Technical
Financial
Distress signals
Property profile

1002 Katy Gap Rd 389 Katy, TX 77494

OFF-MARKET
Garden apartment buildings
Property ID
US83-0211819
33,546 SF 18.23 ac lot Built 2016
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2016
Construction FRAME
Total area 33,546 SF
Lot 18.23 ac (794,099 SF)
APN 1368760010005
UPID US83-0211819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Moving Company
  • Hair Salon
  • Charitable Organization
  • Hotel & Motel Bed & Breakfast

Location

1002 Katy Gap Rd, Unit 389 Katy, TX 77494-7882
Katy metro Census 455300 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.06M

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.6M +146.3%
Retail stores $1.0M +56.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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