New Office Condo
2715 N Mason Rd Katy, TX 77449
For Sale
Contact for pricing
Office condos for sale or lease in Katy, Texas.
Property Size1,200 SF
Price / SF$325
Days on Market817
Property Features for 2715 N Mason Rd
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 2024
Listing Agency:
Grey Realty
Listed By:
Veronica Grey · License #TX 777980
Source:
Crexi
Added: May 1, 2024
Changed: Jul 10
Last Checked: Jul 26 at 3:38PM
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 Grey Realty
Investment Insights
Based on property information with market context.
A new office condo development is currently under construction, featuring 33 buildings, each approximately 1,200 square feet. These units are intended for owner-users or investors looking to lease them out. Pre-selling is underway, with the first buildings expected to be completed by the end of 2024. The location will also include two larger buildings, each approximately 12,000 square feet, available for lease.
Key Highlights
- New office condo development.
- Ideal for owner‑users or investors.
- Pre‑selling now.
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 | $30.7k | $25.56 |
| − Vacancy | −$8.4k | −$7.00 |
| EGI | $22.3k | $18.56 |
| − OpEx | −$5.6k | −$4.64 |
| NOI | $16.7k | $13.92 |
1,200 SF · lease $25.56/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$238.6K
$208.8K – $278.4K
NOI $16,701 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.95M
$13.08M – $17.44M
NOI $1,046,435 @ 7.0% cap · market cap 268.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Office condos for sale or lease in Katy, Texas.
Where is this office units located?
The property is located at 2715 N Mason Rd Katy, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: New office condo development.; Ideal for owner‑users or investors.; Pre‑selling now.
