20621 Westheimer Pkwy Katy, TX 77450
- Sports & entertainment properties
- 4,584 SF
- 0.52 lot acres
Current Use by Public Records
- BETEL CFA TX / Church
- Dance With Stars Academy / Dance School / Ballet School
- Art of Dance Academy / Dance School
- US Dance Company / Dance Company / Ballet School
Property Details for 20621 Westheimer Pkwy
- Year built
- 2020
- Construction
- METAL FRAME
- Lot size
- 0.52 lot acres
- Property size
- 4,584 SF
- Property type
- Sports & entertainment properties
- APN
- 1198190010014
- APU
- 1198190010014
Description
This exceptional 4,584 square foot mixed-use property, built in 2020, is located in Katy, Texas's thriving Cinco Ranch community at the intersection of Westheimer Parkway and Fry Road. The Class A building features a creative office and storefront space, currently 100% occupied by a dance studio under a five-year leaseback agreement. The two-story building boasts high-end finishes, a modern design, and an elevator, enhancing its appeal and versatility. The property includes 19 parking spaces and sits on a 22,730 square foot lot. The building's adaptable layout is suitable for various uses, including retail, flex space, or office. The current tenant's successful 15-year history provides a stable income stream with a Net Operating Income (NOI) of $120,000. The property's strategic location across from McMeans Junior High School ensures high visibility and foot traffic. This sale-leaseback opportunity offers immediate returns and a strong potential for future appreciation in a desirable Katy, Texas location. The property's features include a large open area with 24-foot ceilings and a second-level open room.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Harris
- State
- Texas
- Longitude
- -95.7345
- Latitude
- 29.7374
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
