Mixed-Use Buildings in Katy,
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808 AVENUE B ST, Katy, TX
Three buildings with retail and automotive potential in Katy, TX.
Property Size7,544 SF
Lot Size0.26 Acres
Price / SF$106.04
Days on Market501
Property Features for 808 AVENUE B ST
General Information
Standard status
Active
Size
7,544 SF
Lot size
0.26 Acres
Property subtype
RETAIL
Listing Agency:
Graham & Company Realty Group
(469) 916-0030
Listed By:
Michael Weaster
(713) 875-8558
Source:
Moodyscre
Added: Apr 28, 2025
Changed: Aug 9
Last Checked: Sep 10 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graham & Company Realty Group
Investment Insights
Based on property information with market context.
This property includes three buildings. The first building, located at 2642 Napa, features a storefront with a glass front, double doors, one bathroom, an office, and a large open space. The second building is the old gas station situated on the corner, encompassing 1929 square feet and requiring significant renovations to be usable. The third building, facing 1st Street, is 2918 square feet. The restrooms in the building facing 1st Street and the old gas station may not be functional. The total property size is 7544 square feet. This property offers potential for various retail and automotive uses.
Key Highlights
- Includes three separate buildings on one property.
- The largest building offers a generous 2918 sq ft of space.
- The storefront building at 2642 Napa features a glass front, double doors, a bathroom, and an office.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,397
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,940
$767.9K
Cap Rate 7%
$548,529
$548.5K
Cap Rate 9%
$426,633
$426.6K
Market Conditions
NOI Build-Up for 7,544 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $7.76/SF
− Vacancy
−$3.7K −$0.49/SF
EGI
$54.9K $7.27/SF
− OpEx
−$16.5K −$2.18/SF
NOI
$38.4K $5.09/SF
Area
Fort Bend County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,940
Cap Rate 7%
$548,529
Cap Rate 9%
$426,633
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,484 @ 7.0% cap · market cap 13.69%
Second Best
Retail
$1.46M
$1.28M – $1.70M
NOI $102,185 @ 7.0% cap · market cap 12.77%
Theoretical Best
Multifamily LT 5
$93.98M
$82.23M – $109.64M
NOI $6,578,586 @ 7.0% cap · market cap 822.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Three buildings with retail and automotive potential in Katy, TX.
Where is this gas station located?
The property is located at 808 AVENUE B ST Katy, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Includes three separate buildings on one property.; The largest building offers a generous **2918 sq ft of space**.; The storefront building at 2642 Napa features a **glass front, double doors, a bathroom, and an office**.
