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    20621 Westheimer Pkwy Katy, TX 77450

    For Sale
    Contact for pricing

    Prime Katy location, 4,584 SF, 5-year leaseback

    Property size:
    4,584 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 4,584 square foot mixed-use property, built in 2020, is located in Katy, Texas's thriving Cinco Ranch community at the intersection of Westheimer Parkway and Fry Road. The Class A building features a creative office and storefront space, currently 100% occupied by a dance studio under a five-year leaseback agreement. The two-story building boasts high-end finishes, a modern design, and an elevator, enhancing its appeal and versatility. The property includes 19 parking spaces and sits on a 22,730 square foot lot. The building's adaptable layout is suitable for various uses, including retail, flex space, or office. The current tenant's successful 15-year history provides a stable income stream with a Net Operating Income (NOI) of $120,000. The property's strategic location across from McMeans Junior High School ensures high visibility and foot traffic. This sale-leaseback opportunity offers immediate returns and a strong potential for future appreciation in a desirable Katy, Texas location. The property's features include a large open area with 24-foot ceilings and a second-level open room.

    Property Features for 20621 Westheimer Pkwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,584 SF
    Class
    A

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    2

    HighLights

    • High‑traffic corner location at Westheimer and Clay Rd.
    • Located in the Cinco Ranch master‑planned community, Katy, TX.
    • Modern building constructed in 2020.
    • Features a spacious ballroom with 24‑foot ceilings and a second‑story open area.
    • Five‑year lease extension secured with existing tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BETEL CFA TX Church Dance With Stars ... Dance School Art of Dance Academy Dance School US Dance Company Dance Company

    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
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.734576391637
    Latitude
    29.737780851895

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    FAQs

    What type of property is this?
    Individual retail property - Prime Katy location, 4,584 SF, 5-year leaseback
    Where is this individual retail property located?
    The property is located at 20621 Westheimer Pkwy Katy, TX.
    What are key features of this property?
    This property features: High-traffic corner location at Westheimer and Clay Rd.; Located in the Cinco Ranch master-planned community, Katy, TX.; Modern building constructed in 2020.
    Request Owner's contact information
    20621 Westheimer Pkwy Katy, TX 77450
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    Katy, TX 77450
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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
    20621 Westheimer Pkwy Katy, TX 77450
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