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    Property profile & analytics

    2002 Katy Mls Blvd Katy, TX 77494

    • Turn key restaurants
    • 10,788 SF
    • 2.24 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3560881
    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

    • Turn key restaurants

    Property Details for 2002 Katy Mls Blvd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    2.24 lot acres
    Property size
    10,788 SF
    Property type
    Turn key restaurants
    APN
    1199120010001
    APU
    1199120010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $915,000
      Current use
      MEDICAL BUILDING
      $735,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.8081
    Latitude
    29.7833
    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
    $91,499
    $2,926,860
    $1,889,060
    $4,815,920
    -
    $2,926,860
    $1,889,060
    $4,815,920

    Comparable in this City

    • Value Estimation
      $630,000
      8,573 SF

      222 Grand S Pkwy

      RESTAURANT • 8,573 SF
      222 Grand S Pkwy, Katy, TX 77494-8253
      View Details
    • Value Estimation
      $520,000
      9,555 SF

      703 Grand S Pkwy

      RESTAURANT • 9,555 SF
      703 Grand S Pkwy, Katy, TX 77494-8405
      View Details
    • Value Estimation
      $740,000
      8,764 SF

      94 Western Ctr Dr

      RESTAURANT • 8,764 SF
      94 Western Ctr Dr, Katy, TX 77494
      View Details
    • Value Estimation
      $1,160,000
      13,109 SF

      902 Grand S Pkwy

      RESTAURANT • 13,109 SF
      902 Grand S Pkwy, Katy, TX 77494-8462
      View Details
    • Value Estimation
      $665,000
      14,965 SF

      24205 Bella Katy Dr

      RESTAURANT • 14,965 SF
      24205 Bella Katy Dr, Katy, TX 77494
      View Details
    • Value Estimation by Request
      4,654 SF

      210 Grand S Pkwy

      RESTAURANT • 4,654 SF
      210 Grand S Pkwy, Katy, TX 77494-8253
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Katy Retail/Restaurant Space Available

      Prime location near H-E-B and Katy Mills Mall.
      1425 Fm 1463 Rd, Katy, TX 77494
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      8,573 SF

      Newly Renovated Fogo de Chao

      NNN leased Fogo de Chao in Katy, Texas for sale.
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      14,942 SF

      Katy Retail Center For Sale

      14,942 SF retail center on 1.23 acres, 100% leased.
      2212 Katy Flewellen Rd, Katy, TX 77494
      View Details
    • $850,000

      Katy Auto Shop For Sale

      Auto shop property in Katy's Old Towne neighborhood.
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    • Contact for pricing
      11,800 SF

      Katy Automotive Property For Sale

      11,800 sq. ft. building on 1.25 acres in Katy.
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    • Contact for pricing
      7,000 SF

      Retail Space For Sale

      Retail space available for purchase.
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      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,300 SF

      Katy Restaurant with Drive-Thru

      Turnkey restaurant space with drive-thru in high-traffic Katy location.
      23255 Kingsland Blvd, Katy, TX 77494
      View Details
    • $45 SF/Yr
      13,000 SF

      Modern Retail Space in Katy

      New retail space with frontage on Interstate 10.
      28347 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing
      3,500 SF

      Kroger-Anchored Retail Space in Katy

      Retail and restaurant spaces available in a growing Katy location.
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      View Details
    • Contact for pricing

      Retail Space on Westheimer Parkway

      In-line retail space available in established Houston submarket.
      23128 Westheimer Pkwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Class A+ Retail Center

      Retail center with restaurant-ready spaces, construction starting March 2025.
      28511 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Space Near Katy Mills

      Endcap retail space with drive-thru potential near Katy Mills.
      25414 Kingsland Blvd, Katy, TX 77494
      View Details
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    Katy, TX 77494
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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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