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Property profile & analytics

4846 Fm 1463 Rd Katy, TX 77494

  • Lifestyle centers
  • 22,802 SF
  • 2.57 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Piada Italian Street Food / Pasta Shop / Salad Shop
  • Cheba Hut Toasted Subs / Caterer / Bar
  • Eyecare Redefined / Optometrist
  • De' Lash Studio / Eyelash Salon / Facial Spa
  • Woof Gang Bakery & Grooming Fulshear / Pet Groomer / Pet Store

Property Details for 4846 Fm 1463 Rd

Year built
2017
Lot size
2.57 lot acres
Property size
22,802 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

This exceptional investment opportunity presents a 22,802 square foot, multi-tenant retail property located at 4846 FM 1463 in Katy, Texas, within the thriving Houston MSA. The property, built in 2017, sits on a 2.57-acre lot and boasts a strong NOI of $769,974, resulting in a compelling 6.25% cap rate. Currently housing ten tenants, including prominent national brands like Orangetheory Fitness and Vision Source, this center benefits from a robust lease structure with built-in rent bumps. The property is strategically positioned at the entrance to Cross Creek Ranch, a rapidly expanding 3,200-acre master-planned community projected to have over 7,000 homes. This prime location is further enhanced by its proximity to new schools and enjoys exceptional demographics, with average household incomes exceeding $200,000 within a one-mile radius. The center is anchored by a significant 101,000 square foot H-E-B grocery store, driving substantial foot traffic and contributing to the overall success of the property. This Net Lease investment is offered at $12,320,000 and is suitable for a 1031 exchange. The property's strong tenant mix, prime location, and impressive financial performance make it an ideal addition to any diversified portfolio. The property offers a compelling combination of stability and growth potential within a rapidly developing area.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Katy
County
Fort Bend
State
Texas
Longitude
-95.8463
Latitude
29.7211
More about this property
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