504 Fm 1092 RdStafford, TX 77477

Property Details for 504 Fm 1092 Rd

Year built

1984

Lot size

3.09 AC

Property size (Sq ft)

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.

Location Insight

City

Stafford

County

Fort Bend

State

Texas

Latitude

29.6122

Longitude

-95.5652

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