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Property profile

21918 Franz Rd Katy, TX 77449

OFF-MARKET
Retail properties & Spaces
27,800 SF 0.64 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 27,800 SF
Lot 0.64 ac (27,878 SF)

Cap rate & NOI

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

Location

21918 Franz Rd Katy, TX 77449
Katy metro
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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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