2404 Texmati DrKaty, TX 77494

Property Details for 2404 Texmati Dr

Year built

2016

Construction

CONCRETE BLOCKS

Lot size

2.12 AC

Property size (Sq ft)

25,388 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1199120000027

APU

1199120000027

Description

This exceptional retail opportunity is located at 2404 Texmati Dr, Katy, TX 77494, offering 5,384 square feet of immediately available space within the vibrant Katy Mills District. The property, built in 2016, boasts a total of 23,534 square feet and is situated on a 2.47-acre lot, providing ample space and visibility. The flexible layout allows for divisibility, with a minimum leasable space of 2,000 square feet and a maximum contiguous space of 5,384 square feet, catering to a variety of business needs. Benefit from the high traffic counts and activity generated by the neighboring Katy Mills Mall and its proximity to I-10, ensuring significant exposure to potential customers. The property features 120 parking spaces, providing convenient access for both employees and patrons. This prime location, combined with its modern construction and flexible space options, presents a compelling investment opportunity for businesses seeking a thriving retail environment in the heart of Katy, Texas. The property is currently multi-tenant, with national and regional tenants already established. This presents a chance to join a successful retail community and benefit from the existing synergy.

• CAP approach

  CAP return

  Valuation

  6%

  $7,110,940

  6.5%

  $6,563,950

  7%

  $6,095,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,142,040

  Geo Method

  $7,904,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,753,200

  Mixed-Use / Specialty

  $6,559,580

  Hospitality / Lodging

  $4,837,330

  Office

  $6,540,430

  Institutional / Educational

  $6,826,120

  Residential Income

  $7,986,560

  Multifamily

  $9,473,150

  Automotive / Energy

  $5,850,960

  Parking / Income-Based Land

  $2,000,290

  Restaurant / Food Service

  $3,452,300

  Healthcare / Senior Housing

  $6,707,210

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7813

Longitude

-95.8104

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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