2340 Texas Heritage Pkwy Katy, TX 77494
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.
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
Similar Nearby for Sale
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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.