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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1403 Westborough Dr Katy, TX 77449-7328

    • Retail space
    • 5,616 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5502578
    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

    • Cornelius Nursery / Landscape Designer / Landscaper

    Property Details for 1403 Westborough Dr

    Year built
    2018
    Construction
    METAL FRAME
    Lot size
    2.50 lot acres
    Property size
    5,616 SF
    Property type
    Retail space
    APN
    1338350010007
    APU
    1338350010007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $261,000
      Market price range: $144k - $262k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $175,000
      Current use
      MEDICAL BUILDING
      $415,000
      Change: +135% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $360,000
      Change: +103% Conversion: Difficult
      WAREHOUSE, STORAGE
      $240,000
      Change: +35% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $175,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7301
    Latitude
    29.7872
    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
    $44,226
    $1,633,500
    $1,105,938
    $2,739,438
    -
    $1,633,500
    $1,105,938
    $2,739,438

    Comparable in this City

    • Value Estimation
      $295,000
      14,016 SF

      6052 Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,016 SF
      6052 Fry Rd, Katy, TX 77449-1882
      View Details
    • Value Estimation
      $435,000
      20,354 SF

      6078 Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,354 SF
      6078 Fry Rd, Katy, TX 77449-1805
      View Details
    • Value Estimation
      $320,000
      12,537 SF

      3758th Fry Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,537 SF
      3758th Fry Rd, Katy, TX 77449-6728
      View Details
    • Value Estimation
      $410,000
      11,320 SF

      20314 Franz Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,320 SF
      20314 Franz Rd, Katy, TX 77449-5600
      View Details
    • Value Estimation
      $145,000
      1,650 SF

      19411 Clay Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      19411 Clay Rd, Katy, TX 77449-5551
      View Details
    • Value Estimation
      $310,000
      9,170 SF

      2015 Franz Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,170 SF
      2015 Franz Rd, Katy, TX 77449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,684 SF

      Retail Property on Fry Road

      Retail property with high visibility and strong traffic counts.
      2125 North Fry Rd, Katy, TX 77449
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    • Contact for pricing
      3,445 SF

      Katy Retail Building on Corner

      3,445 SF building on 1.05 acres in Katy, TX.
      1565 Mason Rd, Katy, TX 77449
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    • Contact for pricing
      4.33 Acres

      Katy Land: 4.33 Acres, Ready to Build

      Prime Katy location, user-ready commercial land.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      9.32 Acres

      Katy Commercial Land - 9.32 Acres

      Prime Katy land, ideal for various uses. High traffic area.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      4.65 Acres

      Katy Land: SH 99 & Franz Road

      Prime Katy commercial land, build-to-suit options.
      99 And Franz Rd, Katy, TX 77449
      View Details
    • $718,740
      1.00 Acre

      Katy Commercial Land - 5 Acres Available

      Prime Katy location, 5 one-acre commercial lots.
      0 Mason Rd, Katy, TX 77449
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88,625 SF

      Eagle Ranch Shopping Center Lease

      Katy Retail Space: Kroger-Anchored
      6037 Fry Rd, Park Row, TX 77449
      View Details
    • Contact for pricing
      5,218 SF

      Katy Freeway Retail Opportunity

      Retail and restaurant spaces available on Katy Freeway.
      20702 Katy Fwy, Katy, TX 77449
      View Details
    • $24 SF/Yr
      2,400 SF

      Retail Space Ready for Occupancy

      Move-in ready retail space, formerly a clothing boutique.
      19125 Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Katy, Texas

      5,000 sq ft retail space available for lease.
      19123 W Little York Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      255,882 SF

      Joe V's Smart Shop Retail Center

      Prime Retail Building & Pad Sites Available
      4107 Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Major Retailers

      Retail space available in high-traffic area near major retailers.
      23021-23027 Morton Ranch Rd, Katy, TX 77449
      View Details
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    1403 Westborough Dr
    Katy, TX 77449-7328
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    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
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