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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$5,700,970
6.5%
$5,262,430
7%
$4,886,540
Comparable approach
Method
Valuation
Relative Method
$3,320,750
Geo Method
$6,337,540
Alternative Use
Use
Valuation
Industrial / Distribution
$10,224,500
Mixed-Use / Specialty
$5,258,920
Hospitality / Lodging
$3,878,170
Office
$5,243,570
Institutional / Educational
$5,472,620
Residential Income
$6,402,960
Multifamily
$7,594,790
Automotive / Energy
$4,690,810
Parking / Income-Based Land
$1,603,670
Restaurant / Food Service
$2,767,770
Healthcare / Senior Housing
$5,377,280
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
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Fry Rd Katy, TX 77449
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Fry Rd Katy, TX 77449
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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