0 Undefined Tx, Katy, TX 77493
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.
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
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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.