Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21918 Franz Rd Katy, TX 77449
    Back to Search
    Property profile & analytics

    21918 Franz Rd Katy, TX 77449

    View on Map
    • Retail properties & Spaces
    • 27,800 SF
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 21918 Franz Rd

    Lot size
    0.64 lot acres
    Property size
    27,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 0.64-acre parcel, located at 21918 Franz Rd in Katy, Texas (77449), presents a prime opportunity for a quick-service restaurant or full-service dining establishment. The property boasts a substantial 27,800 square feet of space, priced at $16.91 per square foot, for a total asking price of $470,000. Currently vacant, this pad site is ready for immediate development and features complete utility infrastructure and ample parking. Its strategic location on Franz Road, with approximately 13,616 vehicles passing daily, and its proximity to Mason Road (30,002 VPD), ensures high visibility and accessibility. The property is served by the Katy Independent School District. This is an ideal location to capitalize on the thriving Katy market, offering significant potential for a successful restaurant venture. The site's size and infrastructure make it suitable for a variety of restaurant concepts, from fast-food chains to upscale dining experiences. Don't miss this chance to secure a highly desirable restaurant location in a rapidly growing area. All utilities are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7532
    Latitude
    29.8022

    Comparable in this City

    • Value Estimation by Request
      205,813 SF

      20290 Katy Fwy

      Restaurants • 205,813 SF
      20290 Katy Fwy, Katy, TX 77449
      View Details
    • Value Estimation by Request
      11,234 SF

      7041 Fry Rd

      Restaurants • 11,234 SF
      7041 Fry Rd, Katy, TX 77449
      View Details
    • Value Estimation by Request
      14,262 SF

      5828 Fry Rd

      Restaurants • 14,262 SF
      5828 Fry Rd, Katy, TX 77449
      View Details
    • Value Estimation by Request
      12,000 SF

      2603 Fry Rd

      Restaurants • 12,000 SF
      2603 Fry Rd, Katy, TX 77449
      View Details
    • Value Estimation by Request

      6211 Barker Cypress Rd

      Restaurants
      6211 Barker Cypress Rd, Katy, TX 77449
      View Details
    • Value Estimation by Request

      5751 Greenhouse Rd

      Restaurants
      5751 Greenhouse Rd, Katy, TX 77449
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fry Road Commercial Land Available

      Multiple tracts for sale or lease at Fry Road.
      4230 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant Asset Sale in Katy

      3,000 SF restaurant space with equipment included for sale.
      23119 Colonial Pkwy, Katy, TX 77449
      View Details
    • Contact for pricing
      1,317 SF

      Established Restaurant in High-Traffic Area

      Profitable restaurant opportunity with high sales volume and low rent.
      22811 Morton Ranch Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Development Opportunity on 0.84 Acres

      Prime corner location in a high-growth Houston retail corridor.
      19901 W Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      405,979 SF

      Clay Road @ Bridgewater Meadow Dr, Katy, TX 77449

      Commercial land • 405,979 SF
      Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      201,683 SF

      Katy Commercial Land For Sale

      User-ready commercial land with easy access to major highways.
      Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space I-10 Frontage

      Retail space with high visibility and easy highway access.
      1230 N Mason Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Space on Barker Cypress

      Retail space with high visibility and traffic in Katy.
      6211 Barker Cypress Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Commercial spaces for rent with high traffic exposure.
      19560 Clay Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      6037 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Center Pre-Leasing Opportunity

      Commercial retail center pre-leasing with high visibility and access.
      7041 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      3,082 SF

      Katy Freeway Retail Opportunity

      Retail and restaurant spaces available on Katy Freeway.
      20702 Katy Fwy, Katy, TX 77449
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21918 Franz Rd
    Katy, TX 77449
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21918 Franz Rd, Katy, TX, 77449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!