Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27240 Katy Fwy Katy, TX 77494

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.088 acre pad site near Katy Freeway for lease.

    Lot size:
    1.09 Acres

    Property Features for 27240 Katy Fwy

    General Information

    Lot size
    1.09 Acres

    We can help!

    Listing Contact
    Joel C. English
    Joel C. English
    Source: Moodyscre

    Listing Agency: Texas CRES Listing Agent: Joel C. English

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Katy Freeway Pad Site Available

    A 1.088 acre pad site is available for build-to-suit or ground lease. All utilities are available to the site, with cross access to the Buc-ee’s parking lot. The property is located on the north side of the Katy Freeway, one mile west of downtown Katy, Texas. It offers excellent sign exposure on Interstate 10/Katy Freeway, with an average traffic count of over 98,000 vehicles per day on I-10. The location benefits from a rapidly expanding daytime population, with Katy High School and recently developed distribution facilities in close proximity. Katy Mills Mall is located less than two miles away. A full survey and demographic package is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adriatic Cafe Italian ... Restaurant Adriatic Cafe Restaurant

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center Department Store Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.86295
    Latitude
    29.777082

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      LaCenterra

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      2717 Commercial Center Blvd, Katy, TX 77494
      View Details
    • $30 SF/Yr
      2,400 SF

      Retail Space Ready for Occupancy

      Move-in ready retail space, formerly a clothing boutique.
      19125 Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Executive Office Condos For Rent

      Executive office condos with upgraded finishes, convenient location, and high visibility.
      2723 N Mason Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      11,250 SF

      West Houston Warehouse with Office

      11,250 SF warehouse with office space for lease.
      1402 Vanderwilt Ln, Katy, TX 77449
      View Details
    • $23 SF/Yr
      1,300 SF

      Katy Restaurant with Drive-Thru

      Turnkey restaurant space with drive-thru in high-traffic Katy location.
      23255 Kingsland Blvd, Katy, TX 77494
      View Details
    • $39 SF/Yr
      2,631 SF

      Retail Space in Katy, Texas

      Retail space available for rent in Katy, Texas.
      6300 Farm To Market 1463, Katy, TX 77494
      View Details
    • Contact for pricing
      2,473 SF

      Medical Space Available For Sublease

      Sublease opportunity: medical space available immediately until February 2026.
      21416 Provincial Blvd, Katy, TX 77450
      View Details
    • Contact for pricing
      13,940 SF

      Class A Medical Office Building

      Three-story medical office building in Katy submarket with ample parking.
      750 Westgreen Blvd, Katy, TX 77450
      View Details
    • Contact for pricing
      11,382 SF

      Katy Medical Office Space Available

      Medical office spaces available in Katy near Houston Methodist Hospital.
      705 South Fry Rd, Katy, TX 77450
      View Details
    • $45 SF/Yr
      13,000 SF

      Modern Retail Space in Katy

      New retail space with frontage on Interstate 10.
      28347 Katy Fwy, Katy, TX 77494
      View Details
    • $4,200 /Mo
      1,788 SF

      Historic Downtown Katy Office Space

      Professionally restored office building in the heart of Katy.
      5702 4Th St, Katy, TX 77493
      View Details

    FAQs

    What type of property is this?
    Land - 1.088 acre pad site near Katy Freeway for lease.
    Where is this land located?
    The property is located at 27240 Katy Fwy Katy, TX.
    What are key features of this property?
    This property features: - Excellent sign exposure on Interstate 10/Katy Freeway with high traffic volume (98,000+ vehicles per day).; - 1.088 acre pad site available for build-to-suit or ground lease.; - All utilities to site with cross access to Buc-ee’s parking lot.
    (713) 473-7200 Call to check price and availability
    Request Owner's contact information
    27240 Katy Fwy Katy, TX 77494
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27240 Katy Fwy
    Katy, TX 77494
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    27240 Katy Fwy Katy, TX 77494
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joel C. English
    Joel C. English
    Real Estate License ID: 465800
    (713) 473-7200 (281) 898-0895
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!