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    Katy TX Clay Rd @ Westgreen Blvd Katy, TX 77450

    Sponsored
    For Sale
    Contact for pricing

    Exceptional commercial/residential land opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents four contiguous tracts of land totaling approximately 62.87 acres, strategically located at the intersection of Clay Road and Westgreen Boulevard in Katy, Texas, zip code 77450, within Harris County. The property comprises four distinct parcels: Tract 1 (6.51 acres), Tract 2 (9.46 acres), Tract 3 (27.7 acres), and Tract 4 (19.2 acres). Importantly, the seller will not subdivide these tracts. Tract 3 is specifically envisioned for a grocery-anchored shopping center development. The location benefits from convenient access to the Grand Parkway (offsite detention is provided 1.2 miles east). Utilities are readily available, provided by NWHCMUD #12. The area boasts strong demographics, with a 3-mile radius encompassing a population of 142,564, 42,775 total households, and an average household income of $99,539 (2022 data). The combined 2022 tax rate is $2.638064 per $100 of assessed value. This presents a unique opportunity for a large-scale development or a single investor seeking a significant land holding in a high-growth area. The property's size and location make it ideal for a variety of commercial and/or residential uses.

    Property Features for Katy TX Clay Rd @ Westgreen Blvd

    General Information

    Property type
    Land
    Lot Size
    283,576 SF

    HighLights

    • Tract 1: 6.51± Acres
    • Tract 2: 9.46± Acres
    • Tract 3: 27.7± Acres, ideal for grocery‑anchored shopping center
    • Tract 4: 19.2± Acres. Seller will not subdivide. Offsite detention 1.2 miles from Grand Parkway. Utilities provided by NWHCMUD #12. 2022 tax rate: $2.638064 per $100 assessed value. 3‑mile radius demographics: Population 142,564, 42,775 households, $99,539 average household income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.740262004655
    Latitude
    29.831817003051

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    FAQs

    What type of property is this?
    Land - Exceptional commercial/residential land opportunity.
    Where is this land located?
    The property is located at Katy TX Clay Rd @ Westgreen Blvd Katy, TX.
    What are key features of this property?
    This property features: Tract 1: 6.51± Acres; Tract 2: 9.46± Acres; Tract 3: 27.7± Acres, ideal for grocery-anchored shopping center
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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
    Katy TX Clay Rd @ Westgreen Blvd Katy, TX 77450
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