Property profile

1321 Westgreen Blvd Katy, TX 77450

OFF-MARKET
Strip malls
Property ID
US83-0448280
16,354 SF 1.64 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,966 square foot retail space is situated in the thriving Katy business district at 1321 N Westgreen Blvd, Katy, TX 77449, within Harris County. The property, part of the Westgreen Commons complex, offers excellent visibility and accessibility, boasting a prominent pylon sign with "black blacks" to enhance tenant signage. The space is part of a larger 16,272 square foot building with ample parking, ideal for restaurant use. Its location provides easy access to major freeways, including Interstate 10 and the 99 Grand Parkway, and benefits from the proximity of three business travel hotels: Hyatt Place and Holiday Inn Express among them. This single-suite space is currently vacant and ready for immediate occupancy. The property is categorized as retail and restaurant space, making it suitable for a variety of businesses. The convenient location and ample parking make this an attractive opportunity for businesses seeking high visibility and accessibility in a bustling commercial area. This is a unique opportunity to establish a presence in a high-traffic area with strong potential for growth.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction STEEL FRAME
Total area 16,354 SF
Lot 1.64 ac (71,377 SF)
APN 1392970010001
UPID US83-0448280

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Restaurant
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Location

1321 Westgreen Blvd Katy, TX 77450
Katy metro Census 454700 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$527k
Blend (final) Blend
$520k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $830,000 +113.7%
Warehouse, storage $785,000 +101.4%
Retail stores $665,000 +70.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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