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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Outlet malls
1200 Mason Rd Katy, TX 77450-4552
Entity Owned
7-yr Hold
Free & Clear
Property ID
US83-4155675
Property summary
AI-generated overview
This exceptional ±38,662 square foot warehouse, situated on a generous 5.45-acre lot in Katy, Texas, presents a compelling investment opportunity. Currently configured as a gun range, the property offers significant flexibility for a variety of uses. Built in 2003 and remodeled in 2015, the facility boasts 100% air-conditioned space, ensuring year-round comfort. Ample parking is available with over 100 spaces accommodating employees and customers. The property enjoys a prime location with direct access to South Mason Road and is less than two miles from Interstate 10, providing excellent accessibility and visibility. Its strategic location in the heart of Katy, near numerous retail developments and minutes from Houston, ensures high traffic and strong potential for future growth. The asking price is $6,000,000, translating to $155.19 per square foot. This property offers a rare combination of size, location, and amenities, making it an ideal investment for discerning buyers seeking a versatile and well-situated industrial space in a thriving Texas market. The property is located at 1200 S Mason Rd, Katy, TX 77450, in Harris County.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Construction
CONCRETE BLOCKS
Total area
22,764 SF
Lot
3.2 ac (139,431 SF)
APN
1239270010001
UPID
US83-4155675
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$825k
Owner & transaction history
Pamunkey LLC · 7 yrs held
Pamunkey LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+25.2%
Warehouse, storage
$1.1M
+18.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,090,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$36 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$59,105
Tax year 2022
Assessed value
$3,544,193
Assessed 2024
Previous assessed
$3,368,773
+5.2% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,673,160
Assessed improvement
$1,871,033
Land market value
$1,673,160
Improvement market value
$1,871,033
Total market value
$3,544,193
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
22,764 SF
Lot
3.2 ac (139,431 SF)
APN
1239270010001
UPID
US83-4155675
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Pamunkey LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1200 S MASON RD, KATY, TX 77450-4552
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
$6,329,700
Pamunkey LLC
Kee William D III|boyert Shooting Center-katy La
Trustees Deed
—
Apr 1, 2016
—
Boyert Shooting Center-katy La
Ctli LLC
Warranty Deed
$5,798,603 · Private Individual
Nov 2, 2011
—
Ctli LLC
Wilson,steven C
Grant Deed
$4,613,974 · Icon Bank Of Texas
Jul 7, 2011
—
Steven C Wilson
Rc Taylyn LLC
Grant Deed
related
—
—
—
Ctli LLC
—
Deed Of Trust
related
$695,000 · Icon Bk/tx NA
—
—
Ctli LLC
—
Deed Of Trust
related
$5,400,000 · Icon Bk/tx NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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