6078 Fry RdKaty, TX 77449

Property Details for 6078 Fry Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.66 AC

Property size (Sq ft)

20,354 SF

Property type

Retail properties

Property subtype

Retail space

APN

1256390010001

APU

1256390010001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,367,991

  6.5%

  $6,801,222

  7%

  $6,315,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,046,426

  Geo Method

  $15,356,336

• Alternative Use

  Use

  Valuation

  Residential

  $5,737,086

  Hospitality

  $5,255,140

  Educational

  $4,372,214

  Medical

  $4,522,582

  Retail

  $6,801,222

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.8609

Longitude

-95.7197

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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