Office
For Sale
Contact for pricing
25145 STAR LN, Katy, TX
Built in 2023 and expected to be vacant at closing.
Property Size1,225 SF
Price / SF$314.29
Days on Market124
Property Features for 25145 STAR LN
General Information
Standard status
Active
Size
1,225 SF
Class
B
Property subtype
Retail, Office, Hospitality
Occupancy
100%
Additional Details
Asking Price
$385,000
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Regions Commercial Partners
Listed By:
Khanh Ha · License #0705152
Source:
Crexi
Added: Apr 29
Changed: Aug 29
Last Checked: Aug 29 at 1:43PM
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 Regions Commercial Partners
Investment Insights
Based on property information with market context.
Office Unit 203 at 25145 Star Ln in Katy provides 1,225 square feet of commercial space within a 2023-built property. The unit is currently occupied by a tenant, with vacancy planned before closing.
Showings are available by appointment, and the existing occupant should not be disturbed. The property offers a straightforward opportunity to acquire a recently constructed office unit in Katy.
Showings are available by appointment, and the existing occupant should not be disturbed. The property offers a straightforward opportunity to acquire a recently constructed office unit in Katy.
Key Highlights
- 1,225 SF office unit
- Built in 2023
- Suite 203 at 25145 Star Ln, Katy, TX
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,980
$341.0K
Cap Rate 7%
$243,557
$243.6K
Cap Rate 9%
$189,433
$189.4K
Market Conditions
NOI Build-Up for 1,225 SF
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.
Gross rent
$31.3K $25.56/SF
− Vacancy
−$8.6K −$7.00/SF
EGI
$22.7K $18.56/SF
− OpEx
−$5.7K −$4.64/SF
NOI
$17.0K $13.92/SF
Area
Fort Bend County, TX
Vacancy
27.40%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,980
Cap Rate 7%
$243,557
Cap Rate 9%
$189,433
Alternative Uses
Best Use
Office B
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 4.43%
Second Best
Retail
$237.0K
$207.4K – $276.6K
NOI $16,593 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$15.26M
$13.35M – $17.80M
NOI $1,068,235 @ 7.0% cap · market cap 277.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2023 and expected to be vacant at closing.
Where is this office units located?
The property is located at 25145 STAR LN Katy, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,225 SF office unit; Built in 2023; Suite 203 at 25145 Star Ln, Katy, TX
