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Mixed-Use Property with Metal Buildings

1402 East Ave, Katy, TX

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For Sale

Contact for pricing

Mixed-use property featuring a home and two metal buildings.

Type:SPECIALTY

Property size:

2,522 SF

Lot size:

1.07 Acres

Price / SF:

$269/SF

HighLights

1700+- sq ft home, suitable for living and working.
Two detached 400+- sq ft metal buildings, each rentable for $750 (one with a bathroom), providing immediate income potential.
Over an acre of land offering ample space for expansion and additional development.
Detached 2‑car garage.
Space available for trailer/car parking, adding to the property's versatility.
Opportunity to live where you work or own, offering convenience and flexibility.

We can help!

Listing Contact

Michael Weaster

For Sale

Contact for pricing

Mixed-use property featuring a home and two metal buildings.

Type:SPECIALTY

Property size:

2,522 SF

Lot size:

1.07 Acres

Price / SF:

$269/SF

Added:: Oct 28, 2024
Days on Market:: 600
Last Refresh:: May 20 at 8:51 pm

Property Features for 1402 East Ave

General Information

Standard status: Active
Size: 2,522 SF
Lot size: 1.07 Acres
Property subtype: SPECIALTY

We can help!

Listing Contact

Michael Weaster

Listing agent Michael Weaster

Listing office Graham & Company Realty Group

Listing date Oct 28, 2024

Source Moodyscre

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

HighLights

1700+- sq ft home, suitable for living and working.
Two detached 400+- sq ft metal buildings, each rentable for $750 (one with a bathroom), providing immediate income potential.
Over an acre of land offering ample space for expansion and additional development.
Detached 2‑car garage.
Space available for trailer/car parking, adding to the property's versatility.
Opportunity to live where you work or own, offering convenience and flexibility.

Overview

This mixed-use property includes a 1,700-square-foot home with a detached two-car garage, situated on over an acre of land. The property also features two 400-square-foot metal buildings, one of which includes a bathroom. These buildings are currently suitable for rental income, with each potentially generating $750 per month. The property offers space for trailer or car parking and has room for additional development.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$102.9k	$40.80
− Vacancy	−$11.4k	−$4.53
EGI	$91.5k	$36.27
− OpEx	−$34.3k	−$13.60
NOI	$57.2k	$22.67

2,522 SF · lease $40.80/SF/yr · vacancy 11.10% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$816.7K

$714.7K – $952.9K (±1% cap)

NOI $57,172 @ 7.0% cap · market cap 8.41%

Second Best

Retail

$488.0K

$427.0K – $569.4K (±1% cap)

NOI $34,161 @ 7.0% cap · market cap 5.02%

Theoretical Best

Multifamily LT 5

$31.42M

$27.49M – $36.65M (±1% cap)

NOI $2,199,257 @ 7.0% cap · market cap 323.47%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Garage Doors Katy ... Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Katy
County: Fort Bend
State: Texas
Longitude: -95.8197
Latitude: 29.7919

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What type of property is this?

Mixed-use property - Mixed-use property featuring a home and two metal buildings.

Where is this mixed-use property located?

The property is located at 1402 East Ave Katy, TX.

What is the asking price?

The asking price for this property is $679,900.

What are key features of this property?

This property features: 1700+- sq ft home, suitable for living and working.; Two detached 400+- sq ft metal buildings, each rentable for $750 (one with a bathroom), providing immediate income potential.; Over an acre of land offering ample space for expansion and additional development.

1402 East Ave, Katy, TX

Mixed-use property featuring a home and two metal buildings.

Property Features for 1402 East Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

2019 Multi-Tenant Retail Center

Farmhouse on Unrestricted Land

Katy Industrial Property Near I-10

Katy Medical Office Building For Sale

Professional Office Condominium For Rent

Katy Automotive Repair Facility

Retail Center in Katy, Texas

Katy Warehouse with Large Lot

Clearwater Express Car Wash Property

Mixed-Use Buildings in Katy, Texas

Katy Retail Investment Opportunity

Katy, TX Wendy's Restaurant

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