Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21501 Park Row Dr Katy, TX 77449

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space available north of I-10 (Katy Freeway).

    Type:Industrial
    Property size:
    64,350 SF
    Added:
    Mar 7, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 7:07 pm

    Property Features for 21501 Park Row Dr

    General Information

    Standard status
    Active
    Size
    64,350 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Brian Gammill
    Brian Gammill

    Listing agent Brian Gammill License #TX 393888

    Listing office Transwestern - Houston

    Listing date Mar 7, 2026

    Source Transwestern

    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 Transwestern - Houston

    Overview

    Katy Freeway Area Commercial Space

    Located just north of I-10 (Katy Freeway) off Mason Road at Park Row Drive, Building 2, this commercial real estate property offers a total space of 64350 square feet. The property is categorized as a specialty property and other specialty property.
    Location Intelligence

    Current Use by Public Records

    Rosenberger Construction Construction Company Memorial Hermann Pharmacy ... Pharmacy Furniture Queen Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.747337
    Latitude
    29.792905

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      LaCenterra

      2717 Commercial Center Blvd, Unit E200, Katy, TX 77494
      View Details
    • $45/mo

      Modern Retail Space in Katy

      New retail space with frontage on Interstate 10.
      28347 Katy Fwy, Katy, TX
      View Details
    • Contact for pricing

      Katy Flex Space Available Now

      2,400 SF flex space with office component available for rent.
      21732 Provincial Blvd, Suite 120, Katy, TX 77450
      View Details
    • $1.25/mo

      Katy Industrial Park Mixed-Use Opportunities

      New industrial park in Katy with flexible mixed-use spaces.
      5713 13th Street, Katy, TX
      View Details
    • $29/mo

      Garage Condo in Garages of Texas

      Luxury garage condo adaptable for various business or personal uses.
      1435 FM 1463, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Space in Kroger-Anchored Center

      Retail space available in Kroger-anchored center near schools and churches.
      6037 N FRY RD, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Space Near Grand Parkway

      Retail space for lease, close to Grand Parkway.
      5828 N FRY RD., Katy, TX 77449
      View Details
    • Contact for pricing

      Executive Office Condos For Rent

      Executive office condos with upgraded finishes, convenient location, and high visibility.
      2723 N Mason Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Dental Office Space Available

      2,570 SF dental office space for lease.
      23020 Highland Knolls Blvd, Katy, TX, 77494
      View Details
    • $8/mo

      Adaptable Industrial Property in Katy

      Versatile industrial property with warehouse functionality and street-front visibility.
      1005 KATYLAND DR, Katy, TX
      View Details
    • $22/mo

      Prime Retail Space in Katy

      Versatile retail space in excellent condition with ample parking.
      22121 Katy Freeway, Katy, TX
      View Details
    • Contact for pricing

      Downtown Katy Office Space Available

      2006 Sq Ft office space in prime Katy location.
      5605 George Bush Dr, Katy, TX 77493
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space available north of I-10 (Katy Freeway).
    Where is this specialty property located?
    The property is located at 21501 Park Row Dr Katy, TX.
    What are key features of this property?
    This property features: Located just north of I‑10 (Katy Freeway).; Off Mason Road at Park Row Drive.; Building 2 location.
    (713) 270-3321
    We can help!
    Listing Contact
    Brian Gammill
    Brian Gammill
    Real Estate License ID: TX 393888
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!