Property profile

28150 Morton Rd Katy, TX 77493

OFF-MARKET
Land
8.39 ac lot
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Property summary

AI-generated overview

This exceptional 8.386-acre property in Katy, Texas, presents a remarkable land development opportunity. Located at 28144-28150 Morton Rd, 77493, in Waller County, this mostly cleared lot boasts 347 feet of frontage along Morton Rd. The land is relatively flat and enjoys a peaceful country setting with open space and a thick tree line separating it from neighboring parcels. The property's convenient location is west of the Grand Parkway 99, north of Interstate-10, and near the Houston Executive Airport. Its zoning permits both residential and commercial development, offering diverse options for investors. Existing improvements include a 4,034 square foot updated single-family residence (built in 2001) and a 1,152 square foot mobile home (built in 2016). These structures utilize well water, septic sewer, natural gas, and electricity. The property's prime location in the rapidly growing Katy area, near the Energy Corridor and west of downtown Houston, makes it an ideal investment for residential subdivisions, commercial ventures, or a combination of both. The area offers a high quality of life, excellent schools (Katy ISD), and a thriving business environment. The asking price is $3,250,000, and the property is offered fee simple with APN numbers: 333300-015-000-100

Property profile

Verified
Property type Land
Lot 8.39 ac (365,294 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

28150 Morton Rd Katy, TX 77493
Katy metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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