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    Property profile & analytics

    21550 Provincial Blvd, Unit 369 Katy, TX 77450-6098

    • Garden apartment buildings
    • 27,102 SF
    • 23.29 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2941655
    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

    • Blink Charging Station / Electric Vehicle Charging Station
    • Forever Cleaning Co / Hardware & Home Improvement
    • MegaCrew Construction and Remodelling LLC / Hardware & Home Improvement / Interior Design
    • Purita Texas / General Contractor

    Property Details for 21550 Provincial Blvd

    Year built
    2003
    Construction
    WOOD FRAME
    Lot size
    23.29 lot acres
    Property size
    27,102 SF
    Property type
    Garden apartment buildings
    APN
    1240050000001
    APU
    1240050000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,127,000
      Market price range: $294k - $1.13M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $610,000
      Current use
      AUTO REPAIR, GARAGE
      $1,375,000
      Change: +126% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,300,000
      Change: +113% Conversion: Difficult
      RETAIL STORES
      $1,100,000
      Change: +81% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7443
    Latitude
    29.7804
    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
    $1,044,638
    $10,143,380
    $41,138,628
    $51,282,008
    -
    $10,143,380
    $41,138,628
    $51,282,008

    Comparable in this City

    • Value Estimation
      $1,065,000
      30,008 SF

      222 Mason Crk Dr, Unit 312

      GARDEN APT, COURT APT (5+ UNITS) • 30,008 SF
      222 Mason Crk Dr, Katy, TX 77450-6210
      View Details
    • Value Estimation
      $1,370,000
      138,596 SF

      510 Westgreen Blvd, Unit 225

      GARDEN APT, COURT APT (5+ UNITS) • 138,596 SF
      510 Westgreen Blvd, Katy, TX 77450-7592
      View Details
    • Value Estimation
      $745,000
      40,440 SF

      2002 Mason Rd, Unit 352

      GARDEN APT, COURT APT (5+ UNITS) • 40,440 SF
      2002 Mason Rd, Katy, TX 77450-5924
      View Details
    • Value Estimation by Request
      743 SF

      2807 Winding Shr Ln

      GARDEN APT, COURT APT (5+ UNITS) • 743 SF
      2807 Winding Shr Ln, Katy, TX 77450-5707
      View Details
    • Value Estimation
      $1,135,000
      70,992 SF

      21077 Kingsland Blvd, Unit 300

      GARDEN APT, COURT APT (5+ UNITS) • 70,992 SF
      21077 Kingsland Blvd, Katy, TX 77450-3256
      View Details
    • Value Estimation
      $575,000
      14,216 SF

      1007 Mason Rd, Unit 316

      GARDEN APT, COURT APT (5+ UNITS) • 14,216 SF
      1007 Mason Rd, Katy, TX 77450-3844
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Katy, TX Wendy's Restaurant

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      8,737 SF

      Katy Retail Investment Opportunity

      Retail property in Katy, TX, with NNN lease agreements.
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      13,392 SF

      Katy Industrial Property For Sale

      13,392 SF industrial property available in Katy, Texas.
      3522 N Mason Rd, Katy, TX 77450
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    Similar Nearby for Lease

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      Applewhite Place Retail Center

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      874 SF

      Katy Freeway Retail Space

      Prime Katy storefront, 874 sq ft available.
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      Modern medical/office space with high visibility and convenient location.
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      Corner Retail and Office Space

      Retail and office space at a signalized intersection.
      870 S Mason Rd, Katy, TX 77450
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      Retail Space for Lease

      Retail space available at Mason Road & Kingsland Boulevard.
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      3,239 SF

      Katy Office Space For Rent

      Office space in a growing Houston suburb with easy access.
      1150 Mason Rd, Katy, TX 77450
      View Details
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    Katy, TX 77450-6098
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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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