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    700 Igloo Rd Pattison, TX 77423

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    For Lease
    Contact for pricing

    Class A warehouse space, Katy, TX. Multiple suites available.

    Lot size:
    1,083,420 SF

    Property Features for 700 Igloo Rd

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,083,420 SF

    Building Details

    Year Built
    2020
    Buildings
    2

    Spaces For Lease

    at 700 Igloo Rd, Pattison, TX 77423 Contact us

    We can help!

    Listing Contact
    Robert Alinger
    Robert Alinger

    Listing Agency: Colliers - Houston, Texas Listing Agent: Robert Alinger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Katy, Texas industrial property, located at 700-500 Igloo Road, 77423, offers 1,083,420 square feet of Class A warehouse space within two buildings, situated on 87 acres in Waller County. Currently, the entire 1,083,420 square feet is available, divisible into units ranging from a minimum of 90,000 square feet to a maximum contiguous space of 680,940 square feet. Built in 2020, these institutional-grade tilt-wall structures feature high-efficiency TPO roofs, 32' to 36' ceiling heights, ESFR sprinkler systems, and ample LED lighting. Build-to-suit office space is available. The property boasts generous trailer parking and dedicated truck circulation roads, ensuring efficient operations. Benefitting from one of the lowest tax rates in the area and served by City of Katy utilities, this location provides superior connectivity to Greater Houston via proximity to the Grand Parkway, Highway 290, Highway 59, Highway 90, and Interstate 10, with potential I-10 signage opportunities. This prime location offers direct and convenient access to major transportation arteries, making it an ideal choice for various industrial and distribution needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Pattison
    County
    Waller
    State
    Texas
    Longitude
    -95.9013493
    Latitude
    29.7852553

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    FAQs

    What type of property is this?
    Distribution center - Class A warehouse space, Katy, TX. Multiple suites available.
    Where is this distribution center located?
    The property is located at 700 Igloo Rd Pattison, TX.
    What are key features of this property?
    This property features: 1,083,420 SF of Class A warehouse space available in two buildings on 87 acres in Katy, TX.; Building 2 (700 Igloo Rd): 402,480 SF, divisible to 90,000 SF, 32' clear height, ESFR sprinklers, cross-dock configuration, build-to-suit office space available.; Building 3 (500 Igloo Rd): 680,940 SF, divisible to 170,000 SF, 36' clear height, ESFR sprinklers, cross-dock configuration, build-to-suit office space available.
    (713) 222-2111 Call to check price and availability
    Request Owner's contact information
    700 Igloo Rd Pattison, TX 77423
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    Pattison, TX 77423
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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
    700 Igloo Rd Pattison, TX 77423
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Alinger
    Robert Alinger
    Real Estate License ID: 562023
    (713) 222-2111 (713) 830-2167 (713) 724-7208
    Learn more
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