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

    3334 FM 1092 Rd Missouri City, TX 77459

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

    Renovated shopping center in high-traffic Missouri City location.

    Type:Retail, Office, Restaurant
    Property size:
    67,000 SF
    Added:
    Mar 24, 2021
    Days on Market:
    1858
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 3334 FM 1092 Rd

    General Information

    Standard status
    Active
    Size
    67,000 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 3334 FM 1092 Rd Contact us

    Suite 325 $27 /Mo

    Size
    3,303 SF
    Type
    Retail, Office, Restaurant
    Contact us

    We can help!

    Listing Contact
    Steven Stone

    Listing agent Steven Stone License #TX 515197

    Listing office KM Realty Advisors Houston

    Listing date Mar 24, 2021

    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

    Missouri City Shopping Center Space

    Township Square is a 67,000-square-foot shopping center located in Missouri City, Texas, positioned in a high-traffic area at the intersection of FM 1092 and Highway 6. Originally opened in 1984, the property is undergoing a planned renovation intended to introduce a more urban design aesthetic, drawing inspiration from Houston areas like Montrose, Uptown Park, and The Heights. The renovation aims to enhance the shopping center's appeal to both tenants and customers, transforming it into a community gathering place rather than a typical shopping center. This re-vamp is proposed to revitalize the Missouri City area.
    Location Intelligence

    Current Use by Public Records

    Prestige Dental and Medical ... Dental Office Dwyatt Gentry - State ... Insurance Agency Bollycurves | Bollywood Dance ... Training Center Lewis Marvin J ... Alternative Medicine Practice Old Hickory Inn ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Missouri City Shopping Center — 5950 Hwy 6, Missouri City, TX 77459
    • Riverstone Shopping Center — Highway 6 @, Riverstone Blvd, Missouri City, TX 77459
    • Coinstar Kiosk - Bitcoin ATM — Kroger - Houston, 6200 Hwy 6, Missouri City, TX 77459
    • Coin Time Bitcoin ATM — 6181 Hwy 6, Missouri City, TX 77459
    • Stone River Center — 6215 Hwy 6, Missouri City, TX 77459

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5646509
    Latitude
    29.5712666

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space on Highway 6

      Retail space available in high-traffic Missouri City location.
      5425 HWY 6 SOUTH, Missouri City, TX 77459
      View Details
    • $11 SF/Yr

      Freestanding Industrial Building Sublease

      Freestanding industrial building with office space available for sublease.
      13830 S Gessner Rd, Missouri City, TX 77489
      View Details
    • Contact for pricing

      Retail Space on Texas Parkway

      Retail opportunity in Missouri City with high visibility and accessibility.
      1901-1975 Texas Parkway, Missouri City, TX 77489
      View Details
    • $1.99 SF/Yr

      Retail Space in Missouri City

      End cap retail space with drive-thru in Missouri City.
      2031 Fm 1092 Rd, Missouri City, TX
      View Details
    • $2 SF/Yr

      New Office Condo in Sienna

      Office condo in master-planned community with highway access.
      6110 Sienna Ranch Rd, Missouri City, TX
      View Details
    • Contact for pricing

      Highway 6 Commercial Space

      Commercial space available for rent on Highway 6.
      9310 Highway 6, Missouri City, TX 77459
      View Details
    • Contact for pricing

      Highway 6 Commercial Property

      Commercial property available for lease on Highway 6.
      5422 Highway 6, MISSOURI CITY, TX 77459
      View Details
    • Contact for pricing

      Commercial Space Available For Rent

      Commercial property with 1250 square feet available for rent.
      2755 Texas Parkway, Missouri City, TX 77489
      View Details
    • $0.94 SF/Yr

      Northwest Houston Flex Space

      Flex space near Beltway 8 and Highway 249.
      1306 FM 1092, Missouri City, TX
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru and Patio

      Restaurant sublease opportunity with drive-thru and patio seating.
      9310 Hwy 6, Missouri City, TX
      View Details
    • Contact for pricing

      New Office Condo in Sienna

      Office condo in master-planned community with highway access.
      6110 Sienna Ranch Road, Missouri City, TX 77459
      View Details
    • $38 SF/Yr

      Retail Space Near Highway 6

      Retail space with high visibility and accessibility on Highway 6.
      6215 Highway 6, Missouri City, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - Renovated shopping center in high-traffic Missouri City location.
    Where is this shopping center located?
    The property is located at 3334 FM 1092 Rd Missouri City, TX.
    What are key features of this property?
    This property features: High traffic location on FM 1092 and Highway 6; Planned renovation to create a more urban design; Renovation aims to increase desirability for tenants and patrons
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Stone
    Real Estate License ID: TX 515197
    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!