Property profile

2404 Texmati Dr Katy, TX 77494

OFF-MARKET
Strip malls
Property ID
US82-9280855
25,388 SF 2.12 ac lot Built 2016
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Carpet & Flooring Store Hardware & Home Improvement
  • Courier Service Postal Service
  • Social Service Agency
  • (Bike/Boat/Book/etc) Store
  • Restaurant

Location

2404 Texmati Dr Katy, TX 77494-1700
Katy metro Census 455300 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2020
6 recorded transactions
2020
Price N/A
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $770,000 +26.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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