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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Strip malls
1230 Mason Rd Katy, TX 77449-3000
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0211905
Property summary
AI-generated overview
This exceptional retail opportunity is located at 1230 N Mason Rd in Katy, Texas, within the Mason Creek Shopping Center in Harris County (zip code 77449). The property offers two available spaces, ideal for storefront retail or restaurant uses, ranging from 1,695 to 2,030 square feet. This prime location boasts excellent visibility and accessibility, situated at the northeast corner of I-10/Katy Freeway and Mason Creek Road. Benefit from high daily traffic counts exceeding 35,000 vehicles, ensuring significant exposure for your business. The property features frontage on Mason Road, providing convenient access for customers. Its strategic location offers easy access to both I-10 and the Grand Parkway, enhancing accessibility for both employees and customers. This is a multi-tenant property, providing a vibrant and collaborative environment. The property is perfect for businesses seeking high visibility and convenient access in a thriving Katy community. Don't miss this chance to establish your business in a high-traffic area with excellent visibility and accessibility.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Construction
CONCRETE BLOCKS
Total area
23,561 SF
Lot
2.81 ac (122,260 SF)
APN
1362980010001
UPID
US83-0211905
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
Current use
Occupant on record · Public records
-
Mason Creek Dental & Dental Implants Dental Office
-
Farmers Insurance - Laura Rangel Insurance Agency
-
Hobo Town Campground & RV Park
-
Pho Bamboo Restaurant
-
Jimmy John's Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$912k
Blend (final)
Blend
$810k
Owner & transaction history
Ch Retail Fund II Of Houston Shop · 7 yrs held
Ch Retail Fund II Of Houston Shop
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+45.0%
Industrial (general)
$740,000
+7.7%
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 Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Current use
WAREHOUSE, STORAGE
$1,000,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$740,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$34 / 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
$112,531
Tax year 2022
Assessed value
$6,783,014
Assessed 2024
Previous assessed
$6,413,864
+5.8% YoY
Effective rate
1.66%
On assessed value
Assessed land
$3,667,800
Assessed improvement
$3,115,214
Land market value
$3,667,800
Improvement market value
$3,115,214
Total market value
$6,783,014
Applied tax rate
19.0000
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
Off-Market
Year built
2014
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
23,561 SF
Lot
2.81 ac (122,260 SF)
APN
1362980010001
UPID
US83-0211905
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
$690,000
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2014
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
2.81 ac
Current owner
From public records · entity-resolved
Ch Retail Fund II Of Houston Shop
Entity
Mailing address
3819 MAPLE AVE, DALLAS, TX 75219-3913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 13, 2018
—
Ch Retail Fund II Of Houston Shop
—
Grant Deed
related
$50,000,000 · Miscellaneous Ins Co
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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