Property profile

22603 Morton Rnch Rd Katy, TX 77449

OFF-MARKET
Strip malls
Property ID
US82-6544842
18,395 SF 1.5 ac lot Built 2020
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,250 square foot traditional office space is located within Morton Ranch Plaza II at 22603 Morton Ranch Rd, Katy, TX 77449. Built in 2020, this second-generation retail space offers immediate occupancy in a prime location along Morton Ranch Road, benefiting from excellent visibility and high traffic counts. The property is situated in a rapidly growing area of Katy, providing easy access to Grand Parkway 99, ensuring convenient commutes for employees and customers. The space is ideal for a variety of businesses seeking a modern, well-maintained office environment. Minimal maintenance is anticipated due to the building's recent construction. This is a single available space within a multi-tenant building, offering a thriving business environment. The property's location within Katy, Texas, provides access to a robust local economy and a strong consumer base. This presents a unique opportunity for businesses to establish a strong presence in a high-demand area. The space is ready for immediate lease and offers the potential for significant growth and success.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Construction FRAME
Total area 18,395 SF
Lot 1.5 ac (65,340 SF)
APN 1346750010005
UPID US82-6544842

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
  • Restaurant
  • Restaurant
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Restaurant

Location

22603 Morton Rnch Rd Katy, TX 77449-7334
Katy metro Census 542901 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$531k
Blend (final) Blend
$580k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Warehouse, storage $780,000 +45.0%
Industrial (general) $580,000 +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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