Shops at Young Ranch — Sale in Katy, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Katy, TX 77494
  • Year built: 2019

Photos

Shops at Young Ranch — Sale in Katy, TX, photo 1 of 3
Shops at Young Ranch — Sale in Katy, TX, photo 2 of 3
Shops at Young Ranch — Sale in Katy, TX, photo 3 of 3

Investment Figures

Cap rate
6.54%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively list for sale Shops at Young Ranch, a 14,784-square-foot, 100 percent occupied multi-tenant retail center built in 2019 and located at 29711 Kingsland Boulevard in Katy, Texas. The center sits directly off Texas Heritage Parkway — the primary north-south thoroughfare off Interstate 10 — and is surrounded by three master-planned communities totaling over 7,000 homes: Jordan Ranch (3,000 planned), Young Ranch (1,000 planned), and Firethorne (3,000+). The property offers meaningful long-term upside by raising rents, with base rents currently averaging $30.60/SF. Similar nearby retail centers are achieving rents up-to twenty percent higher. The asset is centrally located within a rapidly growing area of Katy. 0.5 Miles north of the property is the forthcoming Texas Heritage Marketplace, a $400M Target-anchored development also bringing Sam’s Club, Lowe’s, and EOS Fitness. The H-E-B-anchored Jordan Ranch Market is located 0.8 miles south of the property. Shops at Young Ranch is offered at $6,922,000 ($468/SF), representing a 6.54 percent cap rate on in place NOI of $452,353. Investment Highlights: • Long-Term Upside By Raising Below Market Rents • Average Weighted Base Rental Rate of $30.60 Per Square Foot • Nearby Retail Centers Off of Texas Heritage Parkway With Rents of $37 to $42 Per Squar • Excellent High Growth Location Off Texas Heritage Parkway • Primary North-South Thoroughfare Off of Interstate 10 to Access Jordan Ranch Master Planned Community (3,000 Planned Homes) • Surrounded by Additional Residential Communities Young Ranch (1,000 Planned Homes) and Firethorne (3,000+ Homes) • Centrally Located in Prime Retail Corridor • 0.5 Miles from Texas Heritage Marketplace (Coming Soon) -Target, Sam's Club, Lowe's, EOS Fitness, and more • 0.8 Miles from Jordan Ranch Market: H-E-B Anchored Development • Stable, Internet Resistant Tenancy With Multiple National Chains • 3.6 Years of Weighted Average Lease Term Remain

Market Context

This retail in Katy, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2019. Compare it against other retail listings for sale in Katy, TX — view the full market.

As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.

Its 6.5% asking cap rate is below the Houston retail market average of about 7.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Houston?
About 7.5% as of Q1 2026, per multiple brokerage reports.
Is the Houston retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

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