23135 Morton Ranch RdKaty, TX 77449

Property Details for 23135 Morton Ranch Rd

Year built

2021

Construction

STEEL FRAME

Lot size

1.06 AC

Property size (Sq ft)

14,666 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1393660010003

APU

1393660010003

Description

This exceptional 13,850 square foot retail property, built in 2021, is situated on a 1.06-acre lot at the highly visible intersection of Grand Parkway (99) and Morton Ranch Road in Katy, Texas, zip code 77449. The single-story building features 66 parking spaces and currently has 1,600 square feet of vacant space available for lease. This prime location benefits from exceptional visibility and high traffic counts due to its strategic placement at a major intersection. The surrounding area boasts a thriving mix of retail centers, dining establishments, and entertainment options, creating a destination point for shoppers and diners, thus ensuring high foot traffic for your business. Katy, Texas is renowned for its pro-business environment, low taxes, and robust local economy, providing an ideal setting for business growth. The property's proximity to a rapidly expanding residential community, excellent schools, parks, and recreational facilities guarantees a steady stream of potential customers. The versatile and customizable space is adaptable to a wide range of business needs, offering ample parking and modern facilities. This is an unparalleled opportunity to establish your business in a dynamic and rapidly growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,107,810

  6.5%

  $3,791,820

  7%

  $3,520,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,392,750

  Geo Method

  $4,566,490

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,367,220

  Mixed-Use / Specialty

  $3,789,300

  Hospitality / Lodging

  $2,794,400

  Office

  $3,778,240

  Institutional / Educational

  $3,943,270

  Residential Income

  $4,613,630

  Multifamily

  $5,472,400

  Automotive / Energy

  $3,379,950

  Parking / Income-Based Land

  $1,155,520

  Restaurant / Food Service

  $1,994,300

  Healthcare / Senior Housing

  $3,874,580

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.8166

Longitude

-95.7754

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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