Technical
Financial
Distress signals
Property profile

21927 Clay Rd Katy, TX 77449

OFF-MARKET
Strip malls
Property ID
US83-0934588
20,388 SF 1.96 ac lot Built 2017
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1-story, 15,737 square foot building, constructed in 2018, offers 1,500 square feet of immediately available office space in a prime Katy, Texas location. Situated at the southeast corner of Grand Parkway (Highway 99) and Clay Road, this property boasts excellent visibility and accessibility. The space is ideal for executive or medical office use, featuring a "vanilla box" layout ready for tenant build-out. The building benefits from a strong tenant mix, including Fresenius Dialysis and Paragon Infusion therapy. Enjoy convenient cross-access with a CVS Pharmacy and ample parking with 124 spaces. This location is experiencing significant growth, with nearly 6,000 new homes planned or under construction within a 3-mile radius, along with three new Katy ISD schools in the pipeline. Two prominent 36-foot pylon signs on Grand Parkway and Clay Road provide exceptional signage opportunities. The property is located in Harris County's Far West submarket, at 21927 Clay Rd, Katy, TX 77449, and is easily accessible from the major east-west thoroughfare, Clay Road. A new 433,000+ square foot industrial park is also under development across Grand Parkway, further enhancing the area's appeal and potential for future growth. This is a rare opportunity to secure space in a thriving commercial center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction STEEL FRAME
Total area 20,388 SF
Lot 1.96 ac (85,247 SF)
APN 1381710020001
UPID US83-0934588

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
  • Nail Salon
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

21927 Clay Rd Katy, TX 77449-0816
Katy metro Census 542901 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$693k
Blend (final) Blend
$615k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $865,000 +45.0%
Industrial (general) $640,000 +7.7%

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
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