Katy Retail Center For
2212 Katy Flewellen Rd Katy, TX 77494
2212 Katy Flewellen Rd, Katy, TX, 77494
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For Sale
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14,942 SF retail center on 1.23 acres, 100% leased.
Property Size14,942 SF
Lot Size1.23 Acres
Price / SF$383.76
Days on Market724
Property Features for 2212 Katy Flewellen Rd
General Information
- Standard status
- Active
- Size
- 14,942 SF
- Lot size
- 1.23 Acres
- Property subtype
- Retail, Land
Building Details
- Year Built
- 2016
Listing agency
Texas Land & Commercial Properties
(832) 498-3731
Listed by
Paul King · License #TX 489491
Source
Crexi
Added: Jul 29, 2024 Updated: Jul 6 at 8:20AM Checked: Jul 21 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Land & Commercial Properties
Investment Insights
Based on property information with market context.
This 14,942 square foot retail center is situated on 1.23 acres in Katy, Texas. The property is located at the northwest corner of the entrances to the Woodcreek Reserve and Grayson Lakes communities. The shopping center is fully leased, with a daycare serving as the long-term anchor tenant. This property presents an opportunity to purchase a commercial property in a well-located area.
Key Highlights
- 100% leased retail center providing immediate income.
- Located in Katy, a desirable and growing area.
- Anchor tenant is a daycare, providing stable long‑term income.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.6k | $20.52 |
| − Vacancy | −$17.5k | −$1.17 |
| EGI | $289.1k | $19.35 |
| − OpEx | −$86.7k | −$5.81 |
| NOI | $202.4k | $13.55 |
14,942 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.37M
NOI $202,393 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$186.14M
$162.87M – $217.16M
NOI $13,029,856 @ 7.0% cap · market cap 227.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Coffee Pot
Cafe & Coffee Shop
My Place Early ...
Daycare Center
Sole Reflextions
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- The Shops at Katy Reserve — 1708 Spring Green Blvd, Katy, TX 77494
FAQs
What type of property is this?
Shopping center - 14,942 SF retail center on 1.23 acres, 100% leased.
Where is this shopping center located?
The property is located at 2212 Katy Flewellen Rd Katy, TX.
What is the asking price?
The asking price for this property is $5,734,080.
What are key features of this property?
This property features: 100% leased retail center providing immediate income.; Located in Katy, a desirable and growing area.; Anchor tenant is a daycare, providing stable long‑term income.
