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    19304 Katy Fwy Houston, TX 77084

    Sponsored
    For Sale
    $8,000,000

    New Construction, High-Growth Area

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,000 square foot medical and retail building, constructed in 2024, is situated on a 2-acre lot at 19304 Katy Fwy, Houston, TX 77084, in Harris County. The multi-tenant property boasts 63 parking spaces and currently has 29% occupancy. A significant anchor tenant, Excel Urgent Care, occupies a portion of the space under a 10-year lease with a 3% annual rent increase. This presents a compelling opportunity for an owner-user or investor seeking a value-add proposition. The property enjoys a prime location on Interstate 10, benefiting from high traffic volume exceeding 200,000 vehicles per day at Greenhouse Road (nearly 28,000 VPD). Its proximity to Houston's Energy Corridor, a major business district housing over 20% of Houston's Fortune 500 companies, further enhances its appeal. The surrounding area features a vibrant mix of established businesses, including Shake Shack, CAVA, Tim Horton's, Ideal Dental, At Home, LA Fitness, and numerous restaurants. A forthcoming Plucker's Wing Bar adds to the growing commercial activity. The property benefits from a high average household income exceeding $100,000 within 1, 3, and 5-mile radii. The asking price for this strategically located property is $8,000,000.

    Property Features for 19304 Katy Fwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2024

    HighLights

    • High‑traffic location on I‑10, exceeding 200,000 vehicles per day (VPD) at Greenhouse Road, with nearly 28,000 VPD.
    • Prime location near Houston's Energy Corridor, home to over 20% of Houston's Fortune 500 companies.
    • Strong anchor tenant, Excel Urgent Care, with a 10‑year lease and 3% annual rent increases.
    • Excellent surrounding tenant mix including Shake Shack, CAVA, Tim Horton's, Ideal Dental, At Home, LA Fitness, and numerous restaurants.
    • Adjacent to a new Plucker's Wing Bar.
    • High average household income exceeding $100,000 within 1, 3, and 5‑mile radii.
    Property Profile Location Intelligence

    Current Use by Public Records

    Urgent Care Medical Clinic Excel Urgent Care ... Urgent Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.7079969
    Latitude
    29.7861664

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    FAQs

    What type of property is this?
    Lifestyle center - New Construction, High-Growth Area
    Where is this lifestyle center located?
    The property is located at 19304 Katy Fwy Houston, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: High-traffic location on I-10, exceeding 200,000 vehicles per day (VPD) at Greenhouse Road, with nearly 28,000 VPD.; Prime location near Houston's Energy Corridor, home to over 20% of Houston's Fortune 500 companies.; Strong anchor tenant, Excel Urgent Care, with a 10-year lease and 3% annual rent increases.
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    Realmo Value Estimation

    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.

    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.

    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
    19304 Katy Fwy Houston, TX 77084
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