Property profile

22635 Morton Rnch Rd Katy, TX 77449

OFF-MARKET
Strip malls
Property ID
US83-1093014
17,578 SF 1.5 ac lot Built 2017
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction STEEL & CONCRETE
Total area 17,578 SF
Lot 1.5 ac (65,340 SF)
APN 1346750010004
UPID US83-1093014

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
  • Cafe & Coffee Shop
  • Restaurant
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon Nail Salon

Location

22635 Morton Rnch Rd Katy, TX 77449-6497
Katy metro Census 542901 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$536k
Blend (final) Blend
$565k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $745,000 +45.0%
Industrial (general) $555,000 +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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