Remodeled Office
For Sale
Contact for pricing
1810 Snake River Road, Katy, TX 77449
Fully remodeled office condo with a modern layout, private offices, conference space, reception, and glass partition systems.
Property Size4,284 SF
Price / SF$302.29
Days on Market88
Property Features for 1810 Snake River Road
General Information
Standard status
Active
Size
4,284 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2006
Year Renovated
2019
Buildings
1
Units
6
Listing Agency:
Blavesco Ltd
Listed By:
Heather Carlile · License #TX 0443914
(936) 672-7671
Source:
Crexi
Added: Jun 16
Changed: Sep 10
Last Checked: Sep 11 at 6:42AM
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.
This fully remodeled office condominium combines six units into one cohesive professional office headquarters. The interior includes private offices, conference rooms, collaborative workspaces, a reception area, breakroom, and upgraded glass partition systems throughout, creating a modern, functional layout for day-to-day operations.
The property is located on Snake River Road in Katy and provides convenient access to I-10 and Grand Parkway (SH 99), as well as the West Houston Energy Corridor, supporting practical commuting and client access.
As configured, the space accommodates a range of professional operations, and the flexible floor plan may allow future reconfiguration. Furniture may be available separately, which could support a faster move-in for qualified buyers.
The property is located on Snake River Road in Katy and provides convenient access to I-10 and Grand Parkway (SH 99), as well as the West Houston Energy Corridor, supporting practical commuting and client access.
As configured, the space accommodates a range of professional operations, and the flexible floor plan may allow future reconfiguration. Furniture may be available separately, which could support a faster move-in for qualified buyers.
Key Highlights
- Fully remodeled office condominium built in 2006 with a modern professional layout
- Six combined units configured as a single office headquarters
- Includes private offices, conference rooms, collaborative workspaces, and a reception area
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
4.60%
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 4.60%
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 288.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 building - Fully remodeled office condo with a modern layout, private offices, conference space, reception, and glass partition systems.
Where is this office building located?
The property is located at 1810 Snake River Road Katy, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully remodeled office condominium built in 2006 with a modern professional layout; Six combined units configured as a single office headquarters; Includes private offices, conference rooms, collaborative workspaces, and a reception area
