Missouri City Flex/Industrial
For Sale
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2303 FM 1092 Rd, Missouri City, TX 77459
52,300 SF flex/industrial building in Missouri City, Texas.
Property Size52,300 SF
Lot Size8.18 Acres
Price / SF$101.20
Days on Market749
Property Features for 2303 FM 1092 Rd
General Information
Standard status
Active
Size
52,300 SF
Lot size
8.18 Acres
Property subtype
Retail, Hospitality, Special Purpose
Investment Type
Redevelopment
Building Details
Year Built
2017
Buildings
1
Stories
1
Listing Agency:
Colliers - Houston, Texas
Listed By:
Jason Scholtz · License #TX 599659
(281) 494-4769
Source:
Crexi
Added: Aug 20, 2024
Changed: Aug 26
Last Checked: Sep 7 at 2:34AM
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 Colliers - Houston, Texas
Investment Insights
Based on property information with market context.
This one-story, 52,300 SF building was constructed in 2017 and is situated on 8.1783 acres. The property features an eave height of 24 feet and a clear height ranging from 20 to 50 feet, with approximately 30,000 SF of clear span area. It is located between FM 1092 and Cartwright Rd. The zoning is LC-2 / SUP-73 - Places of Assembly, and the parking ratio is 6.5 spaces per 1,000 SF.
Key Highlights
- Excellent location between FM 1092 and Cartwright Rd
- Large clear span area of ±30,000 SF**
- Significant clear height ranging from 20’ to 50’
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
$266,196
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
5.03%
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%
$5,323,920
$5.3M
Cap Rate 7%
$3,802,800
$3.8M
Cap Rate 9%
$2,957,733
$3.0M
Market Conditions
NOI Build-Up for 52,300 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
$405.8K $7.76/SF
− Vacancy
−$25.6K −$0.49/SF
EGI
$380.3K $7.27/SF
− OpEx
−$114.1K −$2.18/SF
NOI
$266.2K $5.09/SF
Area
Fort Bend County, TX
Vacancy
6.30%
Lease Rate
$7.76 /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%
$5,323,920
Cap Rate 7%
$3,802,800
Cap Rate 9%
$2,957,733
Alternative Uses
Best Use
Industrial
$3.80M
$3.33M – $4.44M
NOI $266,196 @ 7.0% cap · market cap 5.03%
Second Best
Flex RnD
$3.66M
$3.20M – $4.27M
NOI $256,101 @ 7.0% cap · market cap 4.84%
Theoretical Best
Multifamily LT 5
$651.53M
$570.09M – $760.12M
NOI $45,607,112 @ 7.0% cap · market cap 861.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 52,300 SF flex/industrial building in Missouri City, Texas.
Where is this flex space located?
The property is located at 2303 FM 1092 Rd Missouri City, TX.
What is the asking price?
The asking price for this property is $5,292,600.
What are key features of this property?
This property features: Excellent location between FM 1092 and Cartwright Rd; Large clear span area of ±30,000 SF**; Significant clear height ranging from 20’ to 50’
