1420 Grand PkwyKaty, TX 77494
- Commercial real estate
- 0.99 AC
Property Details for 1420 Grand Pkwy
- Year built
- 2019
- Lot size
- 0.99 AC
- Property type
- Commercial real estate
- APN
- 2952-02-000-0023-914
- APU
- 2952020000023914
Description
This exceptional Class A retail center, built in 2023, offers 1,500 square feet of immediately available space in a thriving Katy location. Situated within the Cinco Ranch submarket, this single-story building boasts four total suites, each with a minimum divisible space of 1,500 square feet. The maximum contiguous space available is also 1,500 square feet, making it ideal for a variety of retail businesses. Currently, there is no vacant space. The property enjoys high visibility due to its strategic location adjacent to an established Kroger grocery store and its proximity to the Grand Parkway, ensuring significant foot traffic and excellent brand exposure. A large parking field provides ample parking for customers, and a shared parking arrangement exists with neighboring properties. Further enhancing visibility, pylon sign placement along the Grand Parkway is available. The Cinco Ranch area is experiencing robust growth, with projected population increases exceeding 5% over the next five years, presenting a compelling opportunity for businesses seeking to establish or expand their presence in a dynamic and rapidly developing market. The property features no elevators. The cross street is Highland Knolls.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,036,200
- 6.5%
- $11,110,300
- 7%
- $10,316,700
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,765,530
- Geo Method
- $12,911,800
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $21,664,100
- Retail / Commercial
- $11,150,300
- Mixed-Use / Specialty
- $11,142,900
- Hospitality / Lodging
- $8,217,240
- Office
- $11,110,300
- Institutional / Educational
- $11,595,600
- Residential Income
- $13,566,900
- Multifamily
- $16,092,200
- Automotive / Energy
- $9,939,110
- Parking / Income-Based Land
- $3,397,930
- Restaurant / Food Service
- $5,864,470
- Healthcare / Senior Housing
- $11,393,600
Location Insight
- City
- Katy
- County
- Fort Bend
- State
- Texas
- Latitude
- 29.7598
- Longitude
- -95.7771
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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