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

    23010 Highland Knolls Dr Katy, TX 77494

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

    Second-generation restaurant/café space in a high-demand retail area.

    Property Features for 23010 Highland Knolls Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Wan Yi
    Source: Crexi

    Listing Agency: W Realty & Investment Group Listing Agent: Wan Yi

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

    Learn more

    Overview

    Restaurant Space in Cinco Ranch

    This is a second-generation restaurant/café opportunity located in the Cinco Ranch area, a retail neighborhood with strong residential density, destination dining, and high-performing local retailers. The space, featuring approximately 2,324 square feet, offers an ideal layout for various food-and-beverage concepts. Existing restaurant infrastructure is in place to help reduce build-out time and upfront costs. The premises includes a service counter, kitchen layout, and restrooms. It benefits from excellent visibility and strong pedestrian activity along the Highland Knolls Drive and Peek Road intersection. The space is suitable for a cafe, bakery, bistro, fast-casual restaurant, juice bar, dessert shop, or specialty beverage concept, subject to approvals. It has turnkey potential with an existing hood and grease interceptor.
    Location Intelligence

    Current Use by Public Records

    Training For Results, LLC ... Gym & Fitness Center The Little Gym of Katy Gym & Fitness Center CINCOfit Gym & Fitness Center Rynofit Personal Training Gym & Fitness Center Polished Nails & Spa Nail Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.757725
    Latitude
    29.759251

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      LaCenterra

      Discover many ways to work your way in LaCenterra
      2717 Commercial Center Blvd, Katy, TX 77494
      View Details
    • Contact for pricing

      Downtown Katy Office Space Available

      2006 Sq Ft office space in prime Katy location.
      5605 George Bush Dr, Katy, TX 77493
      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
    • $29 SF/Yr

      Garage Condo in Garages of Texas

      Luxury garage condo adaptable for various business or personal uses.
      1435 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Class A+ Retail Center

      Retail center with restaurant-ready spaces, construction starting March 2025.
      28511 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail/Office Space in Katy

      High-traffic corner location suitable for retail, medical, or office use.
      21720 Highland Knolls Dr, Katy, TX 77450
      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
    • $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
    • Contact for pricing

      Automotive Repair Facility For Lease

      Automotive repair facility in rapidly growing Katy area for lease.
      5959 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy Restaurant with Drive-Thru

      Turnkey restaurant space with drive-thru in high-traffic Katy.
      23255 Kingsland Blvd, Katy, TX 77494
      View Details
    • Contact for pricing
      2,860 SF

      Katy Medical Office Space Available

      Medical office building with convenient access and modern build-out.
      456 Park Grove Dr, Katy, TX 77450
      View Details
    • Contact for pricing
      1,250 SF

      Katy Warehouse Space Available

      1,250 SF warehouse space with quick highway access.
      1430 Vanderwilt Ln, Katy, TX 77449
      View Details

    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant/café space in a high-demand retail area.
    Where is this restaurant located?
    The property is located at 23010 Highland Knolls Dr Katy, TX.
    What are key features of this property?
    This property features: - Turnkey restaurant/café opportunity with existing hood and grease interceptor.; - Located in the highly desirable Cinco Ranch area with strong residential density.; - Existing restaurant infrastructure reduces build-out time and costs.
    Request Owner's contact information
    23010 Highland Knolls Dr 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.
    23010 Highland Knolls Dr
    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
    23010 Highland Knolls Dr 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!
    Listing Contact
    Wan Yi
    Real Estate License ID: 9011310
    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!