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Property profile & analytics
FOR SALE
Office buildings
1904 Grand Pkwy N Katy, TX 77449
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-0224718
For Sale
$23,660,000
1904 Grand Pkwy N, Katy, TX 77449
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
105,681 SF
Lot
5.4 ac (235,342 SF)
APN
1362350010001
UPID
US83-0224718
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
-
LJA Engineering, Inc. Engineering Consultant Construction Company
-
Vanguard Professional Concrete Contractors - Katy Construction Company General Contractor
-
Jenny Orozco - NMLS# 1543151 | AmCap Home Loans Loan Service Bank
-
Clayton Nash TX: Jason Pryo Real Estate Agency
-
Gayla Gayden Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.72M
Comparable Approach
Comparable
$24.61M
Blend (final)
Blend
$23.66M
Owner & transaction history
West Harris Cnty Muni Utility · 6 yrs held
West Harris Cnty Muni Utility
since 2020
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,610,000
6.5%
$22,715,000
7%
$21,095,000
Blend value · Realmo final
$23.66M
Range $21.29M – $26.03M · ±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
$224 / 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
$259,902
Tax year 2022
Assessed value
$14,071,344
Assessed 2024
Previous assessed
$14,813,543
-5.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$3,530,130
Assessed improvement
$10,541,214
Land market value
$3,530,130
Improvement market value
$10,541,214
Total market value
$14,071,344
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 buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
105,681 SF
Lot
5.4 ac (235,342 SF)
APN
1362350010001
UPID
US83-0224718
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
5.4 ac
Current owner
From public records · entity-resolved
West Harris Cnty Muni Utility
Individual
Free & Clear · 6 yrs held
Mailing address
2537 S GESSNER RD STE #250, HOUSTON, TX 77063-2060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2020
—
West Harris Cnty Muni Utility
Grandway West Annex LP
Quit Claim Deed
related
—
Feb 1, 2019
—
Hhejr INC
—
Deed
related
$1,388,688 · Commercial St Bk
Aug 2, 2018
—
1904 Grand Parkway North LP
—
Deed
related
$31,000,000 · Miscellaneous Ins Co
—
—
Hhejr INC
—
Loan Modification
related
$1,388,688 · Commercial St Bk
—
—
1904 Grand Parkway North LP
—
Deed Of Trust
related
$31,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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