Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9111 Farm to Market Rd 723 Richmond, TX 77406

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space adjacent to proposed HEB, Kroger & Academy.

    Type:Retail, Restaurant
    Added:
    Dec 5, 2024
    Days on Market:
    504
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 9111 Farm to Market Rd 723

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2017

    Spaces For Lease

    at 9111 Farm to Market Rd 723 Contact us

    We can help!

    Listing Contact
    Ronald Patrice
    Ronald Patrice

    Listing agent Ronald Patrice License #TX 780842

    Listing office KM Realty Advisors Houston

    Listing date Dec 5, 2024

    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 KM Realty Advisors Houston

    Overview

    Retail Space Near FM 1093

    This retail space is located near the southwest corner of Farm to Market Road 1093 and Farm to Market Road 723. The property is adjacent to a proposed HEB, Kroger, and Academy. It is surrounded by master-planned communities, including Cinco Ranch, Westheimer Lakes, Cross Creek Ranch, and Seven Meadows.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.7609
    Latitude
    29.5817

    Nearby Similar for Lease

    • $16/mo

      Medical Office in Richmond, TX

      Class B medical office building attached to Oakbend Medical Hospital.
      1601 Main St, Richmond, Texas 77469
      View Details
    • Contact for pricing

      Updated Office Space in Richmond

      Charming, updated office space in the heart of Old Town.
      803 Austin St, Richmond, TX
      View Details
    • Contact for pricing

      Move-in Ready Office Condo

      Well-designed office condo in Richmond, ideal for professional users.
      5151 Meadow Ranch Parkway, Richmond, TX 77407
      View Details
    • $24/mo

      Richmond Retail Center For Lease

      9,460 SF multi-tenant retail center in Richmond, Texas.
      17627 Beechnut St, Richmond, TX
      View Details
    • Contact for pricing

      High-Visibility Retail Space in Richmond

      Prime retail space in a rapidly growing Fort Bend corridor.
      23655 FM 1093, Richmond, TX 77406
      View Details
    • $22/mo

      Orthodontics Space Available For Rent

      2,208 SF orthodontics space for rent. Monument signage available.
      7975 W Grand Parkway S, Richmond, TX, 77407
      View Details
    • Contact for pricing

      Commercial Space in Richmond, Texas

      Commercial space available for lease in Richmond, Texas.
      5434 West Grand Parkway South, Richmond, TX 77406
      View Details
    • Contact for pricing

      Richmond Restaurant Space with Drive-Thru

      Restaurant space available for rent with drive-thru and end-cap.
      2310 Harlem Rd, Richmond, TX
      View Details
    • Contact for pricing

      Richmond Retail Space Available

      Retail space and pad sites available near Grand Parkway.
      W Grand Parkway S, Richmond, TX
      View Details
    • Contact for pricing

      Medical Plaza in Growing Community

      Medical office space in a rapidly growing Fort Bend County.
      18901 W Airport Blvd, Richmond, TX 77406
      View Details
    • Contact for pricing

      Retail End Cap Space

      Modern retail space in thriving corridor with high visibility.
      5434 Grand Pkwy, Richmond, TX
      View Details
    • Contact for pricing

      Retail Space Near Brazos Center

      Retail space with high visibility near Brazos Town Center.
      3415 FM 762 Rd, Richmond, TX
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail space adjacent to proposed HEB, Kroger & Academy.
    Where is this retail property located?
    The property is located at 9111 Farm to Market Rd 723 Richmond, TX.
    What are key features of this property?
    This property features: Adjacent to proposed HEB, Kroger & Academy; Located near the SWC FM 1093 & FM 723 intersection; Surrounded by nationally acclaimed master‑planned communities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ronald Patrice
    Ronald Patrice
    Real Estate License ID: TX 780842
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!