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Property profile & analytics
OFF-MARKET
Land

Katy TX Clay Rd @ Westgreen Blvd Katy, TX 77450

6.51 ac lot
Property ID
Property summary
AI-generated overview

This exceptional offering presents four contiguous tracts of land totaling approximately 62.87 acres, strategically located at the intersection of Clay Road and Westgreen Boulevard in Katy, Texas, zip code 77450, within Harris County. The property comprises four distinct parcels: Tract 1 (6.51 acres), Tract 2 (9.46 acres), Tract 3 (27.7 acres), and Tract 4 (19.2 acres). Importantly, the seller will not subdivide these tracts. Tract 3 is specifically envisioned for a grocery-anchored shopping center development. The location benefits from convenient access to the Grand Parkway (offsite detention is provided 1.2 miles east). Utilities are readily available, provided by NWHCMUD #12. The area boasts strong demographics, with a 3-mile radius encompassing a population of 142,564, 42,775 total households, and an average household income of $99,539 (2022 data). The combined 2022 tax rate is $2.638064 per $100 of assessed value. This presents a unique opportunity for a large-scale development or a single investor seeking a significant land holding in a high-growth area. The property's size and location make it ideal for a variety of commercial and/or residential uses.

Property profile
Verified
Property type Land
Lot 6.51 ac (283,576 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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