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Property profile & analytics
OFF-MARKET
Warehouses

23115 Morton Ranch Rd Katy, TX 77449

29,165 SF 2.5 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional Katy, Texas investment opportunity presents three modern, 2023-built buildings totaling 29,165 square feet on a 2.5-acre lot. The property boasts a desirable "U" shaped layout, ideal for flex use encompassing retail, office, and warehouse space. Currently 100% occupied by five tenants under triple-net (NNN) leases with personal guarantees, this multi-tenant property offers a secure and stable income stream. Each of the three buildings comprises approximately 9,890 square feet, providing flexibility and potential for future expansion or redevelopment. The property's strong occupancy rate and favorable lease terms contribute to an attractive 6.00% capitalization rate. Located in Harris County at 23115 Morton Ranch Rd, Katy, TX 77449, this Class B property is priced at $6,500,000, or $223 per square foot. The property's strategic location and diverse tenant mix make it an excellent addition to any investment portfolio. This is a turnkey investment opportunity with significant upside potential. Detailed financial information is available upon request.

Property profile
Verified
Property type Warehouses
Year built 2023
Total area 29,165 SF
Lot 2.5 ac (108,900 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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