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

    22711 Franz Rd Katy, TX 77449-2738

    • Day care centers
    • 6,820 SF
    • 1.56 lot acres
    OFF-MARKET
    Last Sale
    Apr 26, 2022
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3779754
    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

    • Little Builders International Academy / Preschool / Bilingual School

    Property Details for 22711 Franz Rd

    Year built
    1983
    Construction
    BRICK
    Lot size
    1.56 lot acres
    Property size
    6,820 SF
    Property type
    Day care centers
    APN
    460030000032
    APU
    460030000032

    Description

    This exceptional 30,000 square foot vacant commercial land parcel presents a unique opportunity for businesses seeking a prominent Katy location. Situated off a main road, this property boasts excellent visibility and convenient access to major thoroughfares, including the Grand Parkway and I-10. The zoning is designated as Commercial, allowing for a variety of uses. The single-tenant configuration provides flexibility and control. Ideal for businesses requiring expansive outdoor space, this lot is suitable for temporary or permanent structures such as movable buildings or trailers. Its location within the Williamsburg Subdivisions of the Katy submarket ensures a strategic position within a thriving commercial area. The property's ample size and convenient access make it an attractive option for businesses needing significant space for operations or storage. This is a rare opportunity to secure a substantial commercial land parcel in a high-demand area. Further inquiries are welcome to discuss potential uses and lease terms. The property is zoned for commercial use and is ready for immediate occupancy. Don't miss this chance to establish your business in this prime Katy location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $234,000
      Market price range: $203k - $344k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $270,000
      Current use
      MEDICAL BUILDING
      $505,000
      Change: +87% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $435,000
      Change: +62% Conversion: Difficult
      WAREHOUSE, STORAGE
      $290,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7646
    Latitude
    29.8015
    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
    $18,587
    $527,800
    $607,100
    $1,134,900
    -
    $527,800
    $607,100
    $1,134,900

    Comparable in this City

    • Value Estimation
      $390,000
      10,260 SF

      5433 Fry Rd

      DAY CARE, PRE-SCHOOL • 10,260 SF
      5433 Fry Rd, Katy, TX 77449-5595
      View Details
    • Value Estimation
      $370,000
      7,196 SF

      3120 Peek Rd

      DAY CARE, PRE-SCHOOL • 7,196 SF
      3120 Peek Rd, Katy, TX 77449-7331
      View Details
    • Value Estimation
      $445,000
      8,803 SF

      6806 Peek Rd

      DAY CARE, PRE-SCHOOL • 8,803 SF
      6806 Peek Rd, Katy, TX 77449-6977
      View Details
    • Value Estimation
      $495,000
      10,048 SF

      23133 Morton Rnch Rd

      DAY CARE, PRE-SCHOOL • 10,048 SF
      23133 Morton Rnch Rd, Katy, TX 77449
      View Details
    • Value Estimation
      $275,000
      8,272 SF

      19510 Clay Rd

      DAY CARE, PRE-SCHOOL • 8,272 SF
      19510 Clay Rd, Katy, TX 77449-5548
      View Details
    • Value Estimation
      $425,000
      15,252 SF

      19814 Kieth Harrow Blvd

      DAY CARE, PRE-SCHOOL • 15,252 SF
      19814 Kieth Harrow Blvd, Katy, TX 77449-7004
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.20 Acres

      West Houston Commercial Land - 2.2 Acres

      Prime West Houston acreage, ideal retail/specialty use.
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      View Details
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      19.86 acres of unrestricted land ideal for various developments.
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      Prime Katy location, 5 one-acre commercial lots.
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      4.65 Acres

      Katy Land: SH 99 & Franz Road

      Prime Katy commercial land, build-to-suit options.
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    • Contact for pricing
      9.32 Acres

      Katy Commercial Land - 9.32 Acres

      Prime Katy land, ideal for various uses. High traffic area.
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      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
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      Mayde Creek Village Retail Space

      Katy, TX Retail Space - 2,800 SF Available
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      Katy, TX Retail Center: 2,333 SF Available
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      Katy Retail Space: 10,000 SF Available

      Prime Katy retail space, 10,000 SF, high-traffic location.
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      View Details
    • Contact for pricing

      Retail Pads Available for Lease

      8.55 acres divisible into retail pads for ground lease/sale.
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      1,544,735 SF

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      Katy Retail Space: TowneCenter Shops

      Prime Katy retail space, multiple suites available.
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      View Details
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    22711 Franz Rd
    Katy, TX 77449-2738
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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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