Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Engineered Commercial Development Site Title is generated by Realmo AI

    24920 Saddlespur Lane, Katy, TX 77494

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

    3.77-acre commercial site suitable for luxury garage condos.

    Type:V-COM
    Lot size:
    3.77 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 3 at 4:57 am

    Property Features for 24920 Saddlespur Lane

    General Information

    Standard status
    Active
    Lot size
    3.77 Acres
    Property subtype
    V-COM

    We can help!

    Listing Contact
    Chris Abel
    Chris Abel

    Listing agent Chris Abel License #670646, Texas

    Listing office KW Commercial Signature

    Listing date Feb 16, 2026

    Source Realnex

    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 KW Commercial Signature

    HighLights

    • ±3.77‑acre engineered commercial development site in the high‑growth Katy submarket.
    • Ideal for a luxury garage condominium complex for vehicle storage, RVs, boats, or 'man caves'.
    • Located near the I‑10 corridor, surrounded by affluent master‑planned communities.
    • Benefits from strong household incomes and discretionary spending power.
    • Includes MUD water rights, surveys, environmental and geotechnical studies, detention pond specs, and preliminary site plans.
    • Suitable for alternative uses like office condominiums or small‑bay industrial units.

    Overview

    The property is a ±3.77-acre engineered commercial development site situated in the Katy submarket of Fort Bend County, Texas. The location benefits from its proximity to the I-10 corridor and affluent master-planned communities. The surrounding area exhibits strong household incomes and a well-established automotive and hobbyist culture. The site is suitable for the development of a luxury garage condominium complex, designed for antique and luxury vehicle storage, recreational “toy” storage for boats, RVs, and specialty vehicles, and customizable private “man cave” units. The property includes MUD water rights, surveys including topos, Phase 1 environmental studies, geotechnical studies, detention pond specifications reviewed and approved by civil engineers, and preliminary site plans and elevations. Alternative uses such as office condominiums or small-bay industrial units are also possible.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -95.798866
    Latitude
    29.75066

    Nearby Similar for Sale

    • $525,000

      Katy Commercial Lot For Sale

      Half-acre C-1 zoned lot ready for development in Katy.
      1505 East Avenue, Katy, TX 77493
      View Details
    • $1,600,000

      Unrestricted Land Near Energy Corridor

      1.86-acre tract near Energy Corridor with utilities available.
      24505 Roesner Rd, Katy, TX 77494
      View Details
    • $999,999
      1,503 SF

      Unrestricted Land with Home/Office

      5 acres in Katy, TX with home and shop.
      29530 Stockdick Road, Katy, TX 77493
      View Details
    • $489,000

      Commercial Lot Near I-10

      Commercial lot with easy access near I-10 and Pin Oak.
      410 Danover Street, Katy, TX 77494
      View Details
    • $768,000
      1,225 SF

      Professional Office Condominium For Rent

      Professional office condominium featuring private offices, break room, and reception.
      440 Cobia Drive, Katy, TX
      View Details
    • $2,499,000

      Katy Hockley Commercial Investment Opportunity

      Unrestricted 2.05-acre commercial investment in Katy Hockley growth corridor.
      8406 Katy Hockley Road, Katy, TX 77493
      View Details
    • Contact for pricing
      6,000 SF

      Westgreen Blvd Office Building For Sale

      5,733 SF office building on approximately 1 acre.
      518 Westgreen Blvd, Katy, TX 77450
      View Details
    • $1,100,000
      1,796 SF

      Katy Commercial Land with Renovated Home

      Unrestricted 3-acre property with high visibility and flexible use.
      29007 Dove, Katy, TX 77493
      View Details
    • $3,000,000
      2,934 SF

      Katy TX Land Development Opportunity

      Unrestricted 10-acre land near Grand Parkway 99 and I-10.
      5434 Katy Hockley Road, Katy, TX 77493
      View Details
    • $6,058,416
      4,457 SF

      Clearwater Express Car Wash Property

      Express car wash property for sale in Katy, Texas.
      24650 Morton Ranch Rd, Katy, TX 77493
      View Details
    • $1,979,888

      Katy UNRESTRICTED Mixed-Use Land

      6.43 acres of unrestricted land in north Katy.
      5640 Pitts Road, Katy, TX 77493
      View Details
    • $489,000

      Commercial Lot Near I-10

      Commercial lot with easy access near I-10 and Pin Oak.
      410 Danover Rd, Katy, TX 77494
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.77-acre commercial site suitable for luxury garage condos.
    Where is this commercial land located?
    The property is located at 24920 Saddlespur Lane Katy, TX.
    What are key features of this property?
    This property features: ±3.77‑acre engineered commercial development site in the high‑growth Katy submarket.; Ideal for a luxury garage condominium complex for vehicle storage, RVs, boats, or 'man caves'.; Located near the I‑10 corridor, surrounded by affluent master‑planned communities.
    (713) 444-9008
    We can help!
    Listing Contact
    Chris Abel
    Chris Abel
    Real Estate License ID: 670646, Texas
    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
    24920 Saddlespur Lane, 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!