[Featured Listing] Katy Creek Ranch | 25031 Westheimer Pky, Katy, TX 77494

What stands out here is that this is not a vacant shell or a property relying on one tenant. Katy Creek Ranch is a 22,082-square-foot multi-tenant retail property that the current LoopNet listing reports as 100% leased, so an investor is looking at an operating tenant mix rather than a ground-up lease-up story.

The tenant profile is centered on everyday services, including healthcare, dental, behavioral health, personal care, fitness and dry cleaning. Those businesses can generate appointment-based and repeat visits, but the strength of the income still depends on the actual leases, tenant financials and renewal terms—not simply the business categories shown on the signs.

The building sits on approximately 2.74 acres at a corner position along Westheimer Parkway. Storefront exposure, a monument sign and multiple access points help with visibility and customer wayfinding, while the single-story configuration keeps circulation straightforward for tenants and visitors.

Built in 2019, the Class B property offers approximately 22,082 square feet in a Katy trade area surrounded by established residential communities. The current asking price is $7,800,000, or about $353.23 per square foot.

The most important missing piece is the current income detail. The public listing does not provide a verified cap rate or NOI, so I would not estimate a return from the asking price alone. Before making a decision, I would review the full rent roll, leases, expense history, CAM reconciliations, delinquencies, renewal options, guarantees, roof and HVAC responsibilities, insurance, taxes and near-term capital needs.

If you are comparing stabilized neighborhood retail in Katy, send me your target return, hold period and financing assumptions. I can help you organize the due-diligence questions and compare this property with the other commercial options you are considering.