1435 Fm 1463 -Katy, TX 77494

Property Details for 1435 Fm 1463 -

Year built

2020

Lot size

4.76 AC

Property size (Sq ft)

853 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Katy

County

Fort Bend

State

Texas

Latitude

29.7655

Longitude

-95.8398

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