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Property profile & analytics
FOR LEASE
Strip malls
11309 Katy Fwy, Houston, TX 77079
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4487098
For Lease
$680,000
11309 Katy Fwy, Houston, TX 77079
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Property summary
AI-generated overview
Katy Plaza, located at 11309 Katy Fwy, Houston, TX 77079, offers exceptional retail space in a prime location. This single-story, 15,008 square foot building, renovated in 2015, sits on a 50,189 square foot lot and boasts 74 parking spaces. Currently, 2,455 square feet are available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,455 square feet. The property benefits from its high-traffic location on the Katy Freeway (I-10), between Wilcrest and Kirkwood, experiencing 369,348 vehicles daily. A prominent 42-foot pylon sign enhances visibility. Its proximity to the Energy Corridor, City Centre, and Memorial City Mall ensures a strong customer base. Built in 1972, the property is ideal for restaurants, medical offices, retail businesses, or salons. The property's multiple suite configuration offers flexibility for various business needs. This location provides excellent access and visibility for businesses seeking a thriving retail environment in a densely populated area of Houston. The cross street is Yorkchester Drive.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
STEEL FRAME
Total area
27,686 SF
Lot
0.7 ac (30,636 SF)
APN
985580000025
UPID
US82-4487098
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
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$680k
Owner & transaction history
Lakevista Property Mgmt LLC · 8 yrs held
Lakevista Property Mgmt LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Current use
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$45,923
Tax year 2022
Assessed value
$4,454,679
Assessed 2024
Previous assessed
$4,355,835
+2.3% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,225,400
Assessed improvement
$3,229,279
Land market value
$1,225,400
Improvement market value
$3,229,279
Total market value
$4,454,679
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
27,686 SF
Lot
0.7 ac (30,636 SF)
APN
985580000025
UPID
US82-4487098
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Lakevista Property Mgmt LLC
Entity
Mailing address
10300 WESTOFFICE DR STE #100, HOUSTON, TX 77042-5321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
—
Lakevista Property Mgmt LLC
Katy Freeway Realty Ltd
Trustees Deed
$3,768,194 · Bank Of River Oaks
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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