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

    1511 Ave C C Katy, TX 77493-1903

    • Investment properties
    • 1,012 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    4.3%
    Investment properties
    Location Intelligence
    Property ID
    US82-2527227
    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

    • Investment properties

    Property Details for 1511 Ave C C

    Year built
    1945
    Lot size
    0.39 lot acres
    Property size
    1,012 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    420590000012
    APU
    420590000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.8236
    Latitude
    29.7933
    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
    $5,489
    $203,856
    $59,462
    $263,318
    -
    $203,856
    $59,462
    $263,318

    Comparable in this City

    • Value Estimation
      $360,000
      2,797 SF

      4819 Katy Hockley Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,797 SF
      4819 Katy Hockley Rd, Katy, TX 77493-4826
      View Details
    • Value Estimation by Request
      1,320 SF

      5108 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,320 SF
      5108 5th St, Katy, TX 77493-2116
      View Details
    • Value Estimation
      $240,000
      1,281 SF

      5606 Franz Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,281 SF
      5606 Franz Rd, Katy, TX 77493-1619
      View Details
    • Value Estimation
      $400,000
      2,262 SF

      1539 Ave A A

      OFFICE/RESIDENTIAL (MIXED USE) • 2,262 SF
      1539 Ave A A, Katy, TX 77493-1950
      View Details
    • Value Estimation
      $210,000
      976 SF

      5034 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 976 SF
      5034 5th St, Katy, TX 77493-2114
      View Details
    • Value Estimation
      $330,000
      3,430 SF

      5502 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,430 SF
      5502 4th St, Katy, TX 77493-2427
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Katy 27-Acre Development Land

      Prime Katy location, unrestricted zoning.
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    • $900,000
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      Mixed-Use Property with Metal Buildings

      Mixed-use property featuring a home and two metal buildings.
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      Katy Retail Investment Opportunity

      Prime Katy location, 1,450 SF, vacant.
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    • Contact for pricing
      40,080 SF

      Katy Industrial Cold Storage Facility

      40,080 SF Warehouse, Vacant, NNN Lease
      25002 Clay Rd, Katy, TX 77493
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    • $125,000

      Katy Land For Sale

      Land available in Katy, Texas.
      29609 Marti Rd, Katy, TX 77493
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    • $1,979,888

      Unrestricted Land in North Katy

      6.43 acres of unrestricted land near I-10 and Grand Parkway.
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    Similar Nearby for Lease

    • $18 SF/Yr
      16,500 SF

      Katy 5th Business Park Flex Space

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    • Contact for pricing
      1 SF

      Katy Land: Prime Commercial Site

      0.82-acre commercial lot, Katy, TX
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      View Details
    • $8 SF/Yr
      33,480 SF

      Adaptable Industrial Property in Katy

      Versatile industrial property with warehouse functionality and street-front visibility.
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      View Details
    • Contact for pricing
      40,080 SF

      Katy Cold Storage Warehouse Facility

      40,000 SF cold storage warehouse with expansion potential.
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      View Details
    • $18 SF/Yr
      7,000 SF

      Katy Fort Bend Business Park Building 1

      Modern Flex Space, Katy, TX
      2302 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      168,251 SF

      Katy Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      0 Nec Of Katy Hockley Cutoff Rd. And Morton Rd, Katy, TX 77493
      View Details
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    1511 Ave C C
    Katy, TX 77493-1903
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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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