6191-6193 Highway Boulevard Katy, TX 77494
6191-6193 Highway Boulevard, Katy, TX, 77494
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For Sale
Contact for pricing
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$338.43
Days on Market98
Property Features for 6191-6193 Highway Boulevard
General Information
- Standard status
- Active
- Size
- 30,296 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agency
The Blue Ox Group
Listed by
Brooks Shanklin · License #TX618418
Source
Crexi
Added: Apr 17 Updated: Jul 22 at 5:52PM Checked: Jul 22 at 5:52PM
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
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
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 | $621.7k | $20.52 |
| − Vacancy | −$35.4k | −$1.17 |
| EGI | $586.2k | $19.35 |
| − OpEx | −$175.9k | −$5.81 |
| NOI | $410.4k | $13.55 |
30,296 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.86M
$5.13M – $6.84M
NOI $410,367 @ 7.0% cap · market cap 4.00%
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 257.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tiger Square
Shopping Center & Mall
Tienda vaquera
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Katy Main Street — 25705 Katy Fwy, Katy, TX 77494
- midway shopping center — 5815 US-90, Katy, TX 77493
- The Shops at Cane Island — 27252 Katy Fwy, Katy, TX 77494
- Tiger Square — 6191-6193 Hwy Blvd, Katy, TX 77494
FAQs
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 $10,253,000.
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
