Property profile

1140 Mason Rd Katy, TX 77450

OFF-MARKET
Auto shops
Property ID
US83-4255141
4,182 SF 0.71 ac lot Built 1997
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,182 square foot auto shop, located at 1140 S Mason Rd in Katy, Texas (77450), presents a rare investment opportunity. Situated on a 0.71-acre lot, the property boasts a strong 100% occupancy rate under a single-tenant lease with 19.2 years remaining (commencing February 9, 2024, and expiring February 9, 2044). The lease includes five 5-year renewal options, providing long-term stability and predictable income. The building was renovated in 1998. This prime location benefits from high traffic volume, with a reported 42,053 vehicles passing daily. The surrounding area demonstrates strong demographics, featuring a population of 306,754 within a 5-mile radius and an average household income exceeding $139,070 within a 3-mile radius. The property's proximity to I-10 (less than 2 miles south on Mason Road) ensures excellent accessibility and visibility. This is an ideal investment for those seeking a stable, long-term income stream in a high-growth area. The property is classified as retail, with an auto shop subtype.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Construction CONCRETE BLOCKS
Total area 4,182 SF
Lot 0.71 ac (31,050 SF)
APN 1192300010001
UPID US83-4255141

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
  • Auto Repair Shop

Location

1140 Mason Rd Katy, TX 77450-3841
Katy metro Census 455103 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2013
7 recorded transactions
2019
Price N/A
2013
Price N/A
2010
Price N/A
2009
Price N/A
2008
Price N/A
2005
Price N/A
1969
Price N/A

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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