3120 Peek RdKaty, TX 77449

Property Details for 3120 Peek Rd

Year built

2021

Construction

METAL FRAME

Lot size

1.25 AC

Property size (Sq ft)

7,196 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

1397660010010

APU

1397660010010

Description

This exceptional 6,640 square foot special purpose property, formerly Ivybrook Academy Preschool, presents a unique investment opportunity in the thriving Katy, Texas market. Built in 2021, the building boasts a generous 54,450 square foot lot and ample parking with 80 spaces, ensuring convenient access for students and staff. The asking price is $5,100,000, translating to $768.07 per square foot. The property features a well-maintained interior, ready for immediate occupancy or repurposing. Its versatile design and substantial size make it suitable for a variety of uses, including but not limited to, educational facilities, daycare centers, or other similar businesses. The building is equipped with air conditioning and is wheelchair accessible, enhancing its functionality and appeal. An on-site basketball court adds a unique amenity. Located at 3120 Peek Rd, Katy, TX 77449, in Harris County, this property benefits from its prime location within a vibrant community. This turnkey opportunity offers significant potential for investors seeking a high-return asset in a desirable Texas market. The property's modern construction and extensive features make it an attractive prospect for a wide range of potential buyers. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,732,168

  6.5%

  $1,598,924

  7%

  $1,484,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,298,200

  Geo Method

  $2,477,572

• Alternative Use

  Use

  Valuation

  Residential

  $2,028,302

  Hospitality

  $1,857,914

  Educational

  $1,545,763

  Medical

  $1,598,924

  Retail

  $2,404,520

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.8217

Longitude

-95.7699

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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