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    Property profile & analytics
    OFF-MARKET Estimated value $530,000
    Strip malls

    23135 Morton Rnch Rd, Katy, TX 77449-7832

    14,666 SF 1.06 ac lot Built 2021
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US83-0432707
    Property summary
    AI-generated overview

    This exceptional 13,850 square foot retail property, built in 2021, is situated on a 1.06-acre lot at the highly visible intersection of Grand Parkway (99) and Morton Ranch Road in Katy, Texas, zip code 77449. The single-story building features 66 parking spaces and currently has 1,600 square feet of vacant space available for lease. This prime location benefits from exceptional visibility and high traffic counts due to its strategic placement at a major intersection. The surrounding area boasts a thriving mix of retail centers, dining establishments, and entertainment options, creating a destination point for shoppers and diners, thus ensuring high foot traffic for your business. Katy, Texas is renowned for its pro-business environment, low taxes, and robust local economy, providing an ideal setting for business growth. The property's proximity to a rapidly expanding residential community, excellent schools, parks, and recreational facilities guarantees a steady stream of potential customers. The versatile and customizable space is adaptable to a wide range of business needs, offering ample parking and modern facilities. This is an unparalleled opportunity to establish your business in a dynamic and rapidly growing community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2021
    Construction STEEL FRAME
    Total area 14,666 SF
    Lot 1.06 ac (46,217 SF)
    APN 1393660010003
    UPID US83-0432707
    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
    • CoinFlip Bitcoin ATM Money Transfer Service Atm
    • La Machaka Tex-Mex Restaurant
    • Family Foot SPA Alternative Medicine Practice Spa & Massage Center
    • Texan Mattress Katy Furniture & Home Goods
    • Tailors Couture (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $585k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $475k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Katy Morton Property LLC · 3 yrs held
    Katy Morton Property LLC
    since 2023
    5 recorded transactions
    2023
    2019
    2019
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $620,000 +45.0%
    Industrial (general) $460,000 +7.7%
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