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    Property profile & analytics
    OFF-MARKET Estimated value $660,000
    Strip malls

    20680 Westheimer Pkwy, Katy, TX 77450-6230

    19,500 SF 1.59 ac lot Built 2005
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-3681485
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located in the thriving Shops at Cinco Ranch, a high-traffic area experiencing over 30,000 vehicles per day. The property offers multiple spaces ideal for a variety of uses, including medical, restaurant, and office/retail. Currently, there are three spaces available for lease: a 2,100 square foot second-generation restaurant space, a 2,030 square foot space, and an 1,820 square foot second-generation fitness space. The largest contiguous space available totals 3,850 square feet. A total of 5,950 square feet is currently vacant. This location boasts a prime position within Cinco Ranch, known for its high concentration of affluent residents, placing the property within one of the highest suburban income areas in the greater Houston metropolitan statistical area. The available spaces present a unique chance to establish a business in a high-visibility, high-traffic location with strong demographics. The second-generation spaces offer the advantage of existing infrastructure, potentially reducing build-out costs and time. This is an excellent opportunity for businesses seeking a well-established and successful retail environment. The property's strategic location and diverse space options make it an attractive investment for a variety of businesses looking to thrive in a prosperous community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2005
    Construction BRICK
    Total area 19,500 SF
    Lot 1.59 ac (69,260 SF)
    APN 1181830010004
    UPID US82-3681485
    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
    • Gentle Dental Care Dental Office
    • Katy Retreat Alternative Medicine Practice Spa & Massage Center
    • Scott McDowell - State Farm Insurance Agent Insurance Agency
    • EZ Floors Inc Carpet & Flooring Store Hardware & Home Improvement
    • Relief Maids Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $730k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $587k
    Blend (final) Blend
    $660k
    Owner & transaction history
    Wfh Bakersfield LLC · 3 yrs held
    Wfh Bakersfield LLC
    since 2022
    6 recorded transactions
    2022
    2021
    2017
    2014
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $990,000 +113.7%
    Warehouse, storage $935,000 +101.4%
    Retail stores $790,000 +70.7%
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