Property profile

0 Swq I-10 & Cobia Dr Katy, TX 77494

OFF-MARKET
Land
1.24 ac lot
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Property summary

AI-generated overview

This exceptional ±1.24-acre commercial land parcel presents a unique investment opportunity in the thriving Katy, Texas market. Strategically located at the intersection of I-10 and Cobia Drive in Fort Bend County, this pad-ready site boasts unparalleled visibility and accessibility. The property benefits from its location within a high-traffic, super-regional intersection, experiencing over 200,000 vehicles daily between I-10 and the Grand Parkway. This prime location is anchored by a Costco, ensuring consistent high traffic volume and strong consumer draw. The surrounding area features a robust mix of established businesses, including Academy, Cinemark, Andretti Indoor Karting & Games, Home Run Dugout, PopStroke, University of Houston Victoria, and Memorial Hermann Hospital Katy, further enhancing the site's desirability and potential. The site's location within a high barrier-to-entry submarket of the Houston MSA contributes to its long-term value and investment potential. The property's strong demographics, characterized by high household incomes and a substantial daytime population, create a favorable environment for a wide range of commercial developments. This is a rare opportunity to acquire a well-positioned pad site in a rapidly growing area with exceptional visibility and access. The zip code for this property is 77494.

Property profile

Verified
Property type Land
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Swq I-10 & Cobia Dr Katy, TX 77494
Katy metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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