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    2212 Katy Flewellen Rd Katy, TX 77494

    Sponsored
    For Sale
    $5,734,080

    100% Leased Retail Center, High NOI

    Property size:
    14,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,942 square foot retail center, built in 2016, sits on a 1.23-acre lot in Katy, Texas, at 2212 Katy Flewellen Rd, zip code 77494. Boasting a 6.25% cap rate and a strong net operating income (NOI) of $358,380, this property presents a compelling investment opportunity. Currently 100% occupied, the center benefits from a long-term anchor tenant, a daycare, ensuring consistent revenue streams. Its prime location at the northwest quadrant of the entrances to the Woodcreek Reserve and Grayson Lakes communities provides excellent visibility and accessibility. The property's proximity to Woodcreek Junior High School and numerous master-planned communities, including Cinco Ranch and Avalon at Spring Green, guarantees a substantial customer base. An assumable non-recourse debt at a favorable 4.25% interest rate further enhances the investment potential. This property offers a rare combination of strong financial performance, excellent location, and long-term stability, making it an ideal addition to any investment portfolio. The property is located in Fort Bend County.

    Property Features for 2212 Katy Flewellen Rd

    General Information

    Property type
    Land
    Square Feet
    14,942 SF
    Lot Size
    53,579 SF

    Building Details

    Year Built
    2016

    HighLights

    • Assumable, non‑recourse financing at a 4.25% interest rate.
    • 100% leased to a long‑term daycare anchor tenant.
    • Excellent location in Katy, TX, near the intersection of Flewellen and Woodcreek Bend.
    • Adjacent to Woodcreek Junior High School.
    • Adjacent to the entrances of Woodcreek Reserve and Grayson Lakes communities.
    • Near several master‑planned communities including Woodcreek Reserve, Grayson Lakes, Grayson Woods, Cinco Ranch, and Avalon at Spring Green.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Coffee Pot Espresso Bar My Place Early ... Day Care Center Sole Reflextions Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8319635
    Latitude
    29.7578052

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    FAQs

    What type of property is this?
    Land - 100% Leased Retail Center, High NOI
    Where is this land 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: Assumable, non-recourse financing at a 4.25% interest rate.; 100% leased to a long-term daycare anchor tenant.; Excellent location in Katy, TX, near the intersection of Flewellen and Woodcreek Bend.
    Request Owner's contact information
    2212 Katy Flewellen Rd Katy, TX 77494
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    Katy, TX 77494
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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
    2212 Katy Flewellen Rd Katy, TX 77494
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