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    Main St Katy, TX 77494
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    Main St, Katy, TX 77494

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    • Retirement homes
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    Katy Assisted Living Opportunity For Sale
    Contact for pricing

    Katy Assisted Living Opportunity

    Thriving 40+ unit senior care facility.

    0 Main St, Katy, TX 77494
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 0 Main St

    Property type
    Retirement homes

    Description

    This exceptional 40+ unit assisted living and memory care community is currently operational in Katy, Texas, located on Main Street, zip code 77494, within Fort Bend County. The property presents a significant investment opportunity in the growing senior care market. Its versatile design allows for potential expansion into behavioral health services, catering to a wider range of senior care needs. The existing infrastructure and operational status offer immediate revenue generation potential. Situated in Katy, TX, the property benefits from a desirable location with convenient access to local amenities and transportation. Detailed financial information and operational data are available upon request. This is a turnkey opportunity for an investor seeking a stable and growing asset in the senior living sector. The property's current configuration and potential for diversification make it an attractive investment for experienced operators and developers alike. Further due diligence is encouraged to fully assess the property's potential and suitability for your investment strategy. The property is located at the coordinates 29.7731416 latitude and -95.8238355 longitude. Contact us to schedule a viewing and obtain comprehensive property details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8238
    Latitude
    29.7731

    Comparable in this City

    • Value Estimation
      $975,000
      66,340 SF

      23553 Fernhurst Dr, Unit 130

      HOMES (RETIRED, NURSING)
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      View Details
    • Value Estimation
      $600,000
      65,176 SF

      1520 Katy Gap Rd

      HOMES (RETIRED, NURSING)
      1520 Katy Gap Rd, Katy, TX 77494-7405
      View Details
    • Value Estimation
      $1,110,000
      71,031 SF

      24802 Kingsland Blvd

      HOMES (RETIRED, NURSING)
      24802 Kingsland Blvd, Katy, TX 77494-6400
      View Details
    • Value Estimation by Request
      5,374 SF

      25110 Pecan Ln

      Retirement homes
      25110 Pecan Ln, Katy, TX 77494
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    • Value Estimation by Request
      5,280 SF

      1325 Main St

      Medical Office Space
      1325 Main St, Katy, TX 77494
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    • Value Estimation by Request
      5,280 SF

      1325 Main St

      Medical Office Space
      1325 Main St, Katy, TX 77494
      View Details

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      Katy Assisted Living Opportunity

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      0 Main St, Katy, TX 77494
      View Details
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      Commercial Lot Near I-10

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      Katy Medical Plaza For Rent

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      Neighborhood Retail Center

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      Restaurant Space in Cinco Ranch

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      9,506 SF

      Retail Space Near HEB, I-10

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      8,992 SF

      Katy Medical/Office/Retail Space Available

      Medical, office, or retail space on Grand Parkway near Cinco Ranch.
      410 West Grand Pkwy South, Katy, TX 77494
      View Details
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    Katy, TX 77494
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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.

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