Retail Center in Katy,
For Sale
Contact for pricing
1602 Avenue D, Katy, TX
Retail/Professional center with 16,069 SF net rentable area.
Property Size16,069 SF
Lot Size3.96 Acres
Price / SF$310.54
Days on Market411
Property Features for 1602 Avenue D
General Information
Standard status
Active
Size
16,069 SF
Lot size
3.96 Acres
Property subtype
RETAIL
Listing Agency:
Colliers - Houston
(713) 830-2141
Listed By:
Chris Klein · License #325140
(713) 830-2141
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:26AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Net Rentable Area: ±16,069 SF Retail/Professional Center
- Land Size: ±3.96 Acres
- Parking Ratio: 3.85/1,000 SF leased
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.7k | $20.52 |
| − Vacancy | −$18.8k | −$1.17 |
| EGI | $310.9k | $19.35 |
| − OpEx | −$93.3k | −$5.81 |
| NOI | $217.7k | $13.55 |
16,069 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,659 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$200.18M
$175.16M – $233.54M
NOI $14,012,633 @ 7.0% cap · market cap 280.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Katy Plaza — Katy, TX 77493
- midway shopping center — 5815 US-90, Katy, TX 77493
- Tiger Square — 6191-6193 Hwy Blvd, Katy, TX 77494
Frequently Asked Questions
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
