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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Strip malls
402 Grand S Pkwy, Katy, TX 77494-8333
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2103026
Property summary
AI-generated overview
This turnkey opportunity presents a profitable Chinese restaurant for sale in Katy, Texas. Located at the high-traffic intersection of Katy Freeway and SH-99, this 3,000 square foot establishment boasts a strong takeout business, resulting in lower labor costs due to reduced staffing needs. The restaurant benefits from a loyal customer base and consistent dine-in and takeout orders. Its prime location ensures high visibility and easy customer access. All equipment, furnishings, and fixtures are included in the sale price of $160,000, making this a truly turnkey operation. The spacious interior offers ample room for dine-in service or expansion of delivery services. This well-established restaurant is ready for continued success in a rapidly growing area, presenting a significant opportunity for an experienced owner to step into a profitable business immediately. The property is situated at 402 W Grand Pkwy S, Katy, TX 77494, within Harris County.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE BLOCKS
Total area
101,052 SF
Lot
7.34 ac (319,543 SF)
APN
1255770010001
UPID
US82-2103026
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
-
Top Dog GROOMING Pet Grooming Service
-
Fred Astaire Dance Studios Training Center
-
China Inn Cafe Restaurant
-
Godfather's Pizza Restaurant
-
Your Local Computer Store Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Guo Brothers Holding LLC · 13 yrs held
Guo Brothers Holding LLC
since 2013
3 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
$11 / SF
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
$199,097
Tax year 2022
Assessed value
$11,634,434
Assessed 2024
Previous assessed
$11,347,883
+2.5% YoY
Effective rate
1.71%
On assessed value
Assessed land
$4,523,123
Assessed improvement
$7,111,311
Land market value
$4,523,123
Improvement market value
$7,111,311
Total market value
$11,634,434
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
101,052 SF
Lot
7.34 ac (319,543 SF)
APN
1255770010001
UPID
US82-2103026
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
2004
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
7.34 ac
Current owner
From public records · entity-resolved
Guo Brothers Holding LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1900 WW LOOP S STE #1300, HOUSTON, TX 77027-3218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2013
—
Guo Brothers Holding LLC
402 West Grand Parkway Holding
Grant Deed
related
—
Feb 23, 2011
—
West Grand Parkway Holdin 402
Windsor At Grand Parkway LP
Grant Deed
related
—
Jun 4, 2010
—
Windsor At Grand Parkway LP
Wilvimar LLC
Grant Deed
related
—
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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