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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21925 Franz Rd Katy, TX 77449-3720

    • Warehouses
    • 17,940 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3707532
    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

    • Franz Road Plaza / Shopping Mall
    • STITCHIT Embroidery/Screen Printing / Embroidery Shop / Banner Store
    • MMAK SHELLS INC. / Manufacturer
    • Classic Collision / Auto Repair Shop / Car Detailing Service
    • Iglesia Adventista Del Septimo Dia Katy Regional Hispana / Church

    Property Details for 21925 Franz Rd

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    2.49 lot acres
    Property size
    17,940 SF
    Property type
    Warehouses
    APN
    1237900010004
    APU
    1237900010004

    Description

    This 3,000 sq ft suite at the Franz Industrial Center (21925 Franz Rd, Katy, TX 77449) offers a unique blend of office and industrial space, ideal for a variety of businesses. Built in 2003 on a 3.766-acre lot, the 15,000 sq ft building offers multiple tenancy options with a minimum divisible space of 3,000 sq ft. Suite 401 features a spacious layout perfect for storage, production, or workspace, complemented by modern amenities including a kitchenette, polished floors, and upgraded lighting. The unit boasts easy access via a roll-up door and multiple entry points, catering to both pedestrian and vehicular traffic. Its prime location in Katy's thriving Franz Rd industrial area provides convenient access to major highways. The adaptable design, including multiple private offices, break areas, and a reception space, makes it move-in ready. Previously used as a medical warehouse, this space is suitable for medical, industrial, creative, or retail businesses. The potential for customization allows the space to grow with your business needs. This is a rare opportunity to secure a highly functional and adaptable space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $712,000
      Market price range: $520k - $1.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.754
    Latitude
    29.8009
    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
    $36,519
    $869,072
    $1,268,596
    $2,137,668
    -
    $869,072
    $1,268,596
    $2,137,668

    Comparable in this City

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      $310,000
      20,489 SF

      18860 Little York Rd

      MINI-WAREHOUSE, STORAGE • 20,489 SF
      18860 Little York Rd, Katy, TX 77449-5772
      View Details
    • Value Estimation
      $965,000
      45,520 SF

      3115 Fry Rd

      WAREHOUSE, STORAGE • 45,520 SF
      3115 Fry Rd, Katy, TX 77449-3730
      View Details
    • Value Estimation
      $145,000
      12,500 SF

      1402 Vanderwilt Ln

      WAREHOUSE, STORAGE • 12,500 SF
      1402 Vanderwilt Ln, Katy, TX 77449-1798
      View Details
    • Value Estimation
      $540,000
      10,080 SF

      20226 Park Row Dr

      WAREHOUSE, STORAGE • 10,080 SF
      20226 Park Row Dr, Katy, TX 77449-5016
      View Details
    • Value Estimation
      $850,000
      16,000 SF

      4157 Clay Commerce Dr

      WAREHOUSE, STORAGE • 16,000 SF
      4157 Clay Commerce Dr, Katy, TX 77449-6936
      View Details
    • Value Estimation by Request
      23,400 SF

      6541 Stockdick School Rd

      Distribution properties • 23,400 SF
      6541 Stockdick School Rd, Katy, TX 77449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

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      2.20 Acres

      West Houston Commercial Land - 2.2 Acres

      Prime West Houston acreage, ideal retail/specialty use.
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      Unrestricted Land in High-Growth Corridor

      19.86 acres of unrestricted land ideal for various developments.
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    Similar Nearby for Lease

    • Contact for pricing

      Katy Warehouse with Office Space

      5,660 SF available with warehouse and office areas, HVAC.
      1422 Vanderwilt Ln, Katy, TX 77449
      View Details
    • Contact for pricing
      11,250 SF

      Westgreen Business Center: Prime Industrial Space

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      1,250 SF

      Katy Warehouse Space Available

      1,250 SF warehouse space with quick highway access.
      1430 Vanderwilt Ln, Katy, TX 77449
      View Details
    • Contact for pricing

      Katy Warehouse with Office Space

      11,250 SF available in Katy with warehouse and office.
      1402 Vanderwilt Ln, Katy, TX 77449
      View Details
    • $24,500
      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
    • $1.09 SF/Yr
      81 SF

      Katy Warehouse and Office Space

      81,000 SF in three buildings available for lease.
      3115 North Fry Rd, Katy, TX 77449
      View Details
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    21925 Franz Rd
    Katy, TX 77449-3720
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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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