21927 Clay RdPark Row, TX 77449

Property Details for 21927 Clay Rd

Year built

2017

Construction

STEEL FRAME

Lot size

1.96 AC

Property size (Sq ft)

20,388 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1381710020001

APU

1381710020001

Description

This exceptional 1-story, 15,737 square foot building, constructed in 2018, offers 1,500 square feet of immediately available office space in a prime Katy, Texas location. Situated at the southeast corner of Grand Parkway (Highway 99) and Clay Road, this property boasts excellent visibility and accessibility. The space is ideal for executive or medical office use, featuring a "vanilla box" layout ready for tenant build-out. The building benefits from a strong tenant mix, including Fresenius Dialysis and Paragon Infusion therapy. Enjoy convenient cross-access with a CVS Pharmacy and ample parking with 124 spaces. This location is experiencing significant growth, with nearly 6,000 new homes planned or under construction within a 3-mile radius, along with three new Katy ISD schools in the pipeline. Two prominent 36-foot pylon signs on Grand Parkway and Clay Road provide exceptional signage opportunities. The property is located in Harris County's Far West submarket, at 21927 Clay Rd, Katy, TX 77449, and is easily accessible from the major east-west thoroughfare, Clay Road. A new 433,000+ square foot industrial park is also under development across Grand Parkway, further enhancing the area's appeal and potential for future growth. This is a rare opportunity to secure space in a thriving commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $7,380,299

  6.5%

  $6,812,584

  7%

  $6,325,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,059,867

  Geo Method

  $15,381,988

• Alternative Use

  Use

  Valuation

  Residential

  $5,746,669

  Hospitality

  $5,263,918

  Educational

  $4,379,518

  Medical

  $4,530,136

  Retail

  $6,812,584

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.8311

Longitude

-95.759

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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