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Property profile & analytics
OFF-MARKET Estimated value $9,210,000
Office buildings

23033 Grand Cir Blvd Katy, TX 77449-2460

39,543 SF 1.78 ac lot Built 2017
Individually Owned 9-yr Hold Free & Clear
Property ID
US82-7506812
Property summary
AI-generated overview

This exceptional freestanding retail building, known as Grand Circle Center, presents a prime leasing opportunity in the thriving Katy, Texas market. Located at 23033 Grand Circle Blvd, 77449, this property boasts a total of 24,500 square feet, with 3,573 square feet currently available for lease. The building is situated on a substantial 1.78-acre lot encompassing 77,537 square feet, providing ample space and visibility. The property's classification as a multi-tenant building offers flexibility and potential for various retail businesses. Its location in Harris County ensures easy access to major transportation routes and a dense population base. The available 3,573 square feet presents a unique chance to establish or expand a retail presence in a high-traffic area. This freestanding structure offers excellent visibility and independent branding opportunities, unlike spaces within larger shopping centers. The substantial lot size allows for ample parking and potential for future expansion or outdoor amenities. This property is ideal for businesses seeking a prominent location with high visibility and convenient access for customers. The existing infrastructure and ample space make it a turnkey solution for a variety of retail concepts. Serious inquiries are encouraged to explore this exceptional leasing opportunity in the dynamic Katy market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Construction STEEL FRAME
Total area 39,543 SF
Lot 1.78 ac (77,528 SF)
APN 1213880030001
UPID US82-7506812
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
  • Katy Grand Dental Dental Office
  • NewVision Title Title Company
  • Allegiance Title Company Katy Title Company
  • Energy Realty Real Estate Agency
  • Newmark Homes Design Studio Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.21M
Blend (final) Blend
$9.21M
Owner & transaction history
Newmark Hms Houston Purchasing · 9 yrs held
Newmark Hms Houston Purchasing
since 2017
6 recorded transactions
2019
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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