Flex Office/Warehouse on
4801 Katy Freeway Houston, TX 77007
4801 Katy Freeway, Houston, TX, 77007
Contact for pricing
For Sale
Contact for pricing
Concrete tiltwall flex office/warehouse with a grade-level door and 100 feet each of Katy and Shepherd frontage.
Property Size5,680 SF
Lot Size0.34 Acres
Price / SF$334.51
Days on Market83
Property Features for 4801 Katy Freeway
General Information
- Standard status
- Active
- Size
- 5,680 SF
- Lot size
- 0.34 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1973
Listing agency
HighStreet Net Lease Group
Listed by
Matt Moake · License #TX 556958
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 12:33PM Checked: Jul 21 at 12:33PM
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 HighStreet Net Lease Group
Investment Insights
Based on property information with market context.
This flex office/warehouse asset includes approximately 5,680 square feet of concrete tiltwall construction and a 1 grade level door fronting Shepherd. The property is currently 100% occupied by two long-term tenants on month-to-month leases, with the ability to retain existing tenants or support owner/occupier use depending on near-term needs. Tenants can vacate with 90-day notice.
The site sits on a hard corner along Katy Freeway and Shepherd, with 100 feet of Katy Fwy frontage and 100 feet of Shepherd frontage, providing high visibility. The land footprint is listed at 15,000 square feet, and the offering includes 20 parking spaces between the primary building site and off-site parking at 4711 Nolda one block to the east.
The configuration supports dual-purpose use and frontage on major arterials, with practical access for tenants and visitors given the on-site and nearby parking arrangement.
The site sits on a hard corner along Katy Freeway and Shepherd, with 100 feet of Katy Fwy frontage and 100 feet of Shepherd frontage, providing high visibility. The land footprint is listed at 15,000 square feet, and the offering includes 20 parking spaces between the primary building site and off-site parking at 4711 Nolda one block to the east.
The configuration supports dual-purpose use and frontage on major arterials, with practical access for tenants and visitors given the on-site and nearby parking arrangement.
Key Highlights
- ±5,680 SF office/warehouse on a hard corner of Shepherd and Katy Freeway
- Concrete tiltwall construction with 1 grade‑level door fronting Shepherd
- Land footprint of 15,000 SF with 100' frontage on Katy Fwy and 100' frontage on Shepherd
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.7k | $21.60 |
| − Vacancy | −$34.4k | −$6.05 |
| EGI | $88.3k | $15.55 |
| − OpEx | −$22.1k | −$3.89 |
| NOI | $66.3k | $11.66 |
5,680 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$946.5K
$828.2K – $1.10M
NOI $66,252 @ 7.0% cap · market cap 3.49%
Second Best
Flex RnD
$844.9K
$739.3K – $985.8K
NOI $59,146 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,240 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Concrete tiltwall flex office/warehouse with a grade-level door and 100 feet each of Katy and Shepherd frontage.
Where is this flex space located?
The property is located at 4801 Katy Freeway Houston, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: ±5,680 SF office/warehouse on a hard corner of Shepherd and Katy Freeway; Concrete tiltwall construction with 1 grade‑level door fronting Shepherd; Land footprint of 15,000 SF with 100' frontage on Katy Fwy and 100' frontage on Shepherd
