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    5536 Peek Rd Katy, TX 77450

    Sponsored
    For Lease
    Contact for pricing

    Prime Katy retail center, multiple suites available.

    Lot size:
    25,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Grand Lakes Shopping Center, located at 5536 S Peek Rd, Katy, TX 77450, presents a compelling investment opportunity in the thriving Katy submarket of Fort Bend County. This well-established shopping center, situated at the entrance to Grand Lakes, boasts a total of 25,947 square feet across two single-story buildings, encompassing 12 suites. Currently, 2,555 square feet of retail space is available, with individual suites ranging from 1,050 to 2,555 square feet, ideal for a variety of retail, medical, office, or restaurant uses. The property features ample parking with 73 spaces and benefits from a 42 building FAR. Renovated in 2012, the center enjoys a strategic location at the intersection of Peek Road and Fry Road, serving as the only community center at this prime intersection. The center draws a significant customer base from within a 5-mile radius, with a substantial portion of traffic originating from within 2 miles. The surrounding area boasts a high average household income exceeding $150,000, indicating significant disposable income among potential customers. This property offers a unique blend of established tenancy and available space, promising strong returns for the discerning investor.

    Property Features for 5536 Peek Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,947 SF

    Building Details

    Year Renovated
    2012
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5550
    Size
    2,555 SF
    Space
    Suite 5556 B
    Size
    2,318 SF
    Space
    Suite 5552
    Size
    1,050 SF

    HighLights

    • Grand Lakes Shopping Center, a 25,947 SF retail center in Katy, TX.
    • 12 suites available, with 2,555 SF currently vacant; suites range from 1,050 to 2,555 SF.
    • Ample parking (73 spaces) and a 42 building FAR.
    • Renovated in 2012, strategically located at Peek & Fry Roads, serving a high‑income demographic ($150,000+ avg. household income).
    • Strong location at the entrance to Grand Lakes, drawing customers from a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    JLB Eatery Grand ... Hamburger Restaurant JLB Eatery Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Kitchen & Bath Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.765318373453
    Latitude
    29.713902724085

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    FAQs

    What type of property is this?
    Restaurant - Prime Katy retail center, multiple suites available.
    Where is this restaurant located?
    The property is located at 5536 Peek Rd Katy, TX.
    What are key features of this property?
    This property features: Grand Lakes Shopping Center, a 25,947 SF retail center in Katy, TX.; 12 suites available, with 2,555 SF currently vacant; suites range from 1,050 to 2,555 SF.; Ample parking (73 spaces) and a 42 building FAR.
    Request Owner's contact information
    5536 Peek Rd 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
    5536 Peek Rd Katy, TX 77450
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