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    3919 Fry Rd Katy, TX 77449

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    3919 Fry Rd Katy, TX 77449

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    • Office properties & Spaces
    • 6,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Care Plus Clinic / Medical Clinic
    • Dr. Nancy Naghavi / Pediatrician / Physician
    • Cameron Perry / Physician
    • Erliz Maldonado / Medical Clinic
    • Family Care Plus Rehab / Medical Clinic

    Property Details for 3919 Fry Rd

    Year built
    2013
    Property size
    6,500 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 6,500-square-foot medical office building, situated on a 1.16-acre lot in Katy, Texas, presents a unique investment opportunity. Built in 2013, this Class B, two-story building is currently entirely vacant, offering immediate occupancy for a single tenant. Located at 3919 N Fry Rd, in Harris County, zip code 77449, the property benefits from a high-traffic corner location at the intersection of Fry and Clay Roads. The building's 2013 construction ensures modern amenities and efficient layouts, ideal for a variety of medical practices. The substantial 6,500 square feet provides ample space for expansion and customization. This property represents a compelling opportunity for medical professionals seeking a prominent location in a thriving Katy community. The entire building is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7206
    Latitude
    29.8298

    Comparable in this City

    • Value Estimation by Request
      17,124 SF

      3919 Fry Rd

      Medical Office Space • 17,124 SF
      3919 Fry Rd, Katy, TX 77449
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    • Value Estimation by Request
      1,200 SF

      2715 Mason Rd

      Medical Office Space • 1,200 SF
      2715 Mason Rd, Katy, TX 77449
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    • Value Estimation by Request
      5,280 SF

      2043 Mason Rd

      Medical Office Space • 5,280 SF
      2043 Mason Rd, Katy, TX 77449
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    • Value Estimation
      $1,740,000
      23,976 SF

      21630 Merchants Way

      MEDICAL BUILDING • 23,976 SF
      21630 Merchants Way, Katy, TX 77449-2514
      View Details
    • Value Estimation
      $505,000
      7,780 SF

      1987 Fry Rd

      MEDICAL BUILDING • 7,780 SF
      1987 Fry Rd, Katy, TX 77449-3349
      View Details
    • Value Estimation
      $665,000
      9,213 SF

      2620 Mason Rd

      MEDICAL BUILDING • 9,213 SF
      2620 Mason Rd, Katy, TX 77449
      View Details

    Similar Nearby for Sale

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      201,683 SF

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      Fry Road Commercial Land Available

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      1,200 SF

      New Office Condo Development

      Office condos for sale or lease in Katy, Texas.
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      405,979 SF

      Clay Road @ Bridgewater Meadow Dr, Katy, TX 77449

      Commercial land • 405,979 SF
      Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
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    • $3,478,000
      9.56 Acres

      Katy Commercial Land - Prime Location

      9.56 Acres, C-1 Zoning, High Visibility
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    Similar Nearby for Lease

    • Contact for pricing

      Katy Medical Building For Lease

      6,500 SF medical building in high-traffic Katy location.
      3919 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Medical Office Space Available

      First generation medical office space in high-traffic location.
      3919 N Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Commercial spaces for rent with high traffic exposure.
      19560 Clay Rd, Katy, TX 77449
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    • Contact for pricing

      Katy Warehouse and Office Space

      81,000 SF in three buildings available for lease.
      3115 North Fry Rd, Katy, TX 77449
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      11,984 SF

      Katy Office Space Available

      Office building with 11,984 square feet available for rent.
      2002 West Grand Pkwy North, Katy, TX 77449
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    • Contact for pricing
      74,904 SF

      Katy Office Space Available

      74,904 square foot office space for rent in Katy.
      2322 W Grand Pkwy N, Katy, TX 77449
      View Details
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    3919 Fry Rd
    Katy, TX 77449
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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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    3919 Fry Rd, Katy, TX, 77449

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