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    28150 Morton Rd Katy, TX 77493

    Sponsored
    For Sale
    $3,250,000

    8.386 Acres, Residential & Commercial

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.386-acre property in Katy, Texas, presents a remarkable land development opportunity. Located at 28144-28150 Morton Rd, 77493, in Waller County, this mostly cleared lot boasts 347 feet of frontage along Morton Rd. The land is relatively flat and enjoys a peaceful country setting with open space and a thick tree line separating it from neighboring parcels. The property's convenient location is west of the Grand Parkway 99, north of Interstate-10, and near the Houston Executive Airport. Its zoning permits both residential and commercial development, offering diverse options for investors. Existing improvements include a 4,034 square foot updated single-family residence (built in 2001) and a 1,152 square foot mobile home (built in 2016). These structures utilize well water, septic sewer, natural gas, and electricity. The property's prime location in the rapidly growing Katy area, near the Energy Corridor and west of downtown Houston, makes it an ideal investment for residential subdivisions, commercial ventures, or a combination of both. The area offers a high quality of life, excellent schools (Katy ISD), and a thriving business environment. The asking price is $3,250,000, and the property is offered fee simple with APN numbers: 333300-015-000-100

    Property Features for 28150 Morton Rd

    General Information

    Property type
    Farms
    Lot Size
    365,294 SF

    HighLights

    • 8.386‑acre relatively flat Katy, TX land parcel with nearby utilities.
    • Prime location: West of Grand Parkway 99, north of I‑10, near Houston Executive Airport, and Morton Rd.
    • Mostly cleared lot with natural tree buffer; additional adjacent land potentially available.
    • 347' of frontage on Morton Rd., suitable for diverse residential and commercial development.
    • Rapidly growing Katy location, west of downtown Houston and near the Energy Corridor, ideal for residential and commercial projects.
    • Katy's unique blend of open space and suburban growth offers a desirable lifestyle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Gym & Fitness Garden Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Waller
    State
    Texas
    Longitude
    -95.8595313
    Latitude
    29.8168881

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    FAQs

    What type of property is this?
    Farm - 8.386 Acres, Residential & Commercial
    Where is this farm located?
    The property is located at 28150 Morton Rd Katy, TX.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 8.386-acre relatively flat Katy, TX land parcel with nearby utilities.; Prime location: West of Grand Parkway 99, north of I-10, near Houston Executive Airport, and Morton Rd.; Mostly cleared lot with natural tree buffer; additional adjacent land potentially available.
    Request Owner's contact information
    28150 Morton Rd Katy, TX 77493
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    Katy, TX 77493
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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
    28150 Morton Rd Katy, TX 77493
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