Property profile

0 Undefined Tx Katy, TX 77493

OFF-MARKET
Retail properties & Spaces
19,500 SF 4.38 ac lot Built 2025
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Property summary

AI-generated overview

The Shops at Katy Lakes offers an exceptional retail opportunity in a rapidly developing area of Harris County. This brand-new, single-story development, completed in 2025, boasts a total of 19,500 square feet of retail space, available in units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 19,500 square feet. The property sits on a sizable 4.38-acre lot at the highly visible southeast corner of FM-529/Freeman Rd and Katy-Hockley Cut-Off, ensuring excellent visibility and accessibility. This strategic location is poised for significant growth, benefiting from its proximity to a new educational complex (high school, junior high, and elementary school) opening in Fall 2024, approximately one mile away. Furthermore, the development is directly across from Elyson, a large 3,600-acre master-planned community projected to include over 6,200 homes upon completion. This substantial residential development will provide a significant and expanding customer base for the Shops at Katy Lakes. The property is ideal for a variety of retail uses, offering flexible space options to accommodate diverse business needs. Multiple tenancy is available. Don't miss this chance to secure a prime retail location in one of Katy's fastest-growing areas.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2025
Total area 19,500 SF
Lot 4.38 ac (190,793 SF)

Cap rate & NOI

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

Location

Undefined Tx Katy, TX 77493
Katy metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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