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Kingsland Blvd 6.55 Acres of Commercial Land Offered at $6,000,000 in Katy, TX 77494
Investment Highlights
- Katy Boardwalk District!
- Easy access to I-10
- Adjacent to Katy Mills Mall!
Executive Summary
Investment Snapshot:
Capital Ask: $6M Preferred Equity (10–12% return, senior to sponsor equity or a fixed return)
$3M land buyout from bank. Appraised for $5.5 million as is.
$3M horizontal development (roads, utilities, pads)
Appraised Value: ~$12M post-horizontal (3rd party bank appraisal attached)
Completion Value: ~$37M at full build-out
Sponsor Equity: ~$3M already invested (land, drainage, water systems, carrying costs)
Exit: Refinance, pad/shell sales, or bulk sale
Highlights:
Strong Equity Cushion – $12M appraisal vs. $6M raise
De-Risked – Drainage & water systems complete; all work bonded
Revenue Model – Pad buyers fund shells in stages ? predictable inflows
Market Demand – 14 planned buildings; 3 already under contract with medical/professional users
Track Record – 250,000+ sq. ft. delivered in Katy/Sealy; established city & banking ties, Local Resident and Investor
Capital Ask: $6M Preferred Equity (10–12% return, senior to sponsor equity or a fixed return)
$3M land buyout from bank. Appraised for $5.5 million as is.
$3M horizontal development (roads, utilities, pads)
Appraised Value: ~$12M post-horizontal (3rd party bank appraisal attached)
Completion Value: ~$37M at full build-out
Sponsor Equity: ~$3M already invested (land, drainage, water systems, carrying costs)
Exit: Refinance, pad/shell sales, or bulk sale
Highlights:
Strong Equity Cushion – $12M appraisal vs. $6M raise
De-Risked – Drainage & water systems complete; all work bonded
Revenue Model – Pad buyers fund shells in stages ? predictable inflows
Market Demand – 14 planned buildings; 3 already under contract with medical/professional users
Track Record – 250,000+ sq. ft. delivered in Katy/Sealy; established city & banking ties, Local Resident and Investor
Property Facts
| Price | $6,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 6.55 AC |
| Property Type | Land | ||
| Zoning | None - Office/Retail | ||
| Price | $6,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 6.55 AC |
| Zoning | None - Office/Retail |
1 Lot Available
Lot
| Price | $6,000,000 | Lot Size | 6.55 AC |
| Price Per AC | $916,450.28 |
| Price | $6,000,000 |
| Price Per AC | $916,450.28 |
| Lot Size | 6.55 AC |
Investment Opportunity! Excellent investment opportunity for the Kingsland Blvd Office Park in the Katy Boardwalk District in Katy, Texas! Fantastic location adjacent to Katy Mills Mall and Hwy I-10! http://www.6acreskingslandblvd.com
Description
The 6.5-acre site has all entitlements and approvals in place for a 14-building office condominium development. Each office building will be 2 stories and 6,400 SF. Great investment opportunity with excellent returns!
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Property Taxes
| Parcel Number | 5415-01-000-0042-914 | Improvements Assessment | $0 |
| Land Assessment | $2,737,798 | Total Assessment | $2,737,798 |
Property Taxes
Parcel Number
5415-01-000-0042-914
Land Assessment
$2,737,798
Improvements Assessment
$0
Total Assessment
$2,737,798
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