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

    1602 Avenue D Katy, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail/Professional center with 16,069 SF net rentable area.

    Type:RETAIL
    Property size:
    16,069 SF
    Lot size:
    3.96 Acres
    Price / SF:
    $310/SF
    Added:
    Jun 18, 2025
    Days on Market:
    316
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 1602 Avenue D

    General Information

    Standard status
    Active
    Size
    16,069 SF
    Lot size
    3.96 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chris Klein
    Chris Klein

    Listing agent Chris Klein License #325140

    Listing office Colliers - Houston

    Listing date Jun 18, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Houston

    Overview

    Retail Center in Katy, Texas

    This retail and professional center features a net rentable area of approximately 16,069 square feet, situated on approximately 3.96 acres. The parking ratio is 3.85 spaces per 1,000 square feet leased. The current zoning is commercial land use/retail. The existing improvements include a tilt wall structure with a brick veneer finish, tall parapets, and generous soffits. The property also features concrete paved parking and service areas, along with extensive landscaping. Environmental assessment: clean, new in 2017. The tax rate for 2024 is $2.150789.
    Location Intelligence

    Current Use by Public Records

    Little Hands Learning ... Daycare Center Showcase Gymnastics Old ... Gym & Fitness Center Rise Communities Community Center Shamrock Communications Telecommunications Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8243
    Latitude
    29.794

    Nearby Similar for Sale

    • $768,000
      1,225 SF

      Professional Office Condominium For Rent

      Professional office condominium featuring private offices, break room, and reception.
      440 Cobia Drive, Katy, TX
      View Details
    • Contact for pricing
      6,000 SF

      Westgreen Blvd Office Building For Sale

      5,733 SF office building on approximately 1 acre.
      518 Westgreen Blvd, Katy, TX 77450
      View Details
    • $6,058,416
      4,457 SF

      Clearwater Express Car Wash Property

      Express car wash property for sale in Katy, Texas.
      24650 Morton Ranch Rd, Katy, TX 77493
      View Details
    • $1,500,000
      1,959 SF

      Farmhouse on Unrestricted Land

      Charming farmhouse on 5.5 acres near Sunterra community.
      5644 Pitts Road, Katy, TX 77493
      View Details
    • $850,000

      Katy Auto Shop For Sale

      Auto shop property in Katy's Old Towne neighborhood.
      5458 Roberts Rd, Katy, TX
      View Details
    • $3,393,000
      8,737 SF

      Katy Retail Investment Opportunity

      Retail property in Katy, TX, with NNN lease agreements.
      1815 S Mason Rd, Katy, TX 77450
      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
      View Details
    • Contact for pricing
      12,000 SF

      Early Learning Center For Sale

      Early learning center in Katy, TX, great investment opportunity.
      24034 Cinco Village Center Blvd, Katy, TX 77494
      View Details
    • $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
      View Details
    • $4,789,448
      3,002 SF

      Katy, TX Wendy's Restaurant

      Single-tenant Wendy's in Katy, TX with long-term lease.
      307 S Fry Rd, Katy, TX 77450
      View Details
    • $9,500,000
      2,580 SF

      Office Space Near Grand Parkway

      Office space in growing Katy area near Grand Parkway.
      3815 Grand Parkway, Katy, TX
      View Details
    • $8,000,000
      8,573 SF

      Newly Renovated Fogo de Chao

      NNN leased Fogo de Chao in Katy, Texas for sale.
      222 W Grand Pkwy S, Katy, TX 77494
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail/Professional center with 16,069 SF net rentable area.
    Where is this shopping center located?
    The property is located at 1602 Avenue D Katy, TX.
    What is the asking price?
    The asking price for this property is $4,990,000.
    What are key features of this property?
    This property features: Net Rentable Area: ±16,069 SF Retail/Professional Center; Land Size: ±3.96 Acres; Parking Ratio: 3.85/1,000 SF leased
    (713) 830-2141 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Klein
    Chris Klein
    Real Estate License ID: 325140
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!