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    Property profile & analytics
    OFF-MARKET Estimated value $615,000
    Strip malls

    21927 Clay Rd, Katy, TX 77449-0816

    20,388 SF 1.96 ac lot Built 2017
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US83-0934588
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Nail House Nail Salon
    • Serenity Dental of Katy Dental Office
    • Jeffrey Chung Dental Office
    • Johnson Cheng Dental Office
    • Natalie Vos Dental Office
    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
    Quattro Clay LLC · 8 yrs held
    Quattro Clay LLC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $865,000 +45.0%
    Industrial (general) $640,000 +7.7%
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