740 SF
Price / SF$286.78
Days on Market108
Property Features for 810 Morton Street
General Information
Standard status
Active
Size
1,740 SF
Class
B
Property subtype
Mixed Use, Land, Special Purpose
Investment Type
Owner/User
Building Details
Year Built
1962
Year Renovated
2018
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Lone Star Properties
Listed By:
Jimmy Siller · License #TX 651659
Source:
Crexi
Added: Jul 1
Changed: Oct 9
Last Checked: Oct 16 at 8:21AM
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 Lone Star Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering consists of adjacent parcels at 808–810 Morton Street in Richmond’s historic downtown. The property forms part of Block 125 in the original City of Richmond plat and is positioned along Morton Street, the city’s civic main street.
The surrounding corridor includes Fort Bend County governmental facilities, professional services, local dining, and established businesses. These uses create a concentrated downtown setting with regular weekday activity. The assembled property can be evaluated for coordinated redevelopment or for separate treatment of the component parcels, subject to buyer due diligence and applicable approvals.
The surrounding corridor includes Fort Bend County governmental facilities, professional services, local dining, and established businesses. These uses create a concentrated downtown setting with regular weekday activity. The assembled property can be evaluated for coordinated redevelopment or for separate treatment of the component parcels, subject to buyer due diligence and applicable approvals.
Key Highlights
- Adjacent parcels at 808–810 Morton Street in Richmond, TX 77469
- Located within historic downtown Richmond
- Part of Block 125 in the original City of Richmond plat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,445
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,900
$788.9K
Cap Rate 7%
$563,500
$563.5K
Cap Rate 9%
$438,278
$438.3K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$71.0K $40.80/SF
− Vacancy
−$7.9K −$4.53/SF
EGI
$63.1K $36.27/SF
− OpEx
−$23.7K −$13.60/SF
NOI
$39.4K $22.67/SF
Area
Fort Bend County, TX
Vacancy
11.10%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,900
Cap Rate 7%
$563,500
Cap Rate 9%
$438,278
Alternative Uses
Best Use
Mixed Use
$563.5K
$493.1K – $657.4K
NOI $39,445 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$21.68M
$18.97M – $25.29M
NOI $1,517,330 @ 7.0% cap · market cap 304.07%
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
1,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 77469, TX
57,925
Population
22,854
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
91%
High-School Grad
106.8 sq mi
ZIP Area
542
Density / Sq Mi
$101,546
Median Household Income
$49,299
Median Earnings
$1,675
Median Rent
$315,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adjacent parcels in historic downtown Richmond offer a unified setting for mixed-use redevelopment or separate site strategies.
Where is this mixed-use property located?
The property is located at 810 Morton Street Richmond, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Adjacent parcels at 808–810 Morton Street in Richmond, TX 77469; Located within historic downtown Richmond; Part of Block 125 in the original City of Richmond plat
