Katy Industrial Property Near
For Sale
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5350 East 5th Street, Katy, TX 77493
16,500 SF industrial property with easy access to I-10.
Property Size16,500 SF
Price / SF$154.55
Days on Market143
Property Features for 5350 East 5th Street
General Information
Standard status
Active
Size
16,500 SF
Class
A
Property subtype
Retail, Industrial, Mixed Use
Zoning
C-1, Commercial District
Occupancy
91%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$202,350
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
VeMex Investments
Listed By:
Neil Sinclair · License #TX 9004054
(281) 599-7600
Source:
Crexi
Added: May 25
Changed: Oct 8
Last Checked: Oct 12 at 5:38PM
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 VeMex Investments
Investment Insights
Based on property information with market context.
Located in a prime Katy location, the 5th St Business Park offers a 16,500 SF metal building suitable for industrial use. The property provides convenient access to I-10 and the Grand Parkway. The building features full insulation, LED energy-efficient lighting, and an 18-foot eave height. A full HVAC system is installed in the largest tenant space, which measures 10,500 SF. Each bay is equipped with one 12' x 12' grade-level insulated door, facilitating loading operations for tenants.
Key Highlights
- Prime Katy location with easy access to I‑10 and Grand Parkway.
- 16,500 SF metal building with 10,500 SF space having a full HVAC system.
- 18‑foot eave height.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,981
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,620
$1.7M
Cap Rate 7%
$1,199,729
$1.2M
Cap Rate 9%
$933,122
$933.1K
Market Conditions
NOI Build-Up for 16,500 SF
Gross rent
$128.0K $7.76/SF
− Vacancy
−$8.1K −$0.49/SF
EGI
$120.0K $7.27/SF
− OpEx
−$36.0K −$2.18/SF
NOI
$84.0K $5.09/SF
Area
Fort Bend County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,620
Cap Rate 7%
$1,199,729
Cap Rate 9%
$933,122
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,981 @ 7.0% cap · market cap 3.29%
Second Best
Flex RnD
$1.15M
$1.01M – $1.35M
NOI $80,797 @ 7.0% cap · market cap 3.17%
Theoretical Best
Multifamily LT 5
$205.55M
$179.86M – $239.81M
NOI $14,388,477 @ 7.0% cap · market cap 564.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77493, TX
51,774
Population
20,552
Households
2.5
Avg Household Size
34
Median Age
44%
College-Educated
92%
High-School Grad
61.8 sq mi
ZIP Area
838
Density / Sq Mi
$113,388
Median Household Income
$52,940
Median Earnings
$1,806
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Chez Grill Catering and Special Events — 5304 E 5th St, Katy, TX 77493
Frequently Asked Questions
What type of property is this?
Flex space - 16,500 SF industrial property with easy access to I-10.
Where is this flex space located?
The property is located at 5350 East 5th Street Katy, TX.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Prime Katy location with easy access to I‑10 and Grand Parkway.; 16,500 SF metal building with **10,500 SF space having a full HVAC system.**; 18‑foot eave height.
