Westgreen Boulevard Office
518 Westgreen Blvd, Katy, TX 77450
For Sale
Contact for pricing
5,733 SF office building on approximately 1 acre.
Property Size5,733 SF
Lot Size1.00 Acre
Price / SF$261.64
Days on Market371
Property Features for 518 Westgreen Blvd
General Information
Standard status
Size
Class
Lot size
Property subtype
Occupancy
Building Details
Year Built
Year Renovated
Stories
Listing Agency:
Transwestern Houston
Listed By:
Bobbie Bozarth · License TX #447440
(713) 272-1221
Source:
Crexi
Added: Nov 5, 2025
Changed: Aug 8
Last Checked: Aug 8 at 11:15AM
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 Transwestern Houston
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Investment Insights
Based on property information with market context.
This commercial property features an office building with a total area of approximately 5,733 square feet, situated on a lot of approximately 1 acre. Constructed as a shell building in 2011, the interior was built out in 2017. Approximately 3,822 square feet of the building is currently available and vacant. The property provides ample surface parking. Signage opportunities are available on Westgreen.
Key Highlights
- Vacant 3,822 SF Shell Building Available
- Ample Surface Parking
- Signage Available on Westgreen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,789
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,595,780
$1.6M
Cap Rate 7%
$1,139,843
$1.1M
Cap Rate 9%
$886,544
$886.5K
Market Conditions
NOI Build-Up for 5,733 SF
Gross rent
$146.5K $25.56/SF
− Vacancy
−$40.2K −$7.00/SF
EGI
$106.4K $18.56/SF
− OpEx
−$26.6K −$4.64/SF
NOI
$79.8K $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%
$1,595,780
Cap Rate 7%
$1,139,843
Cap Rate 9%
$886,544
Alternative Uses
Best Use
Office B
$1.14M
$997.4K – $1.33M
NOI $79,789 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.86M
$1.62M – $2.17M
NOI $129,964 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
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Business Placement
Demographics for 77450, TX
72,977
Population
26,259
Households
2.8
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
3,704
Density / Sq Mi
$105,607
Median Household Income
$55,656
Median Earnings
$1,730
Median Rent
$342,000
Median Home Value
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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 - 5,733 SF office building on approximately 1 acre.
Where is this office building located?
The property is located at 518 Westgreen Blvd Katy, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Vacant 3,822 SF Shell Building Available; Ample Surface Parking; Signage Available on Westgreen
