503 Park Grv Dr Katy, TX 77450
This exceptional 2,700-square-foot Class B medical office building in Katy, Texas, presents a fantastic investment opportunity. Located at 503 Park Grove Dr, 77450, this single-story, freestanding building sits on a 0.37-acre lot and boasts ample surface parking (7.22 spaces per 1,000 sq ft), including convenient ADA access. Built in 2005, the property is currently vacant and features recent updates including fresh paint and flooring. The interior layout includes seven plus offices, a spacious lobby with reception area, a lockable closet and filing room, a dedicated lab room, a mechanical room, a large kitchen area, and multiple restrooms. Its desirable location offers easy access to I-10 and Mason Road, ensuring high visibility and convenient commutes for both patients and staff. The building's light and airy contemporary finishes create a welcoming and professional atmosphere. The asking price is $789,000, translating to $288.24 per square foot. The property's APN is 1267200010003. This is a turnkey opportunity for a medical practice seeking a well-maintained, conveniently located space. The building's surprisingly large offices provide ample room for expansion and customization.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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