Remodeled Office Condominium
For Sale
Contact for pricing
1810 Snake River Rd, Katy, TX 77449
Combined units A–F offer private offices, conference rooms, reception, breakroom, and upgraded glass partitions in a remodeled office condo.
Property Size4,284 SF
Price / SF$306
Days on Market96
Property Features for 1810 Snake River Rd
General Information
Standard status
Active
Size
4,284 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
6
Listing Agency:
Blavesco, LTD
(832) 850-4849
Listed By:
Heather Carlile · License #0443914
(936) 672-7671
Source:
Moodyscre
Added: Jun 1
Changed: Aug 9
Last Checked: Sep 4 at 2:27PM
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 Blavesco, LTD
Investment Insights
Based on property information with market context.
Snake River Office Condominiums present a fully remodeled, combined office condominium consisting of six units (A–F) configured as a single professional office headquarters. The space includes private offices, conference rooms, collaborative workspaces, a reception area, and a breakroom, with upgraded glass partition systems throughout.
Located at 1810 Snake River Rd in Katy, the property provides convenient access to I-10, Grand Parkway (SH 99), and the West Houston Energy Corridor, supporting straightforward commutes for employees and access for clients.
The current layout accommodates a range of professional office users. Furniture may be available separately, which could support a turnkey transition depending on buyer preference.
Located at 1810 Snake River Rd in Katy, the property provides convenient access to I-10, Grand Parkway (SH 99), and the West Houston Energy Corridor, supporting straightforward commutes for employees and access for clients.
The current layout accommodates a range of professional office users. Furniture may be available separately, which could support a turnkey transition depending on buyer preference.
Key Highlights
- Snake River Office Condominiums: Combined units A–F sold as one professional office headquarters
- Approx. 4,284 SF (per survey) remodeled office condo at $1,310,904 ($306/SF)
- Modern interior layout with private offices, conference rooms, reception area, and breakroom
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
$59,622
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
4.55%
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%
$1,192,440
$1.2M
Cap Rate 7%
$851,743
$851.7K
Cap Rate 9%
$662,467
$662.5K
Market Conditions
NOI Build-Up for 4,284 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
$109.5K $25.56/SF
− Vacancy
−$30.0K −$7.00/SF
EGI
$79.5K $18.56/SF
− OpEx
−$19.9K −$4.64/SF
NOI
$59.6K $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%
$1,192,440
Cap Rate 7%
$851,743
Cap Rate 9%
$662,467
Alternative Uses
Best Use
Office B
$851.7K
$745.3K – $993.7K
NOI $59,622 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$53.37M
$46.70M – $62.26M
NOI $3,735,772 @ 7.0% cap · market cap 284.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 77449, TX
128,180
Population
40,773
Households
3.1
Avg Household Size
32
Median Age
28%
College-Educated
86%
High-School Grad
27.0 sq mi
ZIP Area
4,747
Density / Sq Mi
$85,934
Median Household Income
$42,015
Median Earnings
$1,755
Median Rent
$236,400
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 units - Combined units A–F offer private offices, conference rooms, reception, breakroom, and upgraded glass partitions in a remodeled office condo.
Where is this office units located?
The property is located at 1810 Snake River Rd Katy, TX.
What is the asking price?
The asking price for this property is $1,310,904.
What are key features of this property?
This property features: Snake River Office Condominiums: Combined units A–F sold as one professional office headquarters; Approx. 4,284 SF (per survey) remodeled office condo at $1,310,904 ($306/SF); Modern interior layout with private offices, conference rooms, reception area, and breakroom
