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    Property profile & analytics
    OFF-MARKET Estimated value $710,000
    Strip malls

    2404 Texmati Dr, Katy, TX 77494-1700

    25,388 SF 2.12 ac lot Built 2016
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-9280855
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 2404 Texmati Dr, Katy, TX 77494, offering 5,384 square feet of immediately available space within the vibrant Katy Mills District. The property, built in 2016, boasts a total of 23,534 square feet and is situated on a 2.47-acre lot, providing ample space and visibility. The flexible layout allows for divisibility, with a minimum leasable space of 2,000 square feet and a maximum contiguous space of 5,384 square feet, catering to a variety of business needs. Benefit from the high traffic counts and activity generated by the neighboring Katy Mills Mall and its proximity to I-10, ensuring significant exposure to potential customers. The property features 120 parking spaces, providing convenient access for both employees and patrons. This prime location, combined with its modern construction and flexible space options, presents a compelling investment opportunity for businesses seeking a thriving retail environment in the heart of Katy, Texas. The property is currently multi-tenant, with national and regional tenants already established. This presents a chance to join a successful retail community and benefit from the existing synergy.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2016
    Construction CONCRETE BLOCKS
    Total area 25,388 SF
    Lot 2.12 ac (92,395 SF)
    APN 1199120000027
    UPID US82-9280855
    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
    • Floors For Living Carpet & Flooring Store Hardware & Home Improvement
    • Amazon Hub Counter - Watertree Cinco Ranch Courier Service Postal Service
    • National Cremation Service Social Service Agency
    • Gomez Boot Ranch Katy (Bike/Boat/Book/etc) Store
    • Kokai Sushi and Lounge Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $660k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $764k
    Blend (final) Blend
    $710k
    Owner & transaction history
    2404 Texmati Center LLC · 6 yrs held
    2404 Texmati Center LLC
    since 2020
    6 recorded transactions
    2020
    2019
    2015
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $770,000 +26.3%
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