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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1235 Fry Rd Katy, TX 77449-3342

    • Retail space
    • 10,927 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4303559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arby's / Restaurant / Take-out & Catering

    Property Details for 1235 Fry Rd

    Year built
    2007
    Construction
    BRICK
    Lot size
    1.37 lot acres
    Property size
    10,927 SF
    Property type
    Retail space
    APN
    1196030010009
    APU
    1196030010009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7211
    Latitude
    29.7877
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $63,600
    $897,570
    $3,582,232
    $4,479,802
    -
    $897,570
    $3,582,232
    $4,479,802

    Comparable in this City

    • Value Estimation
      $630,000
      15,507 SF

      23333 Grand Cir Blvd

      RETAIL STORES (PERSONAL SERVICES) • 15,507 SF
      23333 Grand Cir Blvd, Katy, TX 77449-6494
      View Details
    • Value Estimation by Request
      5,520 SF

      3060 Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      3060 Fry Rd, Katy, TX 77449-6240
      View Details
    • Value Estimation by Request
      14,016 SF

      6052 Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,016 SF
      6052 Fry Rd, Katy, TX 77449-1882
      View Details
    • Value Estimation
      $615,000
      20,354 SF

      6078 Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,354 SF
      6078 Fry Rd, Katy, TX 77449-1805
      View Details
    • Value Estimation by Request
      12,537 SF

      3758th Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,537 SF
      3758th Fry Rd, Katy, TX 77449-6728
      View Details
    • Value Estimation by Request
      11,320 SF

      20314 Franz Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,320 SF
      20314 Franz Rd, Katy, TX 77449-5600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,684 SF

      Retail Property on Fry Road

      Retail property with high visibility and strong traffic counts.
      2125 North Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      2.20 Acres

      West Houston Commercial Land - 2.2 Acres

      Prime West Houston acreage, ideal retail/specialty use.
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      Unrestricted Land in High-Growth Corridor

      19.86 acres of unrestricted land ideal for various developments.
      20747 Clay Rd, Katy, TX 77449
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    • $240,000

      Exclusive Condo in University Center

      Gated condo near University of Houston, ideal for connected living.
      1207 Grand Blvd West, Katy, TX 77449
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    • Contact for pricing
      4.33 Acres

      Katy Land: 4.33 Acres, Ready to Build

      Prime Katy location, user-ready commercial land.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      9.32 Acres

      Katy Commercial Land - 9.32 Acres

      Prime Katy land, ideal for various uses. High traffic area.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88,625 SF

      Eagle Ranch Shopping Center Lease

      Katy Retail Space: Kroger-Anchored
      6037 Fry Rd, Park Row, TX 77449
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Katy, Texas

      5,000 sq ft retail space available for lease.
      19123 W Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      5,218 SF

      Katy Freeway Retail Opportunity

      Retail and restaurant spaces available on Katy Freeway.
      20702 Katy Fwy, Katy, TX 77449
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    • $24 SF/Yr
      2,400 SF

      Retail Space Ready for Occupancy

      Move-in ready retail space, formerly a clothing boutique.
      19125 Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      255,882 SF

      Joe V's Smart Shop Retail Center

      Prime Retail Building & Pad Sites Available
      4107 Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Major Retailers

      Retail space available in high-traffic area near major retailers.
      23021-23027 Morton Ranch Rd, Katy, TX 77449
      View Details
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    1235 Fry Rd
    Katy, TX 77449-3342
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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