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Shops at Lakehouse 4019 Pitts Road 8,962 SF 100% Leased Retail Building Katy, TX 77493 $6,506,622 CAD ($726.02 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Newly built retail development within the Lakehouse master-planned community, adjacent to Sunterra—a top-selling 2,300-acre community with 7,000 homes
- Excellent access to Katy (4.5 Mi.), Houston Executive Airport (6.3 Mi.), Katy Mills Mall (5.9 mi), Houston Premium Outlets (19.8 mi), Houston Texans T
- 1-mile population projected to grow 25.6% annually, supporting strong longterm retail demand.
Executive Summary
Palo Duro Commercial Partners is pleased to present The Shops at Lakehouse, a Class A retail development offered exclusively for sale. Located at 4019 Pitts Rd in the rapidly growing suburban market of Katy, Texas, this 100% leased, multitenant retail center delivers stable cash flow supported by a diverse, service oriented tenant mix. Current tenants include Shipley Do-Nuts, Lakehouse Nails & Spa, Heritage Oaks Wine & Spirits, Care Promptly Medical Clinic, Domino’s, and Peachwave Frozen Yogurt.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,962 SF
Building Class
B
Year Built
2024
Price
$6,506,622 CAD
Price Per SF
$726.02 CAD
Cap Rate
6.25%
NOI
$406,664 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
3.53 AC
Frontage
80’ on Pitts Road
Amenities
- Dedicated Turn Lane
- Drive Thru
- Monument Signage
- Air Conditioning
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0482500000002 | Improvements Assessment | $0 CAD |
| Land Assessment | $150,541 CAD | Total Assessment | $150,541 CAD |
Property Taxes
Parcel Number
0482500000002
Land Assessment
$150,541 CAD
Improvements Assessment
$0 CAD
Total Assessment
$150,541 CAD
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Shops at Lakehouse | 4019 Pitts Road
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