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Property profile & analytics
OFF-MARKET
Office Spaces
1802 Snake Riv Rd Ste D Katy, TX 77449-7743
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2441209
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Construction
BRICK
Total area
675 SF
Lot
0.06 ac (2,666 SF)
APN
1274400020004
UPID
US82-2441209
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
Current use
Occupant on record · Public records
-
The BESA Jobs Employment Agency
-
Farmers Insurance - Noah Yaro Insurance Agency
-
Texas Academy of Soccer Nightclub Music Venue
-
Sawyer Interest Police Department
-
LUZ Aviation Services llc Aviation Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sriram Chandrasekaran · 17 yrs held
Sriram Chandrasekaran
since 2009
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,864
Tax year 2022
Assessed value
$188,472
Assessed 2024
Previous assessed
$163,261
+15.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$26,660
Assessed improvement
$161,812
Land market value
$26,660
Improvement market value
$161,812
Total market value
$188,472
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
675 SF
Lot
0.06 ac (2,666 SF)
APN
1274400020004
UPID
US82-2441209
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
Building & site characteristics
From public records
Year built
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Sriram Chandrasekaran
Individual
Free & Clear · 17 yrs held
Mailing address
5379 BLUE MTN LN, SUGAR LAND, TX 77479-1696
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2009
—
Sriram Chandrasekaran
West Belt Investments LLC
Warranty Deed
related
—
Apr 7, 2009
—
West Belt Investments LLC
—
Grant Deed
related
$1,100,000 · Allegiance Bank Texas
Oct 19, 2007
—
West Belt Investments LLC
West Belt Management INC
Quit Claim Deed
related
$272,400 · Sterling Bank
—
—
West Belt Investments LLC
—
Deed Of Trust
related
$800,000 · Allegiance Bank Texas
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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