Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I-10/Cane Is Pkwy Katy, TX 77494
    Back to Search
    Property profile & analytics

    I-10/Cane Is Pkwy Katy, TX 77494

    View on Map
    • Land
    • 4.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 I-10/Cane Is Pkwy

    Lot size
    4.95 lot acres
    Property type
    Land

    Description

    This exceptional 4.95-acre commercial land parcel presents a remarkable investment opportunity in Katy, Texas. Situated at the highly visible northwest corner of I-10 and Cane Island Parkway, this property enjoys unparalleled access and exposure. Located at the entrance to the thriving West Ten Business Park, it benefits from immediate proximity to major retailers and businesses, including Buc-ee's, Home Depot, Amazon, Medline Industries, Bel Furniture, Southern Glazers, Camping World, Holiday World, and many others. The site is conveniently located one mile west of Katy Mills Mall, ensuring high traffic counts and significant consumer visibility. Utilities are readily available, and off-site detention is already provided, simplifying development. This prime location is ideal for a wide range of commercial uses, including retail establishments, restaurants (including quick-service restaurants), office buildings, and auto dealerships. The high traffic volume, excellent visibility, and strong neighboring businesses make this a truly exceptional opportunity for investors seeking a high-impact commercial property in a rapidly growing area of Katy, Texas. The property is zoned for commercial use and ready for development. The 77494 zip code offers easy access to major transportation arteries and a robust local economy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.85
    Latitude
    29.7755

    Comparable in this City

    • Value Estimation by Request
      76.52 Acres

      Grand Pkwy

      Land • 76.52 Acres
      0 Grand Pkwy, Houston, TX 77494
      View Details
    • Value Estimation by Request

      30229 Us-90

      Specialty properties
      30229 Us-90, Katy, TX 77494
      View Details
    • Value Estimation by Request
      4.60 Acres

      5303 Katy Mills Cir

      Land • 4.60 Acres
      5303 Katy Mills Cir, Katy, TX 77494
      View Details
    • Value Estimation by Request
      6.50 Acres

      Cinco Terrance Dr & Spg Grn Blvd

      Land • 6.50 Acres
      0 Cinco Terrance Dr & Spg Grn Blvd, Katy, TX 77494
      View Details
    • Value Estimation by Request
      1.24 Acres

      Swc I-10 & Cobia Dr

      Land • 1 SF
      0 Swc I-10 & Cobia Dr, Katy, TX 77494
      View Details
    • Value Estimation by Request
      24.00 Acres

      Kingsland Blvd

      Land • 24.00 Acres
      0 Kingsland Blvd, Katy, TX 77494
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Land For Sale Near Katy

      Land available near Cane Island Parkway and Highway 90.
      90 Highway Blvd, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy, TX Land For Sale

      Land available for sale in Katy, Texas.
      1130 Fm 1463 Rd, Katy, TX 77494
      View Details
    • $1,900,000
      2.16 Acres

      Katy Hwy 90 Commercial Land

      Prime 2.16-acre commercial lot. Ready for development.
      90 Highway Blvd, Katy, TX 77494
      View Details
    • Contact for pricing

      Land for Sale in Houston

      Approximately 76.52 acres of land available in Northwest Houston.
      Grand Pkwy, Katy, TX 77494
      View Details
    • Contact for pricing
      Pending

      Land Available For Sale

      Land available for sale at Kingsland Boulevard and Main
      Nwc Of Kingsland Blvd And Main St, Katy, TX 77494
      View Details
    • $59,900

      Landlocked Lot in Katy, Texas

      Landlocked lot available in Katy, Texas, sold AS-IS.
      000 Danover St, Katy, TX 77494
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Katy Freeway Pad Site Available

      1.05-acre pad site for lease on Katy Freeway.
      Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy Freeway Pad Site Available

      1.088 acre pad site near Katy Freeway for lease.
      27240 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy Land I-10 Frontage

      Pad sites with great I-10 visibility in Katy, TX.
      128 Cane Island Pkwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Prime Restaurant Space in Katy

      High-visibility restaurant space in a desirable Katy trade area.
      23703 Cinco Ranch Blvd, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Space Available in Katy

      Retail spaces available, ranging from 1,516 to 2,631 SqFt.
      6300 Fm 1463 Rd, Katy, TX 77494
      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.
    I-10/Cane Is Pkwy
    Katy, TX 77494
    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
    I-10/Cane Is Pkwy, Katy, TX, 77494
    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!