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    20501 Katy Fwy Katy, TX 77494
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    Property profile & analytics

    20501 Katy Fwy Katy, TX 77494

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    • Office buildings
    • 42,467 SF
    • 1.62 lot acres
    For Lease
    $4,615,000
    View Listing →
    Katy Freeway Office Building For Lease
    $4,615,000

    Katy Freeway Office Building

    Two-story office building with excellent I-10 visibility in Katy.

    20501 Katy Fwy, Katy, TX 77494
    View Listing
    Property ID
    US83-3976840
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nottingham Dental / Dental Office
    • Moduspec USA Inc / University
    • Farmers Insurance - Linda Taylor / Insurance Agency
    • Levin & Atwood, L.L.P. / Law Firm
    • Taylor Karen M / Law Firm

    Property Details for 20501 Katy Fwy

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.62 lot acres
    Property size
    42,467 SF
    Property type
    Office buildings
    APN
    1102850000016
    APU
    1102850000016

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,140,000
      Market price range: $4.14M - $11.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7284
    Latitude
    29.7844
    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
    $44,871
    $1,321,988
    $1,008,756
    $2,330,744
    -
    $1,321,988
    $1,008,756
    $2,330,744

    Comparable in this City

    • Value Estimation
      $1,405,000
      10,884 SF

      21300 Provincial Blvd

      OFFICE BUILDING • 10,884 SF
      21300 Provincial Blvd, Katy, TX 77450-7580
      View Details
    • Value Estimation
      $1,400,000
      10,800 SF

      431 Mason Park Blvd

      OFFICE BUILDING • 10,800 SF
      431 Mason Park Blvd, Katy, TX 77450-6234
      View Details
    • Value Estimation
      $1,115,000
      9,874 SF

      439 Mason Park Blvd Ste A

      OFFICE BUILDING • 9,874 SF
      439 Mason Park Blvd Ste A, Katy, TX 77450-6242
      View Details
    • Value Estimation by Request
      4,180 SF

      848 Dominion Dr

      OFFICE BUILDING • 4,180 SF
      848 Dominion Dr, Katy, TX 77450-2082
      View Details
    • Value Estimation
      $760,000
      5,676 SF

      21320 Provincial Blvd

      OFFICE BUILDING • 5,676 SF
      21320 Provincial Blvd, Katy, TX 77450-7580
      View Details
    • Value Estimation
      $1,810,000
      16,129 SF

      22503 Katy Fwy

      OFFICE BUILDING • 16,129 SF
      22503 Katy Fwy, Katy, TX 77450-1512
      View Details

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    • Contact for pricing
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      Westgreen Boulevard Office Building

      5,733 SF office building on approximately 1 acre.
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      Westgreen Blvd Office Building For Sale

      5,733 SF office building on approximately 1 acre.
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      4,584 SF

      Versatile Commercial Property in Katy, TX

      Adaptable commercial property with stable income stream in prime location.
      20621 Westheimer Pkwy, Katy, TX 77450
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      15,503 SF

      Katy Medical Office Investment Opportunity

      15,077 SF medical office building, 100% leased, NNN structure.
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      7,200 SF

      Katy Retail Showroom with Warehouse

      7,200 SF retail showroom with warehouse space in Katy.
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      View Details
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      80,976 SF

      Westgreen Medical Pavilion For Sale

      Three-story medical outpatient center in Katy, Texas.
      750 Westgreen Blvd, Katy, TX 77450
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Boutique Office Building For Rent

      Boutique-style office building near I-10 and Highway 99.
      518 Westgreen Blvd, Katy, TX 77450
      View Details
    • Contact for pricing

      Katy Office Space Available Now

      Office space in Katy with break room and conference rooms.
      607 Park Grove Dr, Katy, TX 77450
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Three-story Class A medical office building with ample parking.
      750 Westgreen Blvd, Katy, TX 77450
      View Details
    • Contact for pricing
      15,311 SF

      Katy Warehouse Space Available 2025

      Warehouse space available in Katy, TX, September 1, 2025.
      310-320 Mason Creek Dr, Katy, TX 77450
      View Details
    • Contact for pricing
      2,400 SF

      Katy Flex Space Available Now

      2,400 SF flex space with office component available for rent.
      21732 Provincial Blvd, Katy, TX 77450
      View Details
    • Contact for pricing
      3,428 SF

      Retail End-Cap with Drive-Thru

      3,428 SF end-cap retail space with drive-thru opportunity.
      Peek Rd, Katy, TX 77450
      View Details
    View Listing
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    Katy, TX 77494
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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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