Katy TX Clay Rd @ Westgreen Blvd Katy, TX 77450
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.
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.