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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Strip malls
1525 Mason Rd, Katy, TX 77450-4559
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2848552
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Construction
STEEL FRAME
Total area
84,634 SF
Lot
9.27 ac (403,675 SF)
APN
1196460010001
UPID
US83-2848552
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
-
串个门儿 food truck (China street food) Restaurant
-
Coinstar Exchange Bank Credit Union
-
Rock N Boom Fireworks Discount Store Party Supply Store
-
Sun Wing Katy Supermarket (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Yes Ma’am Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Wenzhou Highland Invs LP · 8 yrs held
Wenzhou Highland Invs LP
since 2017
5 recorded transactions
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$208,958
Tax year 2022
Assessed value
$13,215,120
Assessed 2024
Previous assessed
$11,909,905
+11.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$5,812,920
Assessed improvement
$7,402,200
Land market value
$5,812,920
Improvement market value
$7,402,200
Total market value
$13,215,120
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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
84,634 SF
Lot
9.27 ac (403,675 SF)
APN
1196460010001
UPID
US83-2848552
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
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
9.27 ac
Current owner
From public records · entity-resolved
Wenzhou Highland Invs LP
Entity
Mailing address
2606 BRENNER DR, DALLAS, TX 75220-1320
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2018
—
Wenzhou Highland Invs LP
—
Trustees Deed
related
$12,937,500 · Green Bk
Sep 7, 2017
—
Wenzhou Highland Invs LP
Revesco USA Props Of Highland K
Grant Deed
$8,411,725 · Branch Bk&tr
Jul 18, 2013
—
Revesco USA Props Of Highland K
Tprf Knolls LP Sv II
Grant Deed
$9,010,000 · Miscellaneous Ins Co
May 20, 2008
—
Sv Of Tprf II Highland Knolls
Columbia II Highland Knolls Ll
Grant Deed
$8,400,000 · Viewpoint Bank
Dec 27, 2007
—
Highland Knolls Ll Columbia II
Lincoln National Life Ins
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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