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Property profile & analytics
FOR SALE
Strip malls
1645 Winding Hollow Dr, Katy, TX 77450
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9245543
For Sale
1 / 12
$120,000
1645 Winding Hollow Dr, Katy, TX 77450
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Property summary
AI-generated overview
This bank-owned foreclosure presents a unique opportunity to acquire a thriving restaurant in Katy, Texas. Located at 1645 Winding Hollow Dr, 77450, this single-tenancy business boasts impressive sales figures, with total deposits of $630,937 in 2023 and $130,905 year-to-date in 2024. The restaurant operates under a NNN lease with a base rent of $2.10 per square foot, or $4,550 per month. The menu features a variety of chicken options paired with unique sauces, complemented by signature appetizers like kimchi and bulgogi fries. A selection of domestic and imported beers is also available. This turnkey operation is ideal for an experienced restaurateur looking to capitalize on an established business with a proven track record in a high-traffic area of Harris County. The asking price for this exceptional opportunity is $120,000. Financial records are available upon request. This is a business-only sale, and the property is bank-owned and being sold as a foreclosure.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,431 SF
Lot
1.72 ac (74,867 SF)
APN
1279070010004
UPID
US82-9245543
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
-
Reliable Taxi Courier Service
-
HongDae Pocha Restaurant
-
Building Greatness Inc Crisis Center Medical Clinic
-
Katy Mobile Mechanic Auto Repair Shop
-
Water Tree Mason Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$680k
Owner & transaction history
Hwa Rang Tigers Taekwondo Ltd · 5 yrs held
Hwa Rang Tigers Taekwondo Ltd
since 2020
2 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
Method
Estimation
Statistic approach
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$675,000
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
$24 / 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
$86,300
Tax year 2022
Assessed value
$5,270,096
Assessed 2024
Previous assessed
$4,918,822
+7.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$598,936
Assessed improvement
$4,671,160
Land market value
$598,936
Improvement market value
$4,671,160
Total market value
$5,270,096
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
For Sale
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
28,431 SF
Lot
1.72 ac (74,867 SF)
APN
1279070010004
UPID
US82-9245543
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
$675,000
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Hwa Rang Tigers Taekwondo Ltd
Individual
Mailing address
1717 S MASON RD, KATY, TX 77450-5578
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2020
—
Hwa Rang Tigers Taekwondo Ltd
—
Deed
related
$467,000 · American First Nat'l Bk
—
—
Hwa Rang Tigers Taekwondo Ltd
—
Deed Of Trust
related
$467,000 · American First Nat'l Bk
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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