Richmond, TX
Commercial Real Estate Market Trends & Data

$435 Avg asking sale price
$35 Avg asking lease rate
9,857 SF Avg unit lease size
4,973 SF Avg building size for sale
6.48% Average cap rate

Richmond's Demographic Profile

Richmond has 4,709 households and a median income of $53,555, providing context for rent absorption and tenant demand across retail and multifamily assets. A +21% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 14,612
# Households 4,709
Median age 37
Median household income $53,555
Avg household size 3.0
Renter-occupied housing units 1,945
5-year population change +21%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Richmond, TX

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Richmond $426 7,298 SF 6.55%
Sugar Land $337 14,164 SF 8.51%
Stafford $201 32,379 SF 7.79%
Nearby Retail Markets Avg Cost/SF Typical Size
Richmond $674 10,450 SF
Sugar Land $377 9,699 SF
Rosenberg $333 10,592 SF
Stafford $470 9,095 SF
Missouri City $432 10,143 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond $166 5,068 SF 7.32%
Sugar Land $113 3,968 SF 4.18%
Rosenberg $166 5,068 SF 7.32%
Stafford $113 3,968 SF 4.18%

Commercial Properties For Sale in Richmond

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Building - K

Fulshear, TX 77406

  • 7,600 SF Office Building
  • $522,750 - $548,250
For Sale

Westheimer Lakes

Katy, TX 77494

  • 32,585 SF Retail Building
  • 7.00% Cap Rate
  • $11,095,896
For Sale

Aria Square

Richmond, TX 77469

  • 19,428 SF Retail Building
  • 7.00% Cap Rate
  • $8,006,957
For Sale

Bldg E

Richmond, TX 77407

  • 4,900 SF Office Building
  • $633,640
For Sale

Bldg H

Richmond, TX 77407

  • 4,900 SF Office Building
  • $795,500
For Sale

Prime 81± Acre Commercial Opportunity

Needville, TX 77461

  • 81.53 AC Lot
  • 1 Agricultural Lot
  • $7,777,081

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Richmond pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Richmond $435 4,973 SF
Sugar Land $347 7,651 SF

Regional Demographic Comparison

This comparison places Richmond alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Richmond or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Richmond 14,612 4,709 37 $53,555 3 1,945 21%
Sugar Land 133,975 46,124 43 $115,312 3 10,145 17%
Thompsons 197 60 43 $80,555 3 3 19%
Fairchilds 938 309 39 $87,797 3 34 22%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Richmond, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Richmond

View All Commercial Real Estate For Sale in Richmond
Is Richmond a good market for a first-time commercial real estate investor?

Richmond offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Richmond?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Richmond. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Richmond?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Richmond. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Richmond compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Richmond. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Richmond acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Richmond, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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