23033 Grand Circle BlvdKaty, TX 77449

Property Details for 23033 Grand Circle Blvd

Year built

2017

Construction

STEEL FRAME

Lot size

1.78 AC

Property size (Sq ft)

39,543 SF

Property type

Office buildings

APN

1213880030001

APU

1213880030001

Description

This exceptional freestanding retail building, known as Grand Circle Center, presents a prime leasing opportunity in the thriving Katy, Texas market. Located at 23033 Grand Circle Blvd, 77449, this property boasts a total of 24,500 square feet, with 3,573 square feet currently available for lease. The building is situated on a substantial 1.78-acre lot encompassing 77,537 square feet, providing ample space and visibility. The property's classification as a multi-tenant building offers flexibility and potential for various retail businesses. Its location in Harris County ensures easy access to major transportation routes and a dense population base. The available 3,573 square feet presents a unique chance to establish or expand a retail presence in a high-traffic area. This freestanding structure offers excellent visibility and independent branding opportunities, unlike spaces within larger shopping centers. The substantial lot size allows for ample parking and potential for future expansion or outdoor amenities. This property is ideal for businesses seeking a prominent location with high visibility and convenient access for customers. The existing infrastructure and ample space make it a turnkey solution for a variety of retail concepts. Serious inquiries are encouraged to explore this exceptional leasing opportunity in the dynamic Katy market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,737,593

  6.5%

  $8,988,547

  7%

  $8,346,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,203,294

  Geo Method

  $11,838,779

• Alternative Use

  Use

  Valuation

  Residential

  $11,145,798

  Hospitality

  $10,209,491

  Educational

  $8,494,177

  Medical

  $8,786,305

  Retail

  $13,213,164

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7867

Longitude

-95.77

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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