Technical
Financial
Distress signals
Property profile

21455 Merchants Way 138 Katy, TX 77449

OFF-MARKET
Garden apartment buildings
Property ID
US83-1137203
6,454 SF 7.79 ac lot Built 2022
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2022
Construction METAL FRAME
Total area 6,454 SF
Lot 7.79 ac (339,420 SF)
APN 1369600010001
UPID US83-1137203

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

21455 Merchants Way, Unit 138 Katy, TX 77449-7332
Katy metro Census 542402 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
$660k
Comparable Approach Comparable
by Request
Blend (final) Blend
$615k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $635,000 +268.7%
Medical building $475,000 +178.2%
Auto repair, garage $410,000 +140.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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