Updated Office Building Near
6701 Hwy Blvd Katy, TX 77494
6701 Hwy Blvd, Katy, TX, 77494
Contact for pricing
For Sale
Contact for pricing
Pending
Two-story office building with updated common spaces and ample parking.
Property Size13,574 SF
Days on Market945
Property Features for 6701 Hwy Blvd
General Information
- Standard status
- Pending
- Size
- 13,574 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing agency
Martha Turner | Sotheby's International Realty
Listed by
Kim Rensimer · License #633889
Source
Crexi
Added: Dec 20, 2023 Updated: Jul 6 at 8:21AM Checked: Jul 21 at 11:19AM
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 Martha Turner | Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-story office building features updated common spaces, flooring, and restrooms. The building offers stairway access on two sides. It is located near I-10 off Hwy Blvd, next to Katy High School. The property is suitable for small business owners and provides ample parking spaces with controlled access. The property size is 13574 square feet.
Key Highlights
- Updated common spaces, flooring, and restrooms.
- Located near I‑10 off Hwy Blvd next to Katy High School.
- Ample parking spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $347.0k | $25.56 |
| − Vacancy | −$95.1k | −$7.00 |
| EGI | $251.9k | $18.56 |
| − OpEx | −$63.0k | −$4.64 |
| NOI | $188.9k | $13.92 |
13,574 SF · lease $25.56/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $188,915 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$169.10M
$147.96M – $197.28M
NOI $11,836,920 @ 7.0% cap · market cap 473.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Moe Chatbot - best ...
Production Facility
ARVerity
Tech Support Center
SANS Global Technologies ...
(Bike/Boat/Book/etc) Store
Foundation Strategies
Employment Agency
Brazos Mechanical Services, ...
Plumbing Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with updated common spaces and ample parking.
Where is this office building located?
The property is located at 6701 Hwy Blvd Katy, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Updated common spaces, flooring, and restrooms.; Located near I‑10 off Hwy Blvd next to Katy High School.; Ample parking spaces.
