Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11700 Katy Fwy, Unit 1388 Houston, TX 77079-1216

    • Office buildings
    • 347,437 SF
    • 4.80 lot acres
    OFF-MARKET
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3742412
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Superior HealthPlan / Insurance Agency
    • Higginbotham - Houston / Insurance Agency
    • Kimley-Horn / Engineering Consultant / Civil Engineer
    • WSB / Engineering Consultant
    • Blink Charging Station / Electric Vehicle Charging Station

    Property Details for 11700 Katy Fwy

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.80 lot acres
    Property size
    347,437 SF
    Property type
    Office buildings
    APN
    1194270010001
    APU
    1194270010001

    Description

    This exceptional 4,607-square-foot retail space, located at 11700 Katy Freeway in Houston, Texas, presents a unique investment opportunity. Currently vacant, the property is ideally suited for a fitness center or similar retail use. The building boasts a three-story structure, offering ample space for various configurations. Situated in Harris County, zip code 77079, this single-tenant property provides excellent visibility and accessibility along the heavily trafficked Katy Freeway. The ample parking, with a ratio of 4.28 spaces per 1,000 square feet, ensures convenient access for customers and employees. The entire 4,607 square feet is available for lease, providing a blank canvas for a new business venture. This location offers significant potential for growth and success within a thriving Houston market. The property's strategic location on Katy Freeway guarantees high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a busy commercial corridor. This is a rare opportunity to secure a substantial retail space in a prime Houston location. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,390,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5909
    Latitude
    29.7865
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $757,100
    $11,763,844
    $53,399,827
    $65,163,671
    -
    $11,763,844
    $53,399,827
    $65,163,671

    Comparable in this City

    • Value Estimation
      $500,000
      55,504 SF

      955 Dairy Ashford Rd

      OFFICE BUILDING • 55,504 SF
      955 Dairy Ashford Rd, Houston, TX 77079-5310
      View Details
    • Value Estimation
      $1,920,000
      323,366 SF

      575 Dairy Ashford Rd, Unit 1750

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 323,366 SF
      575 Dairy Ashford Rd, Houston, TX 77079-1117
      View Details
    • Value Estimation
      $5,715,000
      639,158 SF

      501 Westlake Park Blvd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 639,158 SF
      501 Westlake Park Blvd, Houston, TX 77079-2604
      View Details
    • Value Estimation
      $1,320,000
      181,292 SF

      12140 Wickchester Ln

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 181,292 SF
      12140 Wickchester Ln, Houston, TX 77079-1211
      View Details
    • Value Estimation
      $580,000
      123,648 SF

      11451 Katy Fwy, Unit 425

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 123,648 SF
      11451 Katy Fwy, Houston, TX 77079-2004
      View Details
    • Value Estimation
      $3,055,000
      446,796 SF

      11720 Katy Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 446,796 SF
      11720 Katy Fwy, Houston, TX 77079-1242
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      110,181 SF

      Houston Office Building For Sale

      Office building with 110,181 square feet of space.
      12012 Wickchester Ln, Houston, TX 77079
      View Details
    • $320,000

      Renovated Home in Gated Community

      Renovated 2 bed, 2.5 bath home in gated community.
      668 N Eldridge Pkwy, Houston, TX 77079
      View Details
    • $250,000
      2,274 SF

      Memorial Townhome Near City Center

      Conveniently located townhome near pool, City Center, and major highways.
      832 Wax Myrtle Ln, Houston, TX 77079
      View Details
    • $250,000

      Land for Sale

      Land available for purchase in Houston, Texas.
      14407 Still Meadow Dr, Houston, TX 77079
      View Details
    • $289,500

      Updated Townhome in Memorial

      Updated 3-bedroom townhome/condo in Memorial, convenient location.
      13282 Trail Hollow Dr, Houston, TX 77079
      View Details
    • $7,230,960
      4.15 Acres

      Energy Corridor Land Tract

      Prime Houston location, development ready
      0 Blackhaw St, Houston, TX 77079
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      12,233 SF

      West Houston Energy Corridor Office

      Office space in West Houston Energy Corridor with modern amenities.
      12140 Wickchester Ln, Houston, TX 77079
      View Details
    • $25 SF/Yr
      8,645 SF

      Energy Corridor Office Space Available

      Office space for rent in Houston's Energy Corridor.
      15990 N Barkers Landing Rd, Houston, TX 77079
      View Details
    • $18 SF/Yr
      120,510 SF

      Prime Katy Fwy Office Space

      Houston Office Building - Multiple Suites Available
      11777 Katy Fwy, Houston, TX 77079
      View Details
    • $24 SF/Yr
      324 SF

      Katy Freeway Office Space Available

      Office spaces available for lease on Katy Freeway.
      13501 Katy Fwy, Houston, TX 77079
      View Details
    • $17 SF/Yr
      154,080 SF

      Memorial 6 Center: Houston Office Space

      Prime Houston Office, Multiple Tenancy Options
      738 Texas 6, Houston, TX 77079
      View Details
    • $13 SF/Yr
      6,249 SF

      Houston Office Space for Lease

      Flexible Workspaces in Energy Tower III
      11740 Katy Fwy, Houston, TX 77079
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11700 Katy Fwy, Unit 1388
    Houston, TX 77079-1216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.