Katy Retail Center For
For Sale
Contact for pricing
2212 Katy Flewellen Rd, Katy, TX 77494
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 Market815
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
Occupancy
100%
Net Operating Income
$358,380
Building Details
Year Built
2016
Listing Agency:
Texas Land & Commercial Properties
Listed By:
Paul King · License #TX 489491
(832) 498-3731
Source:
Crexi
Added: Jul 29, 2024
Changed: Oct 10
Last Checked: Oct 20 at 8:25PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,393
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,860
$4.0M
Cap Rate 7%
$2,891,329
$2.9M
Cap Rate 9%
$2,248,811
$2.2M
Market Conditions
NOI Build-Up for 14,942 SF
Gross rent
$306.6K $20.52/SF
− Vacancy
−$17.5K −$1.17/SF
EGI
$289.1K $19.35/SF
− OpEx
−$86.7K −$5.81/SF
NOI
$202.4K $13.55/SF
Area
Fort Bend County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,860
Cap Rate 7%
$2,891,329
Cap Rate 9%
$2,248,811
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77494, TX
130,872
Population
44,520
Households
2.9
Avg Household Size
35
Median Age
66%
College-Educated
96%
High-School Grad
37.9 sq mi
ZIP Area
3,453
Density / Sq Mi
$146,105
Median Household Income
$68,773
Median Earnings
$2,044
Median Rent
$450,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Shops at Katy Reserve — 1708 Spring Green Blvd, Katy, TX 77494
Frequently Asked Questions
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.
