20680 Westheimer PkwyKaty, TX 77450

Property Details for 20680 Westheimer Pkwy

Year built

2005

Construction

BRICK

Lot size

1.59 AC

Property size (Sq ft)

19,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1181830010004

APU

1181830010004

Description

This exceptional retail opportunity is located in the thriving Shops at Cinco Ranch, a high-traffic area experiencing over 30,000 vehicles per day. The property offers multiple spaces ideal for a variety of uses, including medical, restaurant, and office/retail. Currently, there are three spaces available for lease: a 2,100 square foot second-generation restaurant space, a 2,030 square foot space, and an 1,820 square foot second-generation fitness space. The largest contiguous space available totals 3,850 square feet. A total of 5,950 square feet is currently vacant. This location boasts a prime position within Cinco Ranch, known for its high concentration of affluent residents, placing the property within one of the highest suburban income areas in the greater Houston metropolitan statistical area. The available spaces present a unique chance to establish a business in a high-visibility, high-traffic location with strong demographics. The second-generation spaces offer the advantage of existing infrastructure, potentially reducing build-out costs and time. This is an excellent opportunity for businesses seeking a well-established and successful retail environment. The property's strategic location and diverse space options make it an attractive investment for a variety of businesses looking to thrive in a prosperous community.

• CAP approach

  CAP return

  Valuation

  6%

  $7,058,850

  6.5%

  $6,515,862

  7%

  $6,050,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,708,819

  Geo Method

  $14,712,025

• Alternative Use

  Use

  Valuation

  Residential

  $5,496,373

  Hospitality

  $5,034,648

  Educational

  $4,188,768

  Medical

  $4,332,826

  Retail

  $6,515,862

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7391

Longitude

-95.7343

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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