21720 Highland Knolls Dr, Katy, TX 77450
This exceptional investment opportunity presents a 10,440-square-foot commercial property situated on a 1.3-acre lot in Katy, Texas, at 21720 Highland Knolls Dr, 77450. The property, classified as Class B, is currently vacant and offered for sale with a leaseback option. The asking price is $2,600,000, translating to $249.04 per square foot. Features include stained concrete floors, high ceilings, an elevator, and ample parking for over 100 vehicles. The property enjoys convenient access to I-10 and the Grand Parkway, benefiting from strong demographics. Within a 5-mile radius, the population exceeds 298,795, with average household incomes exceeding $123,204. High traffic counts on Highland Knolls Drive (17,103 in 2018) further underscore the property's prime location. Owner financing is available. This mixed-use, special-purpose property is offered as a net lease (NN+) investment. The property is zoned for commercial use.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.