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 Market504
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) 222-2111
Listed By:
Chris Klein · License #TX 325140
(713) 830-2141
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$217,659
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,353,180
$4.4M
Cap Rate 7%
$3,109,414
$3.1M
Cap Rate 9%
$2,418,433
$2.4M
Market Conditions
NOI Build-Up for 16,069 SF
Gross rent
$329.7K $20.52/SF
− Vacancy
−$18.8K −$1.17/SF
EGI
$310.9K $19.35/SF
− OpEx
−$93.3K −$5.81/SF
NOI
$217.7K $13.55/SF
Area
Fort Bend County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,353,180
Cap Rate 7%
$3,109,414
Cap Rate 9%
$2,418,433
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Tiger Square — 6191-6193 Hwy Blvd, Katy, TX 77494
- midway shopping center — 5815 US-90, Katy, TX 77493
- Katy Plaza — Katy, TX 77493
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
