2019 Multi-Tenant Retail
29711 Kingsland Blvd Katy, TX 77494
29711 Kingsland Blvd, Katy, TX, 77494
$6,922,000
For Sale
$6,922,000
Fully occupied retail center built in 2019 with strong tenant demand in a rapidly growing Katy master-planned area.
Property Size14,784 SF
Price / SF$468.21
Days on Market48
Property Features for 29711 Kingsland Blvd
General Information
- Standard status
- Active
- Size
- 14,784 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2019
Listing Agency
Houston Office
(713) 452-4257
Listed by
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source
Marcusmillichap
Added: Jun 1 Checked: Jul 17 at 2:20 am
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 Houston Office
Investment Insights
Based on property information with market context.
Shops at Young Ranch is a 14,784-square-foot, 100% occupied multi-tenant retail center built in 2019. The property is designed for straightforward retail leasing and provides investors with in-place NOI from current tenants, with additional upside potential through rent growth.
The center is located at 29711 Kingsland Boulevard in Katy, Texas, directly off Texas Heritage Parkway, identified as the primary north-south thoroughfare off Interstate 10. Surrounding development includes three master-planned communities totaling over 7,000 homes: Jordan Ranch, Young Ranch, and Firethorne. Nearby, the H-E-B-anchored Jordan Ranch Market is located 0.8 miles south, and the forthcoming Texas Heritage Marketplace is 0.5 miles north, described as a Target-anchored project expected to bring additional national tenants.
This asset is well suited for investors seeking a stabilized retail position in a growth corridor with room to increase income over time. For tenants, the center’s occupancy and established retail mix support practical day-to-day operating continuity in a heavily residential, master-planned catchment.
The center is located at 29711 Kingsland Boulevard in Katy, Texas, directly off Texas Heritage Parkway, identified as the primary north-south thoroughfare off Interstate 10. Surrounding development includes three master-planned communities totaling over 7,000 homes: Jordan Ranch, Young Ranch, and Firethorne. Nearby, the H-E-B-anchored Jordan Ranch Market is located 0.8 miles south, and the forthcoming Texas Heritage Marketplace is 0.5 miles north, described as a Target-anchored project expected to bring additional national tenants.
This asset is well suited for investors seeking a stabilized retail position in a growth corridor with room to increase income over time. For tenants, the center’s occupancy and established retail mix support practical day-to-day operating continuity in a heavily residential, master-planned catchment.
Key Highlights
- 14,784‑SF multi‑tenant retail center built in 2019 at 29711 Kingsland Blvd, Katy, TX
- 100% occupied with base rents averaging $30.60/SF
- Off Texas Heritage Parkway (primary north‑south thoroughfare off I‑10)
Local 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 | $303.4k | $20.52 |
| − Vacancy | −$17.3k | −$1.17 |
| EGI | $286.1k | $19.35 |
| − OpEx | −$85.8k | −$5.81 |
| NOI | $200.3k | $13.55 |
14,784 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.86M
$2.50M – $3.34M
NOI $200,253 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$184.17M
$161.15M – $214.87M
NOI $12,892,075 @ 7.0% cap · market cap 186.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
9Round Kickboxing Fitness
Gym & Fitness Center
Kumon Math and Reading ...
Tutoring Service
Joel's Air Duct ...
HVAC Service
Cunningham Cleaners
(Bike/Boat/Book/etc) Store
Demi Lash & Brows
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Fully occupied retail center built in 2019 with strong tenant demand in a rapidly growing Katy master-planned area.
Where is this strip mall located?
The property is located at 29711 Kingsland Blvd Katy, TX.
What is the asking price?
The asking price for this property is $6,922,000.
What are key features of this property?
This property features: 14,784‑SF multi‑tenant retail center built in 2019 at 29711 Kingsland Blvd, Katy, TX; 100% occupied with base rents averaging $30.60/SF; Off Texas Heritage Parkway (primary north‑south thoroughfare off I‑10)
