Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23441 Kingsland Blvd Katy, TX 77494-8060

    • Strip malls
    • 21,140 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9242161
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pediatricz Now Kingsland / Pediatric Clinic

    Property Details for 23441 Kingsland Blvd

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    2.14 lot acres
    Property size
    21,140 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1313420010001
    APU
    1313420010001

    Description

    The Shops at Cobia, located at 23441 & 23445 Kingsland Blvd in Katy, Texas (zip code 77494), offers exceptional retail space for lease in Harris County. This two-building property boasts a total of 20,150 square feet, with a flexible layout accommodating various business needs. Currently, there is 11,310 square feet of vacant space available, divisible into units as small as 4,485 square feet. Larger contiguous spaces of up to 6,825 square feet are also available, providing options for businesses of different sizes. The property's prime location in Katy offers excellent visibility and accessibility, making it an ideal location for retailers seeking a thriving market. The property is classified as multi-tenant retail space. This presents a unique opportunity for businesses to establish a strong presence in a vibrant community. Interested parties are encouraged to inquire about lease terms and available space configurations. The property is situated at 29.771489 latitude and -95.781829 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $509,000
      Market price range: $138k - $652k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $510,000
      Current use
      WAREHOUSE, STORAGE
      $1,015,000
      Change: +99% Conversion: Difficult
      RETAIL STORES
      $640,000
      Change: +26% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7818
    Latitude
    29.7715
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $65,454
    $1,401,540
    $2,443,107
    $3,844,647
    -
    $1,401,540
    $2,443,107
    $3,844,647

    Comparable in this City

    • Value Estimation
      $285,000
      36,325 SF

      403 Grand S Pkwy

      SHOPPING CENTER, STRIP CENTER • 36,325 SF
      403 Grand S Pkwy, Katy, TX 77494-8358
      View Details
    • Value Estimation
      $535,000
      16,851 SF

      23225 Kingsland Blvd

      SHOPPING CENTER, STRIP CENTER • 16,851 SF
      23225 Kingsland Blvd, Katy, TX 77494-2868
      View Details
    • Value Estimation
      $545,000
      16,529 SF

      23010 Highland Knls Blvd

      SHOPPING CENTER, STRIP CENTER • 16,529 SF
      23010 Highland Knls Blvd, Katy, TX 77494-8345
      View Details
    • Value Estimation
      $595,000
      8,960 SF

      23523 Katy Fwy

      SHOPPING CENTER, STRIP CENTER • 8,960 SF
      23523 Katy Fwy, Katy, TX 77494-1334
      View Details
    • Value Estimation
      $710,000
      25,388 SF

      2404 Texmati Dr

      SHOPPING CENTER, STRIP CENTER • 25,388 SF
      2404 Texmati Dr, Katy, TX 77494-1700
      View Details
    • Value Estimation
      $600,000
      101,052 SF

      402 Grand S Pkwy

      SHOPPING CENTER, STRIP CENTER • 101,052 SF
      402 Grand S Pkwy, Katy, TX 77494-8333
      View Details

    Similar Nearby for Sale

    • $850,000

      Katy Auto Shop For Sale

      Auto shop property in Katy's Old Towne neighborhood.
      5458 Roberts Rd, Katy, TX 77494
      View Details
    • Contact for pricing
      7,308 SF

      AutoZone in Jordan Ranch, TX

      High-traffic auto shop, 15-year lease.
      0 Jordan Crossing Blvd, Brookshire, TX 77494
      View Details
    • $10,416,758
      19,575 SF

      Commons at Jordan Ranch: Katy, TX

      19,575 SF Retail Strip Center, 6% Cap Rate
      2340 Texas Heritage Pkwy, Katy, TX 77494
      View Details
    • $5,734,080
      1.23 Acres

      Katy Retail Center: Prime Location

      100% Leased Retail Center, High NOI
      2212 Katy Flewellen Rd, Katy, TX 77494
      View Details
    • $330,000
      853 SF

      Katy Luxury Garage Condo Investment

      High-end, income-producing garage condo.
      1435 Fm 1463 -, Katy, TX 77494
      View Details
    • Contact for pricing
      7,381 SF

      Katy Land Available For Sale

      Land available for sale in Katy, Texas.
      1958 Fm 1463 Rd, Katy, TX 77494
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      14,643 SF

      Katy Retail Center Investment Opportunity

      Five retail spaces available in prime Katy location.
      25830 Westheimer Pkwy, Katy, TX 77494
      View Details
    • Contact for pricing
      40,000 SF

      Katy I-10 Retail Space Available

      Prime Katy location, 2,400 sq ft retail space.
      24025 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing
      3,500 SF

      Kroger-Anchored Retail Space in Katy

      Retail and restaurant spaces available in a growing Katy location.
      1713 Spring Green Blvd, Katy, TX 77494
      View Details
    • Contact for pricing
      12,692 SF

      Fulshear Bend Retail Center - For Lease

      12,692 SF Retail Space, Katy, TX
      1463 & Fulshear Bnd Dr, Katy, TX 77494
      View Details
    • Contact for pricing
      96,545 SF

      Katy Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      1093 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing
      11,704 SF

      Katy Retail Space Available

      Prime Katy end-cap, 2,309 SF
      1417 Fm 1463 Rd, Katy, TX 77494
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23441 Kingsland Blvd
    Katy, TX 77494-8060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.