Professional Office
446 PARK GROVE DR, Katy, TX
For Sale
New
Contact for pricing
Connections to I-10 and Highway 99 link the property with Katy and the greater Houston market.
Property Size2,250 SF
Price / SF$333.29
Days on Market5
Property Features for 446 PARK GROVE DR
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Keller Williams Premier Realty Katy
Listed By:
Jimbo Homeyer · License #tx
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:22PM
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 Keller Williams Premier Realty Katy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,250-square-foot office building is positioned for professional service use, including medical, accounting, legal, financial advisory, and consulting practices.
The property is in Katy, with access to I-10 and Highway 99 for travel across the greater Houston market.
The property is in Katy, with access to I-10 and Highway 99 for travel across the greater Houston market.
Key Highlights
- 2,250‑square‑foot office building
- Access to I‑10 and Highway 99
- Professional service uses identified include medical, accounting, legal, financial advisory, and consulting practices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,314
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,280
$626.3K
Cap Rate 7%
$447,343
$447.3K
Cap Rate 9%
$347,933
$347.9K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$57.5K $25.56/SF
− Vacancy
−$15.8K −$7.00/SF
EGI
$41.8K $18.56/SF
− OpEx
−$10.4K −$4.64/SF
NOI
$31.3K $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 Rate 5%
$626,280
Cap Rate 7%
$447,343
Cap Rate 9%
$347,933
Alternative Uses
Best Use
Office B
$447.3K
$391.4K – $521.9K
NOI $31,314 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$728.7K
$637.6K – $850.1K
NOI $51,006 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Fort Bend County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Connections to I-10 and Highway 99 link the property with Katy and the greater Houston market.
Where is this office building located?
The property is located at 446 PARK GROVE DR Katy, TX.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,250‑square‑foot office building; Access to I‑10 and Highway 99; Professional service uses identified include medical, accounting, legal, financial advisory, and consulting practices
