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    OFF-MARKET
    Retail properties & Spaces

    504 Fm 1092 Rd, Stafford, TX 77477

    40,138 SF 3.09 ac lot Built 1984
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1984
    Total area 40,138 SF
    Lot 3.09 ac (134,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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