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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22225 Fm 529th Rd Katy, TX 77493-5362

    • Outlet malls
    • 158,943 SF
    • 11.60 lot acres
    OFF-MARKET
    Value Estimations
    $14,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4978144
    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.

    Current Use by Public Records

    • Mattress Firm Plaza at Elyson / Bed Shop / Mattress Store
    • Brilliant Eye Doctors / Optometrist
    • AT&T Store / Cell Phone Accessory Store / Telecommunications Service Provider
    • Milano Nail Spa Elyson / Nail Salon

    Property Details for 22225 Fm 529th Rd

    Year built
    2022
    Lot size
    11.60 lot acres
    Property size
    158,943 SF
    Property type
    Outlet malls
    APN
    1446730010002
    APU
    1446730010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,368,000
      Market price range: $7.23M - $20.5M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,995,000
      Current use
      COMMERCIAL (GENERAL)
      $17,005,000
      Change: +31% Conversion: Easy
      RESTAURANT
      $13,475,000
      Change: +4% Conversion: Easy
      OFFICE BUILDING
      $13,045,000
      Change: +0% Conversion: Easy
      MEDICAL BUILDING
      $11,760,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7587
    Latitude
    29.8732
    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
    $130,005
    $5,910,180
    $16,943,673
    $22,853,853
    -
    $5,910,180
    $16,943,673
    $22,853,853

    Comparable in this City

    • Value Estimation
      $570,000
      15,048 SF

      23015 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER • 15,048 SF
      23015 Fm 529th Rd, Katy, TX 77493-5065
      View Details
    • Value Estimation
      $515,000
      20,020 SF

      23053 Clay Rd

      SHOPPING CENTER, STRIP CENTER • 20,020 SF
      23053 Clay Rd, Katy, TX 77493-8142
      View Details
    • Value Estimation
      $560,000
      27,110 SF

      1602 Ave D D

      SHOPPING CENTER, STRIP CENTER • 27,110 SF
      1602 Ave D D, Katy, TX 77493-3891
      View Details
    • Value Estimation
      $550,000
      18,299 SF

      23945 Franz Rd

      SHOPPING CENTER, STRIP CENTER • 18,299 SF
      23945 Franz Rd, Katy, TX 77493-2598
      View Details
    • Value Estimation
      $520,000
      13,332 SF

      1806 Ave D D

      SHOPPING CENTER, STRIP CENTER • 13,332 SF
      1806 Ave D D, Katy, TX 77493-1621
      View Details
    • Value Estimation by Request
      16,890 SF

      5502 1st St

      SHOPPING CENTER, STRIP CENTER • 16,890 SF
      5502 1st St, Katy, TX 77493-2472
      View Details

    Similar Nearby for Sale

    • $4,990,000
      16,069 SF

      Retail Center in Katy, Texas

      Retail/Professional center with 16,069 SF net rentable area.
      1602 Avenue D, Katy, TX 77493
      View Details
    • $3,500,000
      16,900 SF

      Katy Retail Center Investment Opportunity

      Multi-tenant retail center in Katy, TX, 95% occupied.
      811 Avenue D, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy 27-Acre Development Land

      Prime Katy location, unrestricted zoning.
      27450 Longenbaugh Rd, Katy, TX 77493
      View Details
    • $1,200,000
      1,450 SF

      Katy Retail Investment Opportunity

      Prime Katy location, 1,450 SF, vacant.
      777 Cane Island Pkwy, Katy, TX 77493
      View Details
    • $900,000
      2,522 SF

      Mixed-Use Property with Metal Buildings

      Mixed-use property featuring a home and two metal buildings.
      1402 East Ave, Katy, TX 77493
      View Details
    • $2,296,912
      2,000 SF

      Katy HTeaO NNN Lease

      High-growth QSR investment. Strong tenant, prime location.
      1935 Avenue D, Katy, TX 77493
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      3,900 SF

      New Retail Center in Katy

      3,900 SF retail space in a prime Katy location.
      24515 Morton Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      168,251 SF

      Katy Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      0 Nec Of Katy Hockley Cutoff Rd. And Morton Rd, Katy, TX 77493
      View Details
    • $34 SF/Yr
      19,500 SF

      Shops at Katy Lakes: Prime Retail

      New Retail Center, Katy, TX. High Growth Area.
      0 Undefined Tx, Katy, TX 77493
      View Details
    • $18 SF/Yr
      16,500 SF

      Katy 5th Business Park Flex Space

      1,500 SF Flex Space - Katy, TX. Immediate Occupancy.
      5350 5Th St, Katy, TX 77493
      View Details
    • $2 SF/Yr
      7,648 SF

      Katy Industrial Park Mixed-Use Opportunities

      New industrial park in Katy with flexible mixed-use spaces.
      5713 13Th St, Katy, TX 77493
      View Details
    • Contact for pricing
      6,000 SF

      Katy Hockley Retail Space - 6,000 SF

      High-traffic retail space, new construction.
      5015 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
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    Katy, TX 77493-5362
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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.

    More about this property
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