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20621 Westheimer Pky 4,584 SF Retail Building Katy, TX 77450 For Sale

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INVESTMENT HIGHLIGHTS

  • Busy Corner of Westheimer and Clay Rd
  • Beautiful newer building, built in 2020
  • Tenant just signed a 5 year lease extension
  • Located in the master planned Cinco Ranch community, Katy, TX
  • Large open ballroom with 24ft ceilings and 2nd level with open room.

EXECUTIVE SUMMARY

This remarkable commercial property, constructed in 2020 and currently home to a successful dance studio, presents a flexible and enticing investment opportunity in Cinco Ranch, Katy, TX. Located at the bustling intersection of Westheimer and S Fry Rd, this property stands out for its adaptability and high-end features, making it an attractive investment.
**Adaptable Usage**
This property offers a wealth of possibilities. With its flexible layout, it can easily be repurposed for retail, flex space, or office use. The building's contemporary design and high-end finishes create an ideal setting for a showroom, taking full advantage of its large windows to showcase products or services.
**State-of-the-Art Building**
The property is in impeccable condition, boasting high-end finishes throughout. Its sleek and modern design creates an inviting and upscale environment suitable for various businesses, guaranteeing a premium experience for tenants and clients.
**Elevator Access**
Notably, this property is equipped with an elevator, ensuring accessibility and convenience for all. This feature enhances the building's appeal and versatility for a wide range of business needs.
**Stable Income Stream and Immediate Returns**
The current tenant, a seasoned dance studio owner with a successful 15-year history, is committed to remaining on-site for an additional five years. This lease agreement provides a dependable and immediate income stream, making this property a secure investment choice. The property offers a competitive Capitalization Rate, reflecting the stability and income potential of the current lease.
**Prime Location**
Positioned just across the street from McMeans Junior High School, this property benefits from a prime location. Its proximity to the school ensures a consistent flow of potential clients and customers, making it an attractive destination for businesses of various kinds.
Don't miss the opportunity to invest in this versatile commercial property with premium features, offering adaptability, a reputable tenant, immediate returns, and a sought-after location. Contact us today to schedule a viewing and secure your place in the thriving Katy, TX community.

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,584 SF
Year Built
2020
NOI
$165,900 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.52 AC
Parking
9 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
169’ on Westheimer Parkway

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1198190020001
Land Assessment
$659,287 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$659,287 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
  • Listing ID: 29981403

  • Date on Market: 2023-11-06

  • Last Updated:

  • Address: 20621 Westheimer Pky, Katy, TX 77450

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