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    Property profile & analytics

    23645 Katy Fwy Katy, TX 77494-7221

    • Outlet malls
    • 165,940 SF
    • 14.07 lot acres
    OFF-MARKET
    Value Estimations
    $1,690,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9779577
    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

    • Costco Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Costco Bakery / Bakery / Specialty Food Shop
    • EyeCo Vision Care / Physician
    • Costco Vision Center / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • COSTCO PHARMACY / Pharmacy

    Property Details for 23645 Katy Fwy

    Year built
    2013
    Construction
    CONCRETE BLOCKS
    Lot size
    14.07 lot acres
    Property size
    165,940 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    1346160050001
    APU
    1346160050001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7809
    Latitude
    29.7828
    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
    $314,591
    $9,192,030
    $8,026,125
    $17,218,155
    -
    $9,192,030
    $8,026,125
    $17,218,155

    Comparable in this City

    • Value Estimation
      $1,985,000
      204,410 SF

      25108 Market Pl Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 204,410 SF
      25108 Market Pl Dr, Katy, TX 77494-4430
      View Details
    • Value Estimation
      $1,595,000
      52,456 SF

      25024 Katy Ft Bnd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 52,456 SF
      25024 Katy Ft Bnd Rd, Katy, TX 77494
      View Details
    • Value Estimation
      $995,000
      81,290 SF

      24633 Katy Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 81,290 SF
      24633 Katy Fwy, Katy, TX 77494
      View Details
    • Value Estimation
      $1,265,000
      110,505 SF

      24600 Katy Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 110,505 SF
      24600 Katy Fwy, Katy, TX 77494-7805
      View Details
    • Value Estimation
      $690,000
      31,616 SF

      23811 Katy Fwy

      WHOLESALE OUTLET, DISCOUNT STORE • 31,616 SF
      23811 Katy Fwy, Katy, TX 77494-7336
      View Details
    • Value Estimation
      $1,730,000
      152,348 SF

      444 Katy Vlg Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 152,348 SF
      444 Katy Vlg Pkwy, Katy, TX 77494-4515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,942 SF

      Katy Retail Center For Sale

      14,942 SF retail center on 1.23 acres, 100% leased.
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    • $850,000

      Katy Auto Shop For Sale

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      7,000 SF

      Retail Space For Sale

      Retail space available for purchase.
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      11,800 SF

      Katy Automotive Property For Sale

      11,800 sq. ft. building on 1.25 acres in Katy.
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      7,000 SF

      Katy Retail/Restaurant Space Available

      Prime location near H-E-B and Katy Mills Mall.
      1425 Fm 1463 Rd, Katy, TX 77494
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    • $180,000

      Katy Vacant Land For Sale

      Commercial land in Katy, TX, near City Hall and Katy Mills.
      5726 South St, Katy, TX 77494
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Katy Retail Center Fronting I-10

      40,000 sq ft retail center with I-10 visibility.
      24025 Katy Fwy, Park Row, TX 77494
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    • 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
      9,506 SF

      Retail Space Near HEB, I-10

      Retail space available in HEB shadow-anchored development with I-10 exposure.
      25785 Katy Fwy, Katy, TX 77494
      View Details
    • Contact for pricing

      Class A+ Retail Center

      Retail center with restaurant-ready spaces, construction starting March 2025.
      28511 Katy Fwy, Katy, TX 77494
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    • Contact for pricing

      Retail Space in Cinco Ranch

      Retail space for lease in Katy, Texas shopping center.
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Fulshear, Texas.
      1463 & Fulshear Bnd Dr, Fulshear, TX 77494
      View Details
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    23645 Katy Fwy
    Katy, TX 77494-7221
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    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
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