Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    28144-28150 Morton Rd Katy, TX 77493

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,850,000

    8.386 acres of unrestricted land suitable for residential or commercial.

    Lot size:
    8.74 Acres

    Property Features for 28144-28150 Morton Rd

    General Information

    Lot size
    8.74 Acres

    We can help!

    Listing Contact
    Tim Larson
    Tim Larson
    Source: Moodyscre

    Listing Agent: Tim Larson

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

    Learn more

    Overview

    Katy TX Unrestricted Land Opportunity

    Located in the rapidly growing community of Katy, TX, this 8.386-acre property offers a variety of residential and commercial development opportunities. The land is situated west of The Grand Pkwy 99, north of Interstate-10, near the Houston Executive Airport, and Katy Fort Bend County Road/Morton Rd. The property features 347 feet of frontage along Morton Rd. The lot is mostly cleared, with a thick tree line separating it from neighboring parcels. Existing structures include a 4,034-square-foot updated single-family residence built in 2001, a detached garage with a partially finished upstairs unit, and a 1,152-square-foot mobile home built in 2016. The existing structures utilize well water, septic sewer, natural gas, and electricity service. The property's unrestricted land use allows for either residential, commercial, or both uses. Katy is the hub of three counties - Harris, Waller, and Fort Bend - and is located 30 miles west of Houston. Originally a wide-open prairie, Katy, TX, still has lots of wildlife and a country feel.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Gym & Fitness Garden Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.85895
    Latitude
    29.816874

    Nearby Similar for Sale

    • $3,500,000
      16,900 SF

      Katy Retail Center Investment Opportunity

      Multi-tenant retail center in Katy, TX, 95% occupied.
      811 Avenue D, Katy, TX 77493
      View Details
    • Contact for pricing
      11,900 SF

      Kingsland Boulevard Office Building

      Well-maintained 11,900 SF office building near Cinco Ranch.
      23537 Kingsland Blvd, Katy, TX 77494
      View Details
    • $240,000

      Exclusive Condo in University Center

      Gated condo near University of Houston, ideal for connected living.
      1207 Grand Blvd West, Katy, TX 77449
      View Details
    • $759,000

      Katy 4-Plex New Construction

      New construction 4-plex in Katy Waterstone community.
      3255-3259 Sauce Pan Way, Katy, TX 77449
      View Details
    • $759,000

      Katy 4-Plex with Garages

      New construction 4-plex in gated Katy community near 99.
      3206 Frying Pan Pl, Katy, TX 77449
      View Details
    • $410,000

      Katy Duplexes with Garages

      New construction duplexes in gated Katy community, ideal for investors.
      3262 Frying Pan Pl, Katy, TX 77449
      View Details
    • $359,990

      Move-In Ready Condo in Katy

      Condominium in gated community near University Center and Katy Asian Town.
      1207 Grand Blvd West, Katy, TX 77449
      View Details
    • $290,000

      Move-In Ready Townhouse with Upgrades

      Updated 3-bedroom townhouse with modern features and excellent location.
      25239 Bentley Glen Ln, Katy, TX 77494
      View Details
    • $1,850,000

      Katy Warehouse with Large Lot

      6,000 SF warehouse on over half-acre lot in Old Katy.
      5305 5Th St, Katy, TX 77493
      View Details
    • $2,000,000

      Unrestricted Land in Prime Location

      10-acre unrestricted land with agricultural exemptions in a high-growth area.
      24200 Longenbaugh Rd, Katy, TX 77493
      View Details
    • $3,600,000

      Truck Parking Facility For Sale

      3.076-acre truck parking facility with income potential.
      20820 Park Row Dr, Katy, TX 77449
      View Details
    • $900,000
      7,544 SF

      Mixed-Use Buildings in Katy, Texas

      Three buildings with retail and automotive potential in Katy, TX.
      808 Ave B St, Katy, TX
      View Details

    FAQs

    What type of property is this?
    Land - 8.386 acres of unrestricted land suitable for residential or commercial.
    Where is this land located?
    The property is located at 28144-28150 Morton Rd Katy, TX.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - 8.386 acres of unrestricted land suitable for residential, commercial, or live/work use.; - Located in rapidly growing Katy, TX, near major roadways (I-10, SH-99) and the Houston Executive Airport.; - Includes an updated 4,034SF single-family residence and a 1,152SF mobile home.
    (281) 508-0800
    Request Owner's contact information
    28144-28150 Morton Rd Katy, TX 77493
    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.
    28144-28150 Morton Rd
    Katy, TX 77493
    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
    28144-28150 Morton Rd Katy, TX 77493
    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!
    Listing Contact
    Tim Larson
    Tim Larson
    (281) 508-0800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.