Property profile

1645 Winding Hollow Dr Katy, TX 77450

FOR SALE
Strip malls
Property ID
US82-9245543
28,431 SF 1.72 ac lot Built 2013
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Courier Service
  • Restaurant
  • Crisis Center Medical Clinic
  • Auto Repair Shop
  • Big Box & Wholesale Store

Location

1645 Winding Hollow Dr Katy, TX 77450
Katy metro Census 454902 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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