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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2340 Texas Heritage Pkwy Katy, TX 77494

19,575 SF 1.45 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional 19,575-square-foot retail strip center, built in 2022, presents a compelling investment opportunity. Located at 2340 Texas Heritage Pkwy in Katy, Texas (77494), this property boasts a 100% occupancy rate and a strong net operating income (NOI) of $625,005, yielding a 6.00% capitalization rate. The asking price is $10,416,758. Situated on a 1.45-acre lot, this single-building center is strategically positioned within Houston's newest affluent, family-oriented master-planned community, approximately four miles west of existing retail, ensuring optimal absorption of Katy's continued growth. Its pedestrian-friendly design promotes high foot traffic, further enhanced by its location on the major north-south thoroughfare, Texas Heritage Parkway. The property benefits from unparalleled integration into this thriving community and exceptional growth potential due to the construction of nearby new master-planned communities. This investment offers a rare combination of prime location, strong performance, and significant future upside.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 19,575 SF
Lot 1.45 ac (63,162 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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