0 Colonial Pkwy Katy, TX 77449
This exceptional 5.74-acre commercial land parcel presents a unique investment opportunity in the thriving Katy, Texas market. Situated at the southwest corner of Colonial Parkway and Park West Green Drive, this property boasts excellent visibility and accessibility, located conveniently west of the Grand Parkway. The site offers frontage on both Colonial Parkway and Park West Green Drive, providing ample opportunity for development. The owner is open to a joint venture or build-to-suit arrangement, offering flexibility for potential buyers or developers. The property is served by West Harris County MUD #5, ensuring access to essential utilities. Adding to its appeal, the land is part of a deed-restricted park, enhancing its desirability and contributing to a pleasant environment. Within walking distance, you'll find a variety of restaurants and retail establishments, catering to the needs of residents and employees. Furthermore, the property enjoys close proximity to Memorial Hermann, a significant advantage for any commercial development. The Katy Independent School District serves the area, attracting families and contributing to a strong local economy. The seller will consider subdividing the land to accommodate specific development plans. This is an exceptional opportunity to acquire a strategically located commercial property in a rapidly growing area.
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.