Renovated Executive Office
21392 Provincial Blvd Katy, TX 77450
21392 Provincial Blvd, Katy, TX, 77450
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For Sale
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Executive office condo within a professionally maintained complex, renovated in 2024 and sized at 1,225 SF.
Property Size1,225 SF
Price / SF$530.61
Days on Market135
Property Features for 21392 Provincial Blvd
General Information
- Standard status
- Active
- Size
- 1,225 SF
- Property subtype
- Office
Listing agency
Lion Drive Realty
Listed by
Bobby Hajiani · License #719788
Source
Crexi
Added: Mar 9 Updated: Jul 21 at 4:53AM Checked: Jul 21 at 4:53AM
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 Lion Drive Realty
Investment Insights
Based on property information with market context.
This offering is a 1,225 SF executive office condominium located within a professionally maintained office complex along Provincial Boulevard. The suite features a functional layout designed for a range of professional uses, including legal, medical, financial, consulting, or general professional services.
The property was renovated in 2024, with updated interior finishes intended to provide a modern professional work environment.
For buyers seeking a move-in-ready office condominium within an established commercial corridor in the Katy market, this renovated executive suite offers an efficient size and practical configuration for professional tenants.
The property was renovated in 2024, with updated interior finishes intended to provide a modern professional work environment.
For buyers seeking a move-in-ready office condominium within an established commercial corridor in the Katy market, this renovated executive suite offers an efficient size and practical configuration for professional tenants.
Key Highlights
- 1,225 SF executive office condominium in Katy, Texas
- Located in a professionally maintained office complex along Provincial Boulevard
- Renovated in 2024 with updated interior finishes
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $29.64 |
| − Vacancy | −$2.4k | −$1.93 |
| EGI | $33.9k | $27.71 |
| − OpEx | −$13.6k | −$11.09 |
| NOI | $20.4k | $16.63 |
1,225 SF · lease $29.64/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$291.0K
$254.6K – $339.5K
NOI $20,369 @ 7.0% cap · market cap 3.13%
Second Best
Office B
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 2.62%
Theoretical Best
Multifamily LT 5
$15.26M
$13.35M – $17.80M
NOI $1,068,235 @ 7.0% cap · market cap 164.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Executive office condo within a professionally maintained complex, renovated in 2024 and sized at 1,225 SF.
Where is this office units located?
The property is located at 21392 Provincial Blvd Katy, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,225 SF executive office condominium in Katy, Texas; Located in a professionally maintained office complex along Provincial Boulevard; Renovated in 2024 with updated interior finishes
