Katy Office/Warehouse Shell For
For Sale
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19962 Franz Rd, Katy, TX 77449
4,394 SF shell office/warehouse suitable for light distribution/manufacturing.
Property Size4,394 SF
Price / SF$225
Days on Market299
Property Features for 19962 Franz Rd
General Information
Standard status
Active
Size
4,394 SF
Class
B
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
2022
Buildings
1
Stories
1
Listing Agency:
The National Realty Group, Inc.
Listed By:
Zain Shenwari · License #TX - 723632
Source:
Crexi
Added: Dec 19, 2025
Changed: Oct 2
Last Checked: Oct 12 at 8:33PM
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 The National Realty Group, Inc.
Investment Insights
Based on property information with market context.
The property is a 4,394 square foot shell office/warehouse located in Franz Road Business Park Phase II at 19962 Franz Rd, Katy, TX 77449. Fronting Franz Road, the property is situated minutes from Interstate 10 and Home Depot. It is suitable for light distribution and light manufacturing. The site features a wide truck court designed to accommodate 18-wheeler maneuverability. The property has no zoning and is subject to professional deed restrictions.
Key Highlights
- 4,394 SF shell office/warehouse suitable for light distribution/manufacturing
- Located in Franz Road Business Park Phase II, Katy, TX
- Fronts Franz Road and minutes from Interstate 10
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,677
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,540
$753.5K
Cap Rate 7%
$538,243
$538.2K
Cap Rate 9%
$418,633
$418.6K
Market Conditions
NOI Build-Up for 4,394 SF
Gross rent
$58.0K $13.20/SF
− Vacancy
−$4.2K −$0.95/SF
EGI
$53.8K $12.25/SF
− OpEx
−$16.1K −$3.67/SF
NOI
$37.7K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,540
Cap Rate 7%
$538,243
Cap Rate 9%
$418,633
Alternative Uses
Best Use
Industrial
$538.2K
$471.0K – $628.0K
NOI $37,677 @ 7.0% cap · market cap 3.81%
Second Best
Flex RnD
$298.2K
$260.9K – $347.9K
NOI $20,874 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,985 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Catering Houston — 2166 Fort Laramie Dr, Katy, TX 77449
- Catering & Staffing By Daniel — 2166 Fort Laramie Dr, Katy, TX 77449
Frequently Asked Questions
What type of property is this?
Flex space - 4,394 SF shell office/warehouse suitable for light distribution/manufacturing.
Where is this flex space located?
The property is located at 19962 Franz Rd Katy, TX.
What is the asking price?
The asking price for this property is $988,650.
What are key features of this property?
This property features: 4,394 SF shell office/warehouse suitable for light distribution/manufacturing; Located in Franz Road Business Park Phase II, Katy, TX; Fronts Franz Road and minutes from Interstate 10
