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    22121 Katy Fwy Katy, TX 77450
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    22121 Katy Fwy Katy, TX 77450

    View on Map
    • Strip malls
    • 14,332 SF
    • 1.00 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Prime Retail Space in Katy For Lease
    $22 SF/Yr
    1,100 SF

    Prime Retail Space in Katy

    Versatile retail space in excellent condition with ample parking.

    22121 Katy Freeway, Katy, TX 77450
    View Listing
    Property ID
    US82-1037966
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kassa Mall Home Furniture & Mattress / Furniture & Home Goods
    • Hi Beautiful Aesthetics Katy / Spa & Massage Center

    Property Details for 22121 Katy Fwy

    Year built
    1984
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    14,332 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1071390000035
    APU
    1071390000035

    Description

    This exceptional 874-square-foot retail storefront is ideally situated at 22121 Katy Freeway in Katy, Texas, within the vibrant Katy Freeway Plaza. Located in Harris County, zip code 77450, this property presents a unique opportunity for businesses seeking high visibility and convenient access. The entire space is currently vacant, offering a blank canvas for a new tenant to customize to their specific needs. The property type is classified as retail, specifically a storefront tenancy, making it perfect for a variety of businesses. The multiple tenancy structure suggests a potential for synergy with neighboring businesses within the plaza. With its prime location on the Katy Freeway, this property benefits from high traffic volume and excellent exposure to potential customers. The address is easily accessible, offering convenient access for both employees and customers. This 874 square foot space provides ample room for a variety of retail concepts, offering a significant opportunity for growth and success in the thriving Katy market. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.756
    Latitude
    29.7843
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $44,236
    $1,089,000
    $1,561,335
    $2,650,335
    -
    $1,089,000
    $1,561,335
    $2,650,335

    Comparable in this City

    • Value Estimation
      $810,000
      32,068 SF

      1550 Mason Rd

      SHOPPING CENTER, STRIP CENTER • 32,068 SF
      1550 Mason Rd, Katy, TX 77450-4558
      View Details
    • Value Estimation
      $660,000
      29,123 SF

      1630 Mason Rd

      SHOPPING CENTER, STRIP CENTER • 29,123 SF
      1630 Mason Rd, Katy, TX 77450-4563
      View Details
    • Value Estimation
      $575,000
      27,131 SF

      20660 Westheimer Pkwy

      SHOPPING CENTER, STRIP CENTER • 27,131 SF
      20660 Westheimer Pkwy, Katy, TX 77450-5935
      View Details
    • Value Estimation
      $520,000
      16,354 SF

      1321 Westgreen Blvd

      SHOPPING CENTER, STRIP CENTER • 16,354 SF
      1321 Westgreen Blvd, Katy, TX 77450
      View Details
    • Value Estimation by Request
      18,381 SF

      1115 Mason Rd

      SHOPPING CENTER, STRIP CENTER • 18,381 SF
      1115 Mason Rd, Katy, TX 77450-3842
      View Details
    • Value Estimation by Request
      17,348 SF

      1270 Mason Rd, Unit 1

      SHOPPING CENTER, STRIP CENTER • 17,348 SF
      1270 Mason Rd, Katy, TX 77450-4552
      View Details

    Similar Nearby for Sale

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      El Pollo Loco Katy, TX NNN Lease

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      8,737 SF

      Katy Retail Investment Opportunity

      Retail property in Katy, TX, with NNN lease agreements.
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      4,584 SF

      Versatile Commercial Property in Katy, TX

      Adaptable commercial property with stable income stream in prime location.
      20621 Westheimer Pkwy, Katy, TX 77450
      View Details
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      7,200 SF

      Katy Retail Showroom with Warehouse

      7,200 SF retail showroom with warehouse space in Katy.
      1155 Mason Rd, Katy, TX 77450
      View Details
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      5,733 SF

      Westgreen Boulevard Office Building

      5,733 SF office building on approximately 1 acre.
      518 Westgreen Blvd, Katy, TX 77450
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Katy, Texas

      15,000 SF retail center in Katy, Texas for lease.
      21040 Highland Knolls Dr, Katy, TX 77450
      View Details
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      Established Shopping Center in Katy

      Well-located shopping center with high-income customer base.
      5536 S Peek Rd, Katy, TX 77450
      View Details
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      Grocery-Anchored Retail Space in Katy

      Retail property in Katy, TX, anchored by Kroger.
      22010-22140 Westheimer Pkwy, Katy, TX 77450
      View Details
    • Contact for pricing

      Applewhite Place Retail Center

      21,685 SF strip center near I-10 in Katy, TX.
      138-180 Applewhite Dr, Katy, TX 77450
      View Details
    • Contact for pricing

      Move-in Ready Retail Space

      5700 SF retail space available for lease.
      20425 Katy Fwy, Katy, TX 77450
      View Details
    • Contact for pricing

      Katy Retail Space with Drive-Thru

      Retail space with drive-thru in Kelliwood area of Katy.
      1615 S Fry Rd, Katy, TX 77450
      View Details
    View Listing
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    Katy, TX 77450
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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