5134 Katy Hockley Rd, Katy, TX 77493
This exceptional 21-acre property in Katy, Texas, presents an unparalleled development opportunity. Located at the high-traffic intersection of Katy Hockley Road and Stockdick School Road, this unrestricted land boasts approximately 1,369 feet of frontage on Katy Hockley Road and 678 feet on Stockdick School Road. The property is conveniently situated near the Grand Parkway 99 and Interstate 10, providing easy access to major transportation routes. Existing utilities include electricity, well water, and septic, with public water and sewer readily available nearby. Importantly, this land is located outside of any flood zones. The site's flat terrain and prime location make it ideal for a variety of uses, including single-family residential development, commercial retail centers, grocery stores, restaurants, gas stations, convenience stores, professional offices, medical facilities, mixed-use developments, or multi-family residences. The thriving Katy community offers a high quality of life, excellent schools, and numerous amenities, attracting professionals, families, and businesses alike. This is a rare opportunity to acquire a significant land parcel in a rapidly growing area with high household incomes and a strong business environment. The asking price is $6,300,000, or approximately $300,000 per acre. The property is offered fee simple with APN numbers 043-119-000-0037 and 043-119-000-0010.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.