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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
6841 Fry Rd Katy, TX 77449-5856
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9162666
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
METAL FRAME
Total area
15,960 SF
Lot
2.51 ac (109,248 SF)
APN
1284670010003
UPID
US82-9162666
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
-
Fat Tuesday Fry Rd Bar & Pub
-
CoinFlip Bitcoin ATM Atm Bank
-
Lets Taco Bout It KTX Restaurant
-
A.C Tacos Tortas Y Mas (Food Truck) Restaurant
-
Sandy Barber Shop & Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$580k
Owner & transaction history
Mahavir Business INC · 6 yrs held
Mahavir Business INC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$675,000
+34.8%
Industrial (general)
$505,000
+0.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$500,000
Current use
WAREHOUSE, STORAGE
$675,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$505,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$36 / 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
$33,908
Tax year 2022
Assessed value
$4,812,843
Assessed 2024
Previous assessed
$4,935,347
-2.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,638,720
Assessed improvement
$3,174,123
Land market value
$1,638,720
Improvement market value
$3,174,123
Total market value
$4,812,843
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
15,960 SF
Lot
2.51 ac (109,248 SF)
APN
1284670010003
UPID
US82-9162666
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$675,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
RETAIL STORES Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
2.51 ac
Current owner
From public records · entity-resolved
Mahavir Business INC
Entity
Mailing address
17402 GALLOWAY FRST DR, RICHMOND, TX 77407-1950
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
—
Mahavir Business INC
Ajay K Jain
Warranty Deed
$4,900,000 · Allegiance Bk
Dec 2, 2016
—
Ajay K Jain
Hi Fry 10 18 Ltd
Venders Lien
$837,600 · Texan Bank
Aug 1, 2011
—
Hi Of Fry 10 Ltd
Proguard Mini Storage Ltd
Grant Deed
$600,000 · Texas Capital Bank NA
—
—
Proguard Mini Storage Ltd
—
Deed Of Trust
related
$220,000 · First Community Bank
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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