Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Katy Medical/Office Condo for Lease Title is generated by Realmo AI

    23410 Grand Reserve Dr, Katy, TX 77494

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A condo in Katy's professional corridor, ideal for medical/office.

    Type:Office
    Property size:
    1,225 SF
    Added:
    Oct 28, 2022
    Days on Market:
    1319
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 23410 Grand Reserve Dr

    General Information

    Standard status
    Active
    Size
    1,225 SF
    Property subtype
    Office

    Spaces For Lease

    at 23410 Grand Reserve Dr Contact us

    $26/Mo

    Size
    1,225 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Phil Kubat

    Listing agent Phil Kubat License #CO ER100016698

    Listing office Transworld Commercial Real Estate

    Listing date Oct 28, 2022

    Source Crexi

    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 Transworld Commercial Real Estate

    HighLights

    • Prime location in Katy's professional corridor with excellent access to Grand Parkway (99) and I‑10.
    • Class A medical/office condo with high‑end finishes and modern interior.
    • Private entrance and in‑suite restroom.
    • Located in a secure and professionally managed office park.
    • Ample surface parking available.
    • Ideal for medical, wellness, or professional service users.

    Overview

    This Class A medical/office condo, located at 23410 Grand Reserve Drive, Katy, TX 77494, is available for lease. The 1,225 SF suite features high-end finishes, a private entrance, and an in-suite restroom. Ample surface parking is available. The property is suitable for medical, wellness, or professional service users. Situated within the Grand Reserve Office Condominiums, the space offers visibility and accessibility near the Grand Parkway (99) and I-10. The property is located in Katy’s professional corridor, providing access to Grand Parkway (99) and I-10, connecting it to the Houston metro area. The location is near residential neighborhoods, retail centers, and schools, and a short drive to Memorial Hermann Katy and Houston Methodist West hospitals. It is located in a secure and professionally managed office park. The modern interior finish-out makes it ideal for healthcare, lab, or office use.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Thrive Pet Healthcare - Falcon — 9722 Gaston Rd 175 Ste 175, Katy, TX 77494

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8219
    Latitude
    29.7398

    Nearby Similar for Lease

    • Sponsored
      $129-$8,004/Mo
      11-1,292 SF

      LaCenterra

      2717 Commercial Center Blvd, Unit E200, Katy, TX 77494
      View Details
    • $2,400/Mo
      2,400 SF

      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
    • $45 SF/Yr
      13,000 SF

      Modern Retail Space in Katy

      New retail space with frontage on Interstate 10.
      28347 Katy Fwy, Katy, TX
      View Details
    • $22 SF/Yr
      1,100 SF

      Prime Retail Space in Katy

      Versatile retail space in excellent condition with ample parking.
      22121 Katy Freeway, Katy, TX
      View Details
    • $24 SF/Yr
      5,694 SF

      Automotive Repair Facility For Lease

      Automotive repair facility in rapidly growing Katy area for lease.
      5959 FM 1463, Katy, TX 77494
      View Details
    • $1.25 SF/Yr
      7,648 SF

      Katy Industrial Park Mixed-Use Opportunities

      New industrial park in Katy with flexible mixed-use spaces.
      5713 13th Street, Katy, TX
      View Details
    • $21 SF/Yr
      1,500 SF

      Retail Space in Cinco Ranch

      Retail space for lease in Katy's Cinco Ranch community.
      20660 Westheimer Parkway, Katy, TX
      View Details
    • Contact for pricing
      94,711 SF

      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
      14,262 SF

      Retail Space Near Grand Parkway

      Retail space for lease, close to Grand Parkway.
      5828 N FRY RD., Katy, TX 77449
      View Details
    • $29 SF/Yr
      650 SF

      Office Condo For Rent

      Office condo with private access, suitable for professional services.
      24522 Kingsland Blvd, Katy, TX
      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
      2,570 SF

      Dental Office Space Available

      2,570 SF dental office space for lease.
      23020 Highland Knolls Blvd, Katy, TX, 77494
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A condo in Katy's professional corridor, ideal for medical/office.
    Where is this medical office space located?
    The property is located at 23410 Grand Reserve Dr Katy, TX.
    What is the lease rate?
    The lease rate is $314 /Mo.
    What are key features of this property?
    This property features: Prime location in Katy's professional corridor with excellent access to Grand Parkway (99) and I‑10.; Class A medical/office condo with high‑end finishes and modern interior.; Private entrance and in‑suite restroom.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phil Kubat
    Real Estate License ID: CO ER100016698
    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

    Thank You for Inquiry
    23410 Grand Reserve Dr, Katy, TX 77494
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!