Property profile

529 & Katy Hockley Cut Off Rd Katy, TX 77493

OFF-MARKET
Land
22.7 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering encompasses 22.7 acres situated at the southeast corner of FM 529 and Katy Hockley Cut Off Road, within the Katy Lakes Subdivision. Specifically located in Tract 2A, Block 2, Section 59 of the H&TCRR Survey, Abstract 444, Harris County, Texas, this property boasts significant frontage: approximately 2,937 square feet on Katy Hockley Cut Off Road and approximately 655 square feet on FM 529. The dual road frontage ensures ample ingress and egress, a key advantage for commercial development. This strategic location offers unparalleled access to major thoroughfares including I-10, FM 529, Katy Hockley Road, and the Grand Parkway, providing seamless connectivity throughout the region. The property's adjacency to the Elyson master-planned community, a sprawling 13,600-acre development with over 6,000 planned homes, guarantees a substantial and growing residential base. Furthermore, the property is conveniently located a 7.2-mile drive from Katy Mills Mall and numerous other major businesses, including Costco, Walmart, Home Depot, and Starbucks, underscoring its prime commercial viability. The property is served by the Katy ISD. The reserves can be purchased as a whole or separately. This presents a unique opportunity for developers seeking a prominent location with excellent visibility and access in a rapidly expanding area.

Property profile

Verified
Property type Land
Lot 22.7 ac (988,812 SF)

Cap rate & NOI

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

Location

529 & Katy Hockley Cut Off Rd Katy, TX 77493
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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