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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7613 Katy Fwy Houston, TX 77024

    • Strip malls
    • 16,880 SF
    • 0.93 lot acres
    For Lease
    View listing
    $32 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3479302
    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.

    Current Use by Public Records

    • Tune Up; The Manly Salon - i10 & Silber / Hair Salon / Barber Shop
    • FIGHT SHOP / Sporting Goods Store
    • Sherwin-Williams Paint Store / Home Improvement Store / Paint Manufacturer
    • Dennis Uniform / Uniform Store
    • Güzel Cakes Gourmet Desserts / Bakery

    Property Details for 7613 Katy Fwy

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.93 lot acres
    Property size
    16,880 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    690140030048
    APU
    690140030048

    Description

    This exceptional retail space, located at 7613 Katy Freeway in Houston, Texas, presents a prime opportunity for businesses seeking a vibrant location within Harris County. The property, known as Katy Freeway Marketplace, offers a total of 15,387 square feet of retail space, with one unit currently available for lease. This particular unit encompasses 3,874 square feet, providing ample room for a variety of retail ventures. The property's strategic location on the Katy Freeway ensures high visibility and accessibility, attracting significant foot traffic and driving potential customer engagement. The multiple-tenancy structure fosters a dynamic and collaborative environment, creating a synergistic atmosphere for businesses within the complex. This is an ideal location for businesses seeking a strong presence in a bustling Houston market. The property's address is 7613 Katy Freeway, Houston, TX 77024, situated in Harris County. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area of Houston. Don't miss out on this chance to establish your business in a thriving commercial environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4663
    Latitude
    29.7833
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $53,457
    $2,023,800
    $2,853,276
    $4,877,076
    -
    $2,023,800
    $2,853,276
    $4,877,076

    Comparable in this City

    • Value Estimation
      $565,000
      35,460 SF

      12393 Kingsride Ln

      SHOPPING CENTER, STRIP CENTER • 35,460 SF
      12393 Kingsride Ln, Houston, TX 77024-4116
      View Details
    • Value Estimation by Request
      6,461 SF

      12649 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 6,461 SF
      12649 Memorial Dr, Houston, TX 77024-8820
      View Details
    • Value Estimation
      $1,300,000
      101,668 SF

      947 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 101,668 SF
      947 Gessner Rd, Houston, TX 77024-2516
      View Details
    • Value Estimation
      $575,000
      41,090 SF

      12401 Kingsride Ln

      SHOPPING CENTER, STRIP CENTER • 41,090 SF
      12401 Kingsride Ln, Houston, TX 77024
      View Details
    • Value Estimation
      $705,000
      67,143 SF

      8800 Katy Fwy

      SHOPPING CENTER, STRIP CENTER • 67,143 SF
      8800 Katy Fwy, Houston, TX 77024-1633
      View Details
    • Value Estimation
      $825,000
      94,747 SF

      12500 Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 94,747 SF
      12500 Memorial Dr, Houston, TX 77024-7556
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $18 SF/Yr
      1,729 SF

      Retail Space with High Visibility

      Retail space with high visibility and easy highway access.
      3800-3890 S Gessner Rd, Houston, TX 77024
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      Town & Country Office Space

      Office and retail spaces available for lease in Houston.
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      Retail Space with High Visibility

      Retail spaces available in a densely populated area.
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      Retail Space Available For Lease

      Retail space available for lease in Houston, TX.
      5817 Antoine Dr, Houston, TX 77024
      View Details
    • $32 SF/Yr
      15,387 SF

      Katy Freeway Retail Space

      Houston Retail Opportunity: 3,874 SF Available
      7613 Katy Fwy, Houston, TX 77024
      View Details
    • $35 SF/Yr
      2,309 SF

      Retail Space Available For Rent

      Commercial retail space available for rent in Houston, TX.
      2305-2323 Wirt Rd, Houston, TX 77024
      View Details
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    7613 Katy Fwy
    Houston, TX 77024
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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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