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    Property profile & analytics
    OFF-MARKET Estimated value $580,000
    Strip malls

    22603 Morton Rnch Rd, Katy, TX 77449-7334

    18,395 SF 1.5 ac lot Built 2020
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US82-6544842
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hangry Joe's Hot Chicken & Wings Restaurant
    • That's My Dog Restaurant
    • Win Massage Alternative Medicine Practice Spa & Massage Center
    • Greenhouse CBD Smoke & Vape (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Tortas Las Llardas Restaurant
    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
    JWC LANDMARK PROPERTY LLC
    JWC LANDMARK PROPERTY LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $780,000 +45.0%
    Industrial (general) $580,000 +7.7%
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