11309 Katy FwyHouston, TX 77079

Property Details for 11309 Katy Fwy

Year built

1972

Construction

STEEL FRAME

Lot size

0.70 AC

Property size (Sq ft)

27,686 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

985580000025

APU

985580000025

Description

Katy Plaza, located at 11309 Katy Fwy, Houston, TX 77079, offers exceptional retail space in a prime location. This single-story, 15,008 square foot building, renovated in 2015, sits on a 50,189 square foot lot and boasts 74 parking spaces. Currently, 2,455 square feet are available, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,455 square feet. The property benefits from its high-traffic location on the Katy Freeway (I-10), between Wilcrest and Kirkwood, experiencing 369,348 vehicles daily. A prominent 42-foot pylon sign enhances visibility. Its proximity to the Energy Corridor, City Centre, and Memorial City Mall ensures a strong customer base. Built in 1972, the property is ideal for restaurants, medical offices, retail businesses, or salons. The property's multiple suite configuration offers flexibility for various business needs. This location provides excellent access and visibility for businesses seeking a thriving retail environment in a densely populated area of Houston. The cross street is Yorkchester Drive.

• CAP approach

  CAP return

  Valuation

  6%

  $8,335,104

  6.5%

  $7,693,942

  7%

  $7,144,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,312,465

  Geo Method

  $20,888,058

• Alternative Use

  Use

  Valuation

  Residential

  $6,490,128

  Hospitality

  $5,944,922

  Educational

  $4,946,106

  Medical

  $5,116,210

  Retail

  $7,693,942

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7838

Longitude

-95.582

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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