504 Fm 1092 Rd Stafford, TX 77477
- Retail properties
- 40,138 SF
- 3.09 lot acres
Current Use by Public Records
- Retail properties
Property Details for 504 Fm 1092 Rd
- Year built
- 1984
- Lot size
- 3.09 lot acres
- Property size
- 40,138 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
Exceptional investment opportunity in Stafford, Texas, presents the Oak Plaza Center, a stabilized retail property boasting 40,138 square feet of net rentable space across two single-story buildings. Currently 100% occupied by Sherwin-Williams and RealNext, this Class B center offers a compelling 6.60% cap rate with a Net Operating Income (NOI) of $362,117. The asking price is $5,500,000, translating to $137.03 per square foot—significantly below the $157.21 per square foot appraised value in 2024. Built in 1984 and renovated in 2010, the property sits on a 3.09-acre lot zoned for commercial use and features ample parking (1.53 spaces per 1,000 sq ft). Strategically located on the high-traffic FM 1092 (Murphy Road), this center presents a rare opportunity to acquire a well-performing asset with potential for rent increases and significant upside. The property's strong tenant base and below-market rents contribute to its exceptional investment potential. Further enhancing its appeal, the property is owned by a corporation and is offered for sale by owner. The APN is 7240020000020907.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stafford
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5652
- Latitude
- 29.6122
