Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$62,500

NAL Estimated Property Value

5705 2nd St, Katy, TX, 77493

Off MarketInfo
CommercialInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size6,251 sqft

Land Information

APN0220050000007
Lot Number7,8
SubdivisionKaty Town
Land UseCommercial
Legal DescriptionLTS 7 8 BLK 2 KATY TOWN
Census Tract542700
Assessed Land Value$62,500
Assessment Year2025

About this property

Rare opportunity in the heart of Old Katy! This prime commercial lot offers exceptional visibility and a high-traffic location just steps from Katy City Hall, local boutiques, salons, and antique stores. The property features painted parking spaces along the front and a wide paver sidewalk shared with thriving nearby businesses, including Katy Crossing Icehouse. Situated directly across from the City of Katy Visitors Center and Harvest Plaza—a charming park with seating areas—this site benefits from steady foot traffic and strong community engagement year-round. Enjoy incredible exposure during beloved local events such as parades and the annual Katy Rice Harvest Festival. Whether you’re looking to build a storefront, office, or other commercial space, this lot provides a rare opportunity to establish your business in the vibrant and historic downtown district of Katy.

Investor Tools

Property Icon
$62,500
Estimated Property Value
$11,756Estimated Mortgage Balance
$50,744Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,344
$62,500
2025
$62,500
N/A
$62,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,344
$62,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Home Loans Inc
Fha
$83,740
Yes
First
Jan 5, 1999
Feb 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$11,756
$50,744
81%
19%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Katy

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

5705 2nd St | Property Details | No Agent List