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    OFF-MARKET
    Specialty properties

    21720 Highland Knolls Dr, Katy, TX 77450

    10,440 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Total area 10,440 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • U-Haul Neighborhood Dealer Car Rental Facility
    • Stephanie Grendel Hair Designer Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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