Current Use by Public Records
- Specialty properties
Property Details for 1435 Fm 1463 -
- Year built
- 2020
- Lot size
- 4.76 lot acres
- Property type
- Specialty properties
- Property subtype
- Office Spaces
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Katy
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.8398
- Latitude
- 29.7655
