Built-Out Office
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For Sale
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25145 Star Lane, Katy, TX 77494
Owner-user office suite with private offices, conference space, reception, breakroom, and dedicated restroom.
Property Size1,225 SF
Price / SF$306.12
Days on Market5
Property Features for 25145 Star Lane
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Retail, Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground Floor
Amenities
private front-door entrances
individual HVAC systems
separately metered electricity
professionally maintained landscaping and common areas
Building Details
Stories
1
Listing Agency:
PAT NAVARETTE
Listed By:
Mike Navarette - CCIM · License #TX #697577
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:29PM
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 PAT NAVARETTE
Investment Insights
Based on property information with market context.
Suite 203 is a 1,225 SF office condominium configured for professional business operations. The layout includes a reception and waiting area, glass-enclosed conference room, three private offices, breakroom, private ADA restroom, and several storage areas. The breakroom is equipped with built-in cabinetry, granite counters, sink, and microwave. Tinted exterior windows provide daylight and added privacy, while existing telephone and internet wiring supports immediate office use.
Katy Mills Office Center is a single-story development with private entrances, surface parking, individual HVAC systems, and separately metered electricity. Professionally maintained landscaping and common areas are managed through the Community Management Association. The property is located at 25145 Star Lane in Katy, with access to Interstate 10 and Grand Parkway (SH-99), and proximity to Katy Mills Mall, Typhoon Texas, Memorial Hermann Katy, and the Katy Boardwalk area.
Katy Mills Office Center is a single-story development with private entrances, surface parking, individual HVAC systems, and separately metered electricity. Professionally maintained landscaping and common areas are managed through the Community Management Association. The property is located at 25145 Star Lane in Katy, with access to Interstate 10 and Grand Parkway (SH-99), and proximity to Katy Mills Mall, Typhoon Texas, Memorial Hermann Katy, and the Katy Boardwalk area.
Key Highlights
- 1,225 SF office condominium in Suite 203
- Three private offices plus a dedicated conference room
- Reception and waiting area with separate client‑facing and private work areas
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
4.55%
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 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.26M
$13.35M – $17.80M
NOI $1,068,235 @ 7.0% cap · market cap 284.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 77494, TX
130,872
Population
44,520
Households
2.9
Avg Household Size
35
Median Age
66%
College-Educated
96%
High-School Grad
37.9 sq mi
ZIP Area
3,453
Density / Sq Mi
$146,105
Median Household Income
$68,773
Median Earnings
$2,044
Median Rent
$450,100
Median Home Value
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 - Owner-user office suite with private offices, conference space, reception, breakroom, and dedicated restroom.
Where is this office units located?
The property is located at 25145 Star Lane Katy, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,225 SF office condominium in Suite 203; Three private offices plus a dedicated conference room; Reception and waiting area with separate client‑facing and private work areas
