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    4107 N Fry Rd Katy, TX 77449
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    4107 N Fry Rd Katy, TX 77449

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    • Retail space
    For Lease
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    Retail Center Pad Sites Available For Lease
    Contact for pricing

    Retail Center Pad Sites Available

    Newly constructed retail center with pad sites for lease.

    4107 N Fry Rd, Katy, TX 77449
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    Property ID
    US83-2800260
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Joe V's Smart Shop / Grocery & Convenience Store / Food Market
    • TIA-Texas Insurance Agency / Insurance Agency
    • Belleza Threading katy / Hair Salon / Nail Salon
    • Cellphones and Repairs / Mobile Phone Store / Electronics & Wireless Store
    • HEB ATM / Atm

    Property Details for 4107 N Fry Rd

    Property type
    Retail space
    Property subtype
    Commercial land

    Description

    Newly Constructed Joe V's Anchored Center with multiple pad sites for lease Located in a highly developed residential area totaling over 350,000 population count within a 5 mile radius

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.720527
    Latitude
    29.830734

    Comparable in this City

    • Contact for pricing

      Retail Space with Drive-Thru Potential

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      1,200 SF

      Retail Space Near Major Retailers

      Retail space available in high-traffic area near major retailers.
      23021-23027 Morton Ranch Rd, Katy, TX 77449
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      2,000 SF

      Retail Space on Morton Ranch

      Retail space available for lease on Morton Ranch Road.
      23021 Morton Ranch Rd, Katy, TX 77449
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      Retail Space Available For Lease

      Retail space available for lease in Katy, Texas.
      5828 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Space at Fry Road

      Retail space available at a signalized intersection in Katy, TX.
      2211 Fry Rd, Katy, TX 77449
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      Retail Center Shadow Anchored by Walmart

      Retail center in Katy, TX, shadow-anchored by Walmart.
      6078 N Fry Rd, Katy, TX 77449
      View Details

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      Katy Commercial Land For Sale

      User-ready commercial land with easy access to major highways.
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      Retail Development Opportunity on 0.84 Acres

      Prime corner location in a high-growth Houston retail corridor.
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      Fry Road Commercial Land Available

      Multiple tracts for sale or lease at Fry Road.
      4230 N Fry Rd, Katy, TX 77449
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      Grocery Anchored Shopping Center Land

      Land intended for a grocery anchored shopping center.
      Katy TX Clay Rd @ Westgreen Blvd, Katy, TX 77449
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      7,684 SF

      Retail Property on Fry Road

      Retail property with high visibility and strong traffic counts.
      2125 North Fry Rd, Katy, TX 77449
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    Similar Nearby for Lease

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      Retail Space at Fry Road

      Retail space available at a signalized intersection in Katy, TX.
      2211 Fry Rd, Katy, TX 77449
      View Details
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      Retail Space Available For Lease

      Retail space available for lease in Katy, Texas.
      5828 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Center Shadow Anchored by Walmart

      Retail center in Katy, TX, shadow-anchored by Walmart.
      6078 N Fry Rd, Katy, TX 77449
      View Details
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      14,262 SF

      Retail Space Near Grand Parkway

      Retail space for lease, close to Grand Parkway.
      5828 N Fry Rd, Katy, TX 77449
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      Retail Center Pre-Leasing Opportunity

      Commercial retail center pre-leasing with high visibility and access.
      7041 N Fry Rd, Katy, TX 77449
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      Retail Space For Lease

      Retail spaces available for lease in Katy, Texas.
      23021 Morton Ranch Rd, Katy, TX 77449
      View Details
    View Listing
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    Katy, TX 77449
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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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