2303 North Fry Road, Katy, TX 77449

Building Details

Buildings 1 More

Listing Agency: Sands Investment Group Los Angeles

Listed By: Chris Sands · License #CA 01387583 Show Phone

Source: Crexi

Added: Sep 28 Changed: Nov 8 Last Checked: Nov 8 at 4:46PM

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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 Sands Investment Group Los Angeles

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Advance Auto Parts occupies a 7,000-square-foot automotive retail property at 2303 North Fry Road in Katy, Texas. The landlord’s stated responsibility is limited to the building structure. The roof was replaced in 2025.

The location ranks in the 92nd percentile among Advance Auto Parts locations in Texas and the 83rd percentile nationwide, according to Placer.ai.

Key Highlights

• 7,000‑square‑foot automotive retail property occupied by Advance Auto Parts
• Roof replaced in 2025
• Landlord responsibility is limited to the building structure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,173

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,663,460 $1.7M

Cap Rate 7%

$1,188,186 $1.2M

Cap Rate 9%

$924,144 $924.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$126.0K $18.00/SF

− Vacancy

−$7.2K −$1.03/SF

EGI

$118.8K $16.97/SF

− OpEx

−$35.6K −$5.09/SF

NOI

$83.2K $11.88/SF

Area

Harris County, TX

Vacancy

5.70%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,663,460

Cap Rate 7%

$1,188,186

Cap Rate 9%

$924,144

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,173 @ 7.0% cap · market cap 3.91%

Second Best

Industrial

$857.5K

$750.3K – $1.00M (±1% cap)

NOI $60,023 @ 7.0% cap · market cap 2.82%

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,795 @ 7.0% cap · market cap 6.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Advance Auto Parts Auto Parts Store Mayde Creek Emporium Grocery & Convenience Store UPS Access Point ... Courier Service

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Cafe & Coffee Shop Hotel & Motel (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

524

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77449, TX

128,180

Population

40,773

Households

3.1

Avg Household Size

32

Median Age

28%

College-Educated

86%

High-School Grad

27.0 sq mi

ZIP Area

4,747

Density / Sq Mi

$85,934

Median Household Income

$42,015

Median Earnings

$1,755

Median Rent

$236,400

Median Home Value

Market

Properties on Market for Automotive properties in Harris County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Automotive property - The property’s landlord responsibility is limited to the building structure.

Where is this automotive property located?

The property is located at 2303 North Fry Road Katy, TX.

What is the asking price?

The asking price for this property is $2,125,455.

What are key features of this property?

This property features: 7,000‑square‑foot automotive retail property occupied by Advance Auto Parts; Roof replaced in 2025; Landlord responsibility is limited to the building structure