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Property profile & analytics
FOR LEASE
Retail space

6078 N Fry Rd Katy, TX 77449

20,354 SF 1.66 ac lot Built 2004
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US82-4815163
Property summary
AI-generated overview

Shops on Fry offers a prime 2,333 square foot retail space within a 20,000 square foot center in Katy, Texas, situated at the highly visible southeast corner of Fry Road and Little York Road. This single-story building, constructed in 2005, benefits from exceptional visibility and traffic counts exceeding 47,000 vehicles per day at this signalized intersection. Two prominent monument signs enhance visibility. The property is shadow-anchored by a 24-hour Walmart Supercenter, ensuring consistent high traffic flow. The space is part of a multi-tenant building, with the majority of existing tenants having renewed their leases, indicating a stable and desirable location. Tenants are responsible for all NNN expenses, including management fees. The surrounding demographics are strong, boasting an average household income of $83,121 within a five-mile radius and a population of 257,486 (2014 data), experiencing rapid growth. Katy's strategic location along Highway 99 and I-10, near the Energy Corridor and west of downtown Houston, further enhances its appeal. Katy's nationally acclaimed school system and its designation as one of Texas' most desirable places to live contribute to the area's robust growth and desirability. Currently, 3,351 square feet of space is vacant within the building, presenting an excellent opportunity for expansion or multiple tenants. The property is located in Harris County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction STEEL FRAME
Total area 20,354 SF
Lot 1.66 ac (72,510 SF)
APN 1256390010001
UPID US82-4815163
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
  • HEADLINE HAIRCUTS & DESIGNS (Located @ THE BARBER COLLECTION) Barber Shop
  • Fashion Nails & Spa Nail Salon
  • Millennium Cleaners (Bike/Boat/Book/etc) Store
  • Hungen Plumbing Co. Hardware & Home Improvement General Contractor
  • Cafe Cuba Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$793k
Blend (final) Blend
$615k
Owner & transaction history
Citadel Asset Holdings LLC · 10 yrs held
Citadel Asset Holdings LLC
since 2016
3 recorded transactions
2016
Price N/A
2014
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $865,000 +34.8%
Industrial (general) $640,000 +0.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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