Two-Story Office Building with
For Sale
Contact for pricing
Pending
1324 Avenue D, Katy, TX 77493
Move-in-ready two-story office building with seven private offices, dedicated conference room, and nine off-street parking spaces.
Property Size2,184 SF
Days on Market267
Property Features for 1324 Avenue D
General Information
Standard status
Pending
Size
2,184 SF
Property subtype
OFFICE
Listing Agency:
Keller Williams Realty Metropolitan
(713) 621-8001
Listed By:
J Coy Wheeler · License #0445961
(832) 752-6487
Source:
Moodyscre
Added: Dec 26, 2025
Changed: Sep 9
Last Checked: Sep 19 at 1:29PM
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 Keller Williams Realty Metropolitan
Investment Insights
Based on property information with market context.
Move-in-ready two-story office building with a total of 2,184 square feet. The interior includes seven private offices, a dedicated conference room, three and a half bathrooms, and a functional kitchen with a pantry. A front porch provides a welcoming entry, and upgrades include a new roof from March 2025, along with fresh interior paint and new tile/laminate flooring from October 2025.
The building offers nine off-street, concrete parking spaces located directly in front, supporting convenient client and staff access. A backyard green space is also available for informal breaks and gatherings.
Zoned C-1 to accommodate a range of professional uses, the property is positioned for straightforward occupancy with a practical two-level layout—1,280 square feet on the first floor and 904 square feet on the second floor per tax records.
The building offers nine off-street, concrete parking spaces located directly in front, supporting convenient client and staff access. A backyard green space is also available for informal breaks and gatherings.
Zoned C-1 to accommodate a range of professional uses, the property is positioned for straightforward occupancy with a practical two-level layout—1,280 square feet on the first floor and 904 square feet on the second floor per tax records.
Key Highlights
- Move‑in‑ready 2‑story office building with 2,184 sq ft, including seven private offices and a dedicated conference room
- Zoned C‑1 for diverse professional uses
- 1st floor is 1,280 sq ft and 2nd floor is 904 sq ft per tax records
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
$30,396
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
6.40%
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%
$607,920
$607.9K
Cap Rate 7%
$434,229
$434.2K
Cap Rate 9%
$337,733
$337.7K
Market Conditions
NOI Build-Up for 2,184 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
$55.8K $25.56/SF
− Vacancy
−$15.3K −$7.00/SF
EGI
$40.5K $18.56/SF
− OpEx
−$10.1K −$4.64/SF
NOI
$30.4K $13.92/SF
Area
Fort Bend County, TX
Vacancy
27.40%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
25.00%
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%
$607,920
Cap Rate 7%
$434,229
Cap Rate 9%
$337,733
Alternative Uses
Best Use
Office B
$434.2K
$380.0K – $506.6K
NOI $30,396 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.21M
$23.81M – $31.74M
NOI $1,904,511 @ 7.0% cap · market cap 400.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 77493, TX
51,774
Population
20,552
Households
2.5
Avg Household Size
34
Median Age
44%
College-Educated
92%
High-School Grad
61.8 sq mi
ZIP Area
838
Density / Sq Mi
$113,388
Median Household Income
$52,940
Median Earnings
$1,806
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready two-story office building with seven private offices, dedicated conference room, and nine off-street parking spaces.
Where is this office building located?
The property is located at 1324 Avenue D Katy, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Move‑in‑ready 2‑story office building with 2,184 sq ft, including seven private offices and a dedicated conference room; Zoned C‑1 for diverse professional uses; 1st floor is 1,280 sq ft and 2nd floor is 904 sq ft per tax records
