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    1026 Kings Forest Ln Richmond, TX 77469

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    1026 Kings Forest Ln Richmond, TX 77469

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    • Auto shops
    • 5,219 SF
    Off-Market
    Property ID
    US83-4033565
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 1026 Kings Forest Ln

    Year built
    2003
    Property size
    5,219 SF
    Property type
    Auto shops

    Description

    This exceptional 5,219-square-foot retail property, located at 1026 Kings Forest Ln in Richmond, Texas, presents a unique investment opportunity. Situated on a spacious 31,962-square-foot lot in Fort Bend County, this single-tenant building offers ample space for a variety of commercial uses, particularly suited for an auto shop. Built in 2003, the two-story structure is currently vacant, providing immediate occupancy for a new business. The property's prime location in Richmond, TX, 77469 offers excellent visibility and accessibility. With its substantial size and versatile layout, this property is ideal for entrepreneurs seeking a prominent location to establish or expand their business. The entire 5,219 square feet is available, providing significant space for operations and storage. This is a rare opportunity to acquire a well-located, sizable commercial property in a thriving Texas market. The property's size and location make it an attractive investment for both established businesses and new ventures. Don't miss this chance to secure a prime commercial space in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6720247
    Latitude
    29.5150632

    Comparable in this City

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      Retail Space Available for Lease

      Retail property available for lease in Richmond, Texas.
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      Retail Space Near Brazos Center

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      Retail Property with National Tenants

      Retail property with national tenants in high-traffic area.
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      Retail Space in Thompson Plaza

      Vacant 1,200 SF retail space in established shopping center.
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      Retail Center in Sugar Land

      Prime retail location with high visibility and traffic.
      19875 Southwest Fwy, Booth, TX 77469
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    Similar Nearby for Lease

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      Retail and Office Space Available

      New retail and office spaces available for lease.
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      Retail Space Available for Lease

      Retail property available for lease in Richmond, Texas.
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      Retail Space Near Brazos Center

      Retail space with high visibility near Brazos Town Center.
      3415 Fm 762 Rd, Richmond, TX 77469
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      Retail Property with National Tenants

      Retail property with national tenants in high-traffic area.
      1125 Crabb River Rd, Richmond, TX 77469
      View Details
    • $1.35 SF/Yr
      1,200 SF

      Retail Space in Thompson Plaza

      Vacant 1,200 SF retail space in established shopping center.
      2201 Thompson Rd, Richmond, TX 77469
      View Details
    • Contact for pricing

      Retail Center in Sugar Land

      Prime retail location with high visibility and traffic.
      19875 Southwest Fwy, Booth, TX 77469
      View Details
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    1026 Kings Forest Ln
    Richmond, TX 77469
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    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
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