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    Property profile & analytics

    24668 Kingsland Blvd Katy, TX 77494-3386

    • Office buildings
    • 1,564 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    9.6%
    Office buildings
    Location Intelligence
    Property ID
    US82-9694457
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 24668 Kingsland Blvd

    Year built
    2013
    Construction
    BRICK
    Lot size
    0.07 lot acres
    Property size
    1,564 SF
    Property type
    Office buildings
    APN
    1344230010002
    APU
    1344230010002

    Description

    This exceptional Class A medical office building, located at 24668 Kingsland Blvd in Katy, Texas 77494, presents a unique opportunity for medical professionals seeking a turnkey space. Built in 2013, the 1,672 square foot single-tenant building boasts a modern design and high-quality finishes. The entire space is currently vacant, providing immediate occupancy for a new tenant. The building features an impressive 11-foot ceiling height, creating a spacious and comfortable environment. Ample parking is available with 8 designated spaces. Its central Katy location offers convenient access for patients and staff alike. The property is well-maintained and ready for immediate use, eliminating the need for extensive renovations or upgrades. This is an ideal opportunity to establish or relocate a medical practice in a thriving community. The property's prime location and modern amenities make it an attractive option for a variety of medical specialties. The building's single-tenant occupancy ensures privacy and control over the space. Don't miss this chance to secure this exceptional medical office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $346,000
      Market price range: $346k - $393k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7982
    Latitude
    29.7744
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $5,419
    $47,640
    $244,989
    $292,629
    -
    $47,640
    $244,989
    $292,629

    Comparable in this City

    • Value Estimation by Request

      25959 Westheimer Pkwy

      OFFICE BUILDING (MULTI-STORY)
      25959 Westheimer Pkwy, Katy, TX 77494-5366
      View Details
    • Value Estimation
      $1,010,000
      159,655 SF

      24275 Katy Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 159,655 SF
      24275 Katy Fwy, Katy, TX 77494-7257
      View Details
    • Value Estimation
      $260,000
      3,386 SF

      23215 Red Riv Dr

      OFFICE BUILDING • 3,386 SF
      23215 Red Riv Dr, Katy, TX 77494-2031
      View Details
    • Value Estimation
      $235,000
      3,726 SF

      23242 Kingsplace Dr

      OFFICE BUILDING • 3,726 SF
      23242 Kingsplace Dr, Katy, TX 77494-2075
      View Details
    • Value Estimation
      $330,000
      5,840 SF

      24530 Kingsland Blvd

      OFFICE BUILDING • 5,840 SF
      24530 Kingsland Blvd, Katy, TX 77494-3429
      View Details
    • Value Estimation
      $435,000
      7,974 SF

      24616 Kingsland Blvd

      OFFICE BUILDING • 7,974 SF
      24616 Kingsland Blvd, Katy, TX 77494-3386
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,900 SF

      Kingsland Boulevard Office Building

      Well-maintained 11,900 SF office building near Cinco Ranch.
      23537 Kingsland Blvd, Katy, TX 77494
      View Details
    • $1,800,000
      39,480 SF

      Kingsland Blvd Medical Office Building

      Prime Katy, TX Medical Office - 39,480 SF
      0 Kingsland Blvd, Katy, TX 77494
      View Details
    • $330,000
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      Katy Luxury Garage Condo Investment

      High-end, income-producing garage condo.
      1435 Fm 1463 -, Katy, TX 77494
      View Details
    • $2,500,000
      13,574 SF

      Katy Office Building - $2.5M

      Vacant, 13,574 SF Office Building in Katy, TX
      6701 Highway Blvd, Katy, TX 77494
      View Details
    • $1,900,000
      2.16 Acres

      Katy Hwy 90 Commercial Land

      Prime 2.16-acre commercial lot. Ready for development.
      90 Highway Blvd, Katy, TX 77494
      View Details
    • $5,734,080
      1.23 Acres

      Katy Retail Center: Prime Location

      100% Leased Retail Center, High NOI
      2212 Katy Flewellen Rd, Katy, TX 77494
      View Details

    Similar Nearby for Lease

    • $264 SF/Yr
      13,574 SF

      Katy Office Space for Lease

      1,000-2,250 SF Suites Available
      6701 Highway Blvd, Katy, TX 77494
      View Details
    • Contact for pricing
      20,300 SF

      Prime Katy Medical Office Space

      2,800 SF Available in Thriving Center
      2750 Fm 1463 Rd, Katy, TX 77494
      View Details
    • $30 SF/Yr
      74,656 SF

      Katy Medical Office Space For Lease

      Modern medical & retail suites available.
      410 Grand Pkwy, Katy, TX 77494
      View Details
    • $9,500,000
      2,580 SF

      Office Space Near Grand Parkway

      Office space in growing Katy area near Grand Parkway.
      3815 Grand Pkwy, Katy, TX 77494
      View Details
    • $314 /Mo
      1,225 SF

      Katy Medical Office Condo For Lease

      Class A, 1225 SF, Prime Location
      23410 Grand Reserve Dr, Katy, TX 77494
      View Details
    • Contact for pricing
      1,320 SF

      Katy Main Square Office Suite

      1,320 sq ft, Brand New Office Space
      1325 Main St, Katy, TX 77494
      View Details
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    Katy, TX 77494-3386
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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