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    Property profile & analytics

    18703 Little York Rd Katy, TX 77449-5499

    • Warehouses
    • 13,130 SF
    • 3.71 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4121015
    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

    • Griffin's Industrial Welding School LLC / Vocational School / Training Center
    • MB Custom Upholtery and Leather / Furniture & Home Goods
    • Houston Window Tint / Interior Design / Auto Repair Shop
    • Texas Dent Repair / Auto Repair Shop
    • A Cuba Envios Cargo / Travel Agency

    Property Details for 18703 Little York Rd

    Year built
    2015
    Construction
    METAL FRAME
    Lot size
    3.71 lot acres
    Property size
    13,130 SF
    Property type
    Warehouses
    APN
    1367770010001
    APU
    1367770010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $791,000
      Market price range: $381k - $792k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $555,000
      Current use
      MEDICAL BUILDING
      $970,000
      Change: +75% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $840,000
      Change: +51% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.6961
    Latitude
    29.864
    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
    2023
    $38,906
    $923,916
    $4,683,555
    $5,607,471
    -
    $923,916
    $4,683,555
    $5,607,471

    Comparable in this City

    • Value Estimation
      $695,000
      16,408 SF

      1620 Westgreen Blvd

      WAREHOUSE, STORAGE • 16,408 SF
      1620 Westgreen Blvd, Katy, TX 77449-7110
      View Details
    • Value Estimation
      $520,000
      8,700 SF

      23012 Franz Rd

      MINI-WAREHOUSE, STORAGE • 8,700 SF
      23012 Franz Rd, Katy, TX 77449-2739
      View Details
    • Value Estimation
      $990,000
      32,400 SF

      20302 Park Row Dr

      WAREHOUSE, STORAGE • 32,400 SF
      20302 Park Row Dr, Katy, TX 77449-5120
      View Details
    • Value Estimation by Request
      11,400 SF

      1350 Brushbird Ln

      WAREHOUSE, STORAGE • 11,400 SF
      1350 Brushbird Ln, Katy, TX 77449
      View Details
    • Value Estimation
      $695,000
      16,430 SF

      19150 Little York Rd, Unit B

      WAREHOUSE, STORAGE • 16,430 SF
      19150 Little York Rd, Katy, TX 77449-5773
      View Details
    • Value Estimation by Request
      10,000 SF

      5522 Peek Rd

      WAREHOUSE, STORAGE • 10,000 SF
      5522 Peek Rd, Katy, TX 77449-6414
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Katy Office/Warehouse Shell For Sale

      4,394 SF shell office/warehouse suitable for light distribution/manufacturing.
      19962 Franz Rd, Katy, TX 77449
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    • Contact for pricing
      7,500 SF

      Katy Office/Warehouse Shell For Sale

      7,500 SF office/warehouse shell in Katy, Texas.
      19954 Franz Rd, Katy, TX 77449
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    • Contact for pricing
      4,000 SF

      Industrial Property on Franz Road

      4,000 sqft industrial property suitable for various uses.
      19960 Franz Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      5,000 SF

      Katy Industrial Property For Sale

      5,000 SqFt industrial property in Katy, Texas, available for sale.
      19968 Franz Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      83,725 SF

      Katy Storage Center Opportunity

      Class A storage facility in Katy, Texas for sale.
      20603 Clay Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      4,588 SF

      Katy Industrial Property For Sale

      Industrial property featuring 4,588 SqFt and a 7.00% CAP rate.
      19964 Franz Rd, Katy, TX 77449
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Space with Office/Warehouse

      6,000 SF flex space with office and warehouse.
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      11,250 SF

      West Houston Warehouse with Office

      11,250 SF warehouse with office space for lease.
      1402 Vanderwilt Ln, Katy, TX 77449
      View Details
    • Contact for pricing
      11,250 SF

      Katy Warehouse with Office Space

      11,250 SF warehouse with 1,400 SF office space available.
      1410 Vanderwilt Ln, Katy, TX 77449
      View Details
    • Contact for pricing
      20,150 SF

      Katy Warehouse with Storage Yard

      20,150 SF warehouse with outside storage in Katy.
      6541 Stockdick School Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Katy Warehouse and Office Space

      81,000 SF in three buildings available for lease.
      3115 North Fry Rd, Katy, TX 77449
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    • Contact for pricing
      68,000 SF

      Katy Warehouse Space Available

      68,000 sq ft warehouse space for lease in Katy.
      4232 Clay Commerce Dr, Katy, TX 77449
      View Details
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    18703 Little York Rd
    Katy, TX 77449-5499
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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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