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Old Town Katy Square 1602 Avenue D 16,069 SF 100% Leased Retail Building Katy, TX 77493 $4,990,000 ($310.54/SF) 6.95% Cap Rate
Investment Highlights
- Old Town Katy Square
- Net Rentable Area: ±16,069 SF Retail/Professional Center
- Investment Opportunity
Executive Summary
Property Highlights
Net Rentable Area: ±16,069 SF Retail/Professional Center
Land Size: ±3.96 Acres
Parking Ratio: 3.85/1,000 SF leased
Current Zoning: Commercial land use/Retail
Current Improvements: Tilt wall structure with brick veneer finish, tall parapits and generous soffits with concrete paved parking and service acres, extensive landscaping
Tax Rate (2024): $2.171028
Environmental: Clean, new in 2017
Net Rentable Area: ±16,069 SF Retail/Professional Center
Land Size: ±3.96 Acres
Parking Ratio: 3.85/1,000 SF leased
Current Zoning: Commercial land use/Retail
Current Improvements: Tilt wall structure with brick veneer finish, tall parapits and generous soffits with concrete paved parking and service acres, extensive landscaping
Tax Rate (2024): $2.171028
Environmental: Clean, new in 2017
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,069 SF
Building Class
C
Year Built
2016
Price
$4,990,000
Price Per SF
$310.54
Cap Rate
6.95%
NOI
$346,937
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
3.96 AC
Zoning
None
Frontage
168’ on Avenue D Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
In 1998, Legends Pharmacy, a family owned business, was created in Plano, Texas. Today, Legends Pharmacy has 3 long term care and 2 retail pharmacies in Texas, Louisiana and New Mexico. They service skilled, hospice, assisted-living and alternative care facilities, and retail customers at home.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0220360000046 | Improvements Assessment | $2,443,456 |
| Land Assessment | $1,146,744 | Total Assessment | $3,590,200 |
Property Taxes
Parcel Number
0220360000046
Land Assessment
$1,146,744
Improvements Assessment
$2,443,456
Total Assessment
$3,590,200
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Old Town Katy Square | 1602 Avenue D