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6191-6193 Highway Boulevard, Katy, TX 77494
Tiger Square Shopping Center was remodeled in 2023 with an updated roof and tenant spaces spanning medical, food, and services.
Property Size30,296 SF
Price / SF$305.52
Days on Market188
Property Features for 6191-6193 Highway Boulevard
General Information
Standard status
Active
Size
30,296 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$666,400
Building Details
Year Built
1984
Year Renovated
2023
Tenancy
Multi
Listing Agency:
The Blue Ox Group
Listed By:
Brooks Shanklin · License #TX618418
Source:
Crexi
Added: Apr 17
Changed: Oct 10
Last Checked: Oct 20 at 8:37PM
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 The Blue Ox Group
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.
Key Highlights
- Tiger Square Shopping Center remodeled in 2023, including an updated roof
- Year built: 1984
- Tenants include a diversified mix with medical, food, service, and retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$410,367
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,207,340
$8.2M
Cap Rate 7%
$5,862,386
$5.9M
Cap Rate 9%
$4,559,633
$4.6M
Market Conditions
NOI Build-Up for 30,296 SF
Gross rent
$621.7K $20.52/SF
− Vacancy
−$35.4K −$1.17/SF
EGI
$586.2K $19.35/SF
− OpEx
−$175.9K −$5.81/SF
NOI
$410.4K $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%
$8,207,340
Cap Rate 7%
$5,862,386
Cap Rate 9%
$4,559,633
Alternative Uses
Best Use
Retail
$5.86M
$5.13M – $6.84M
NOI $410,367 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$377.41M
$330.24M – $440.32M
NOI $26,418,988 @ 7.0% cap · market cap 285.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77494, TX
130,872
Population
44,520
Households
2.9
Avg Household Size
35
Median Age
66%
College-Educated
96%
High-School Grad
37.9 sq mi
ZIP Area
3,453
Density / Sq Mi
$146,105
Median Household Income
$68,773
Median Earnings
$2,044
Median Rent
$450,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Katy Main Street — 25705 Katy Fwy, Katy, TX 77494
- The Shops at Cane Island — 27252 Katy Fwy, Katy, TX 77494
- Tiger Square — 6191-6193 Hwy Blvd, Katy, TX 77494
- midway shopping center — 5815 US-90, Katy, TX 77493
Frequently Asked Questions
What type of property is this?
Shopping center - Tiger Square Shopping Center was remodeled in 2023 with an updated roof and tenant spaces spanning medical, food, and services.
Where is this shopping center located?
The property is located at 6191-6193 Highway Boulevard Katy, TX.
What is the asking price?
The asking price for this property is $9,256,000.
What are key features of this property?
This property features: Tiger Square Shopping Center remodeled in 2023, including an updated roof; Year built: 1984; Tenants include a diversified mix with medical, food, service, and retail uses
