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Katy Centre 811 Avenue D 16,900 SF 95% Leased Retail Building Katy, TX 77493 $3,500,000 ($207.10/SF) 5.76% Cap Rate
EXECUTIVE SUMMARY
Strategically located in the thriving commercial corridor of Katy, TX, 811 Avenue D presents a compelling investment opportunity within the Greater Houston market. This multi-tenant retail center is currently 95% occupied, with the only vacancy being a second-generation restaurant space that previously generated $7,000/month in rental income.
Most existing tenants are on month-to-month leases, offering exceptional flexibility for a new owner to reposition or re-lease the property to maximize revenue. The property benefits from high visibility and steady traffic, surrounded by a strong mix of local businesses and community destinations.
Just minutes from LaCenterra at Cinco Ranch and within close proximity to the Energy Corridor, this location boasts outstanding access to retail, dining, and entertainment amenities, making it attractive to both tenants and their customers. With convenient access to I-10, Grand Parkway (99), and Westpark Tollway, the site is well-connected to the broader Houston metro area.
Key Highlights:
±1.6 acres with excellent frontage on Avenue D
High-traffic location in established commercial district
Value-add potential through lease-up and repositioning
Flexible lease structure – mostly month-to-month
Ideal for retail, restaurant, or office investment
Strong demographics and growing population base
Capitalize on the continued growth of Katy and the strength of the Greater Houston economy with this versatile and income-producing asset.
Most existing tenants are on month-to-month leases, offering exceptional flexibility for a new owner to reposition or re-lease the property to maximize revenue. The property benefits from high visibility and steady traffic, surrounded by a strong mix of local businesses and community destinations.
Just minutes from LaCenterra at Cinco Ranch and within close proximity to the Energy Corridor, this location boasts outstanding access to retail, dining, and entertainment amenities, making it attractive to both tenants and their customers. With convenient access to I-10, Grand Parkway (99), and Westpark Tollway, the site is well-connected to the broader Houston metro area.
Key Highlights:
±1.6 acres with excellent frontage on Avenue D
High-traffic location in established commercial district
Value-add potential through lease-up and repositioning
Flexible lease structure – mostly month-to-month
Ideal for retail, restaurant, or office investment
Strong demographics and growing population base
Capitalize on the continued growth of Katy and the strength of the Greater Houston economy with this versatile and income-producing asset.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
16,900 SF
Building Class
C
Year Built
1984
Price
$3,500,000
Price Per SF
$207.10
Cap Rate
5.76%
NOI
$201,600
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.61 AC
Zoning
C-1 - Commercial District
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5410-00-030-0020-914 | Improvements Assessment | $2,999,394 |
| Land Assessment | $741,009 | Total Assessment | $3,740,403 |
PROPERTY TAXES
Parcel Number
5410-00-030-0020-914
Land Assessment
$741,009
Improvements Assessment
$2,999,394
Total Assessment
$3,740,403
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Katy Centre | 811 Avenue D
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