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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
24002 Franz Rd Katy, TX 77493-2652
Entity Owned
~
Est. High Equity
Property ID
US82-8015859
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2013
Construction
CONCRETE BLOCKS
Total area
3,640 SF
Lot
0.6 ac (26,315 SF)
APN
1136500000036
UPID
US82-8015859
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
-
Chevron Grocery & Convenience Store
-
Uncle Chubby's Fried Catfish & Chicken Restaurant Take-out & Catering
-
Atreyu's Shaved Ice Restaurant
-
Western Union Bank Credit Union
-
Amazon Locker - Barrelling Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Franz Venture LLC
Franz Venture LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,780
Tax year 2022
Assessed value
$976,736
Assessed 2024
Previous assessed
$1,013,375
-3.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$263,140
Assessed improvement
$713,596
Land market value
$263,140
Improvement market value
$713,596
Total market value
$976,736
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2013
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
3,640 SF
Lot
0.6 ac (26,315 SF)
APN
1136500000036
UPID
US82-8015859
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Franz Venture LLC
Entity
Mailing address
24002 FRANZ RD, KATY, TX 77493-2652
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
Franz Venture LLC
Ambu Business LLC
Deed
$2,080,000 · Southstar Bank Ssb
Aug 4, 2025
—
Ambu Business LLC
—
Deed
related
$1,010,258 · Pioneer Mutual FCU
Sep 25, 2019
—
Ambu Ent LLC
Ask Khairani Properties LLC
Warranty Deed
$1,480,000 · Allegiance Bk
Apr 8, 2016
—
Ask Khairani Properties LLC
Spring Team 3 LLC
Warranty Deed
$1,360,000 · Celtic Bk
Jun 3, 2014
—
Spring Team 3 LLC
Tn Express INC
Warranty Deed
$835,000 · American First Nat'l Bk
Mar 15, 2013
—
Tn Express INC
Phan,anh T
Grant Deed
related
—
Jan 7, 2010
—
Anh T Phan
Nguyen,timothy
Warranty Deed
related
—
May 6, 2008
—
Timothy Nguyen
Nguyen,khoa
Quit Claim Deed
related
—
—
—
Tn Express INC
—
Deed Of Trust
related
$200,000 · American First National Bank
—
—
Tn Express INC
—
Deed Of Trust
related
$835,000 · American First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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