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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1622 Minonite Rd Richmond, TX 77469

24,000 SF 1.79 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional 1,400-square-foot retail storefront is the final available space in the prestigious Minonite Retail Center Phase II, a Class A development completed in 2023. Located at 1622 Minonite Rd, Richmond, TX 77469, this property is part of a thriving retail center with two 12,000-square-foot buildings situated on 1.79 acres. The center boasts a prime location in the Rosenberg submarket, benefiting from excellent visibility and accessibility. The space is ideal for a variety of uses, including but not limited to juice bars, yoga studios, hair salons, after-school tutoring centers, martial arts studios, cell phone stores, and medical practices. This location offers improvement allowances and signage options for tenant customization. The surrounding area is experiencing significant population growth, with a 10.7% annual increase within a two-mile radius since 2010, fueled by nearby residential developments from DR Horton and KB Homes. The area enjoys a high average household income of $125,819, resulting in substantial consumer spending within a one-mile radius. The strategic location near schools and a community center ensures high foot traffic and convenient access for families. This is a unique opportunity to establish a business in a rapidly growing community with no competing retail centers within a one-mile radius. The property is zoned commercial (APN: R138483) and is easily accessible via the Grand Parkway extension. The building features one story and no elevators. The total building size is 24,000 square feet, divided into eight suites.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 24,000 SF
Lot 1.79 ac (77,972 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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