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    & Peek Grand Pkwy Katy, TX 77449

    Sponsored
    For Sale
    $1,830,748

    ±2.33 Acres, 4 Pads, High-Traffic Location

    Property size:
    53,283 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Exceptional investment opportunity: a ±2.33-acre commercial pad site ideally situated at the intersection of Grand Parkway and Peek Road in Katy, Texas (Harris County, zip code 77449). This prime location offers four buildable pads, ranging from 53,283 to 163,816 square feet, with a land value of $18 per square foot, totaling an asking price of $1,830,748.39. The property boasts direct access to Grand Parkway via curb cuts on both Peek Road and Morton Ranch Road, ensuring high visibility and convenient access for businesses. Its strategic location places it directly across from established shopping centers anchored by Walmart Supercenter and Kroger Marketplace, guaranteeing significant foot traffic and consumer accessibility. The site benefits from access to both north and southbound Grand Parkway feeders, enhancing connectivity and accessibility. Furthermore, the intersection of Grand Parkway and Morton Ranch Road is planned as a Texas turnaround, further improving traffic flow and visibility. The property is surrounded by new residential developments in a prosperous area west of Houston, providing a strong customer base. The site is located within the Katy Independent School District (Katy ISD) and MUD 287. Note that the property is situated in a 500-year floodplain. The 2023 tax rate is 2.694. This property presents a rare opportunity to establish a thriving commercial presence in a rapidly growing and affluent community. No zoning is currently permitted.

    Property Features for & Peek Grand Pkwy

    General Information

    Property type
    Land
    Square Feet
    53,283 SF
    Lot Size
    101,669 SF

    HighLights

    • ±2.33‑acre pad site at Grand Parkway & Peek Rd.
    • Grand Parkway access with curb cuts on Peek Rd and Morton Ranch Rd.
    • High‑traffic location opposite Walmart & Kroger‑anchored centers.
    • Access to Grand Parkway's north and southbound feeder roads.
    • Texas U‑turn planned at Grand Parkway & Morton Ranch Rd intersection.
    • Situated in affluent Katy area near new residential communities; located within the 500‑year floodplain.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.772186473493
    Latitude
    29.821487710322

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    FAQs

    What type of property is this?
    Land - ±2.33 Acres, 4 Pads, High-Traffic Location
    Where is this land located?
    The property is located at & Peek Grand Pkwy Katy, TX.
    What is the asking price?
    The asking price for this property is $1,830,748.
    What are key features of this property?
    This property features: ±2.33-acre pad site at Grand Parkway & Peek Rd.; Grand Parkway access with curb cuts on Peek Rd and Morton Ranch Rd.; High-traffic location opposite Walmart & Kroger-anchored centers.
    Request Owner's contact information
    & Peek Grand Pkwy Katy, TX 77449
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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
    & Peek Grand Pkwy Katy, TX 77449
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