Property profile

20680 Westheimer Pkwy Katy, TX 77450

OFF-MARKET
Strip malls
Property ID
US82-3681485
19,500 SF 1.59 ac lot Built 2005
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Dental Office
  • Alternative Medicine Practice Spa & Massage Center
  • Insurance Agency
  • Carpet & Flooring Store Hardware & Home Improvement
  • Hardware & Home Improvement

Location

20680 Westheimer Pkwy Katy, TX 77450-6230
Katy metro Census 454902 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2022
6 recorded transactions
2022
Price N/A
2021
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $990,000 +113.7%
Warehouse, storage $935,000 +101.4%
Retail stores $790,000 +70.7%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 20680 Westheimer Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message