14511 Old Katy Rd Houston, TX 77079
- Land
- 63,000 SF
- 4.50 lot acres
Current Use by Public Records
- Seacon / Electric Utility Company
- Tint USA / Window Tinting Service
- Houston Dental Esthetics / Dentist / Denture Care Center
- Distinctive Medical Management Solutions / Medical Supply Store
- Center Of Chiropractic - Houston Chiropractor / Chiropractor
Property Details for 14511 Old Katy Rd
- Lot size
- 4.50 lot acres
- Property size
- 63,000 SF
- Property type
- Land
Description
This exceptional 4.5-acre commercial and residential land parcel presents a unique investment opportunity in Houston's thriving Energy Corridor. Strategically located at 14511 Old Katy Rd, Houston, TX 77079, this property boasts unparalleled visibility on Interstate 10 (Katy Freeway), a major thoroughfare with 200,000-250,000 vehicles daily. The lot, with dimensions ranging from 330 to 425 feet by 940 feet, offers excellent development potential. Currently zoned for both commercial and residential use, this land is situated near the Addicks Park & Ride, a 28-acre site primed for significant community development. The Energy Corridor itself is a major employment hub, home to nearly 100,000 employees and over 300 companies, including prominent energy firms like BP America, Citgo, ConocoPhillips, Nouryon, and Shell Oil Company, as well as non-energy businesses such as Sysco and Gulf States Toyota Distributors. The property includes two existing three-story office buildings totaling 63,000 square feet, built in 2003 and 2005, currently operating at 86% occupancy, generating a NOI of $636,093 with a 10.16% cap rate. The sale includes a condition requiring a solution for sufficient detention for these adjacent buildings
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6403
- Latitude
- 29.7857
