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    1435 Fm 1463 - Katy, TX 77494

    Sponsored
    For Sale
    $330,000

    High-end, income-producing garage condo.

    Property size:
    853 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, mixed-use property in Katy, Texas, presents a lucrative investment opportunity. Located at 1435 FM 1463 - Unit 2, this 853-square-foot, two-story condo boasts a desirable blend of creative office and flex space, along with garage/parking capabilities. Built in 2020 and renovated in 2021, the unit features a 23-foot ceiling height, pre-wiring for phone, cable, and internet, a half bath, HVAC and heating system, 200-amp electrical service, speckled epoxy garage flooring, luxury vinyl tile (LVT) mezzanine flooring, a spiral staircase, a private office, and custom LED lighting. The property sits on a 4.76-acre lot within the PD - Woodcreek Reserve Planned Development District and includes access to an exclusive clubhouse. Currently operating under a gross lease with a single tenant, it offers a strong net operating income (NOI) of $30,000, resulting in a 9.09% cap rate. The asking price is $330,000, translating to $386.87 per square foot. This turnkey investment is ideal for those seeking immediate rental income and a high-return asset in a prime Katy location. The property's unique design and high-end finishes make it suitable for showcasing luxury vehicles or serving as an elegant and functional office space.

    Property Features for 1435 Fm 1463 -

    General Information

    Property type
    Automotive properties
    Square Feet
    853 SF
    Class
    A
    Lot Size
    207,346 SF

    Building Details

    Year Built/Renovated
    2020/2021
    Stories
    2
    Units
    1

    HighLights

    • Luxe Garage Condo with immediate rental income potential.
    • High‑end finishes, suitable for luxury car display or upscale office.
    • Prime, accessible Katy, TX location.
    • Features 23' ceilings, half bath, HVAC, 200‑amp electrical service, epoxy flooring, LVT mezzanine flooring, spiral staircase, private office, custom LED lighting, and clubhouse access.
    • $330,000 asking price, 853 square feet, 9.09% cap rate, $30,000 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8397618
    Latitude
    29.7654745

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    FAQs

    What type of property is this?
    Automotive property - High-end, income-producing garage condo.
    Where is this automotive property located?
    The property is located at 1435 Fm 1463 - Katy, TX.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: Luxe Garage Condo with immediate rental income potential.; High-end finishes, suitable for luxury car display or upscale office.; Prime, accessible Katy, TX location.
    Request Owner's contact information
    1435 Fm 1463 - Katy, TX 77494
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    Realmo Value Estimation

    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.

    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.

    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
    1435 Fm 1463 - Katy, TX 77494
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