Office Campus with Event
For Sale
$6,900,000
5443 Katy Hockley Cut Off Road, Katy, TX 77493
Multi-building property combines office, culinary, and event facilities with gated access and extensive parking.
Property Size25,189 SF
Lot Size19.20 Acres
Price / SF$273.93
Days on Market90
Property Features for 5443 Katy Hockley Cut Off Road
General Information
Standard status
Active
Size
25,189 SF
Lot size
19.20 Acres
Property subtype
Industrial
Additional Details
Road Access
Yes
Amenities
commercial kitchen
multiple conference rooms
large outdoor pavilion
gated and secured
detention ponds
backup diesel generators
Building Details
Building Size
25,189 SF
Year Built
2000
Buildings
5
Listing Agency:
(713) 907-4195
Listed By:
Ron Roberson, CCIM, SIOR · License #TX #436714
(713) 907-4195
Source:
Caldwellcos
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 5:07PM
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 Ron Roberson, CCIM, SIOR
Investment Insights
Based on property information with market context.
This 19.2-acre office campus includes 5 buildings totaling 25,189 improved SF, with office, culinary, and event areas arranged across a campus setting. The improvements include 50+ offices, multiple conference rooms, a commercial kitchen, high-quality finishes, and an outdoor pavilion. More than 25,000 SF of covered equipment storage is also provided, along with 3+ acres of stabilized land.
Located at 5443 Katy Hockley Cut Off Road in Katy, the property has frontage on Katy Hockley Cut-Off Rd and is surrounded by residential growth. The gated and secured site includes detention ponds and backup diesel generators serving the campus. Katy ISD’s Agricultural Sciences Complex is adjacent to the property.
Located at 5443 Katy Hockley Cut Off Road in Katy, the property has frontage on Katy Hockley Cut-Off Rd and is surrounded by residential growth. The gated and secured site includes detention ponds and backup diesel generators serving the campus. Katy ISD’s Agricultural Sciences Complex is adjacent to the property.
Key Highlights
- 19.2‑acre office campus with 5 buildings totaling 25,189 improved SF
- 25,000 SF of covered equipment storage plus 3+ acres of stabilized land
- 50+ offices, multiple conference rooms, commercial kitchen, and event facilities
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
$350,566
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
5.08%
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%
$7,011,320
$7.0M
Cap Rate 7%
$5,008,086
$5.0M
Cap Rate 9%
$3,895,178
$3.9M
Market Conditions
NOI Build-Up for 25,189 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
$643.8K $25.56/SF
− Vacancy
−$176.4K −$7.00/SF
EGI
$467.4K $18.56/SF
− OpEx
−$116.9K −$4.64/SF
NOI
$350.6K $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%
$7,011,320
Cap Rate 7%
$5,008,086
Cap Rate 9%
$3,895,178
Alternative Uses
Best Use
Office B
$5.01M
$4.38M – $5.84M
NOI $350,566 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$2.22M
$1.95M – $2.59M
NOI $155,679 @ 7.0% cap · market cap 2.26%
Theoretical Best
Multifamily LT 5
$313.79M
$274.57M – $366.09M
NOI $21,965,536 @ 7.0% cap · market cap 318.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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
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 building - Multi-building property combines office, culinary, and event facilities with gated access and extensive parking.
Where is this office building located?
The property is located at 5443 Katy Hockley Cut Off Road Katy, TX.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 19.2‑acre office campus with 5 buildings totaling 25,189 improved SF; 25,000 SF of covered equipment storage plus 3+ acres of stabilized land; 50+ offices, multiple conference rooms, commercial kitchen, and event facilities
