Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22939 Colonial Pkwy Katy, TX 77449-6470

    • Commercial real estate
    • 41,804 SF
    • 2.03 lot acres
    OFF-MARKET
    Value Estimations
    $7,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9937880
    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

    • KAT Elite Center III - Professional Building / Real Estate Agency

    Property Details for 22939 Colonial Pkwy

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    2.03 lot acres
    Property size
    41,804 SF
    Property type
    Commercial real estate
    APN
    1420170010007
    APU
    1420170010007

    Description

    This exceptional Harris County office property, located at 22939 Colonial Pkwy, Katy, TX 77449, offers a diverse range of flexible workspace solutions. The property caters to various business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for businesses of all sizes to find a suitable fit. Options range from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, to customizable solutions tailored to specific requirements. This includes disaster recovery spaces and day offices, offering access flexibility. A comprehensive benefits program, featuring exclusive discounts and procurement support, is also available for office space tenants. Beyond private offices, the property provides coworking areas, offering shared office or open-plan spaces with daily or hot-desk options. Meeting rooms are also available, ranging from informal chat spaces with Wi-Fi to fully equipped facilities for presentations, training sessions, interviews, board meetings, or conferences, bookable by the hour or for extended periods. Virtual office options are also available, providing prestigious business addresses, mail handling, and professional virtual assistant services, including lounge access and occasional office space use. Flexible working plans offer global access to a vast network of business lounges and workspaces, with various access levels to private offices or coworking spaces. The property's location in Katy, Texas, provides easy access to major transportation routes and amenities. Inquire today to explore the various options and find the perfect workspace for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,885,000
      6.5%
      $8,200,000
      7%
      $7,615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,929,000
      Market price range: $5.93M - $8.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,635,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.77
    Latitude
    29.7932
    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
    $122,690
    $1,329,540
    $5,567,082
    $6,896,622
    -
    $1,329,540
    $5,567,082
    $6,896,622

    Comparable in this City

    • Value Estimation by Request
      9.56 Acres

      Barker Cypress & Dinner Crk Rd

      Land • 9.56 Acres
      0 Barker Cypress & Dinner Crk Rd, Houston, TX 77449
      View Details
    • Value Estimation by Request
      6.51 Acres

      Clay Rd @ Westfield Vlg Dr

      Land • 6.51 Acres
      0 Clay Rd @ Westfield Vlg Dr, Katy, TX 77449
      View Details
    • Value Estimation by Request
      205,813 SF

      20290 Katy Fwy

      Restaurants • 205,813 SF
      20290 Katy Fwy, Katy, TX 77449
      View Details
    • Value Estimation by Request
      13.49 Acres

      Nec Clay Rd @ Vineyard Mdw Trl

      Land • 13.49 Acres
      0 Nec Clay Rd @ Vineyard Mdw Trl, Katy, TX 77449
      View Details
    • Value Estimation by Request
      3,700 SF

      2301 Morton Ranch Rd

      Retail properties • 3,700 SF
      2301 Morton Ranch Rd, Katy, TX 77449
      View Details
    • Value Estimation by Request

      Nec Of I-10 & Grand Pkwy

      Land
      0 Nec Of I-10 & Grand Pkwy, Katy, TX 77449
      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.
      0 Mason Rd And Franz Rd, Katy, TX 77449
      View Details
    • $718,740
      1.00 Acre

      Katy Commercial Land - 5 Acres Available

      Prime Katy location, 5 one-acre commercial lots.
      0 Mason Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      4.65 Acres

      Katy Land: SH 99 & Franz Road

      Prime Katy commercial land, build-to-suit options.
      99 And Franz Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      9.32 Acres

      Katy Commercial Land - 9.32 Acres

      Prime Katy land, ideal for various uses. High traffic area.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      4.33 Acres

      Katy Land: 4.33 Acres, Ready to Build

      Prime Katy location, user-ready commercial land.
      0 Clay Rd @ Bridgewater Mdw Dr, Katy, TX 77449
      View Details
    • Contact for pricing
      2.16 Acres

      Grand Parkway Pad Site Investment

      Katy, TX: 2.16-acre commercial land.
      0 1 Park Dr, Katy, TX 77449
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      2,450 SF

      Mayde Creek Village Retail Space

      Katy, TX Retail Space - 2,800 SF Available
      2211 Fry Rd, Houston, TX 77449
      View Details
    • Contact for pricing
      2,333 SF

      Shops on Fry Retail Space

      Katy, TX Retail Center: 2,333 SF Available
      6078 Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      14,262 SF

      Katy Retail Space: 10,000 SF Available

      Prime Katy retail space, 10,000 SF, high-traffic location.
      5828 Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing

      Retail Pads Available for Lease

      8.55 acres divisible into retail pads for ground lease/sale.
      Morton Ranch Rd, Katy, TX 77449
      View Details
    • $18 SF/Yr
      6,500 SF

      Clay Crossing Medical Center

      Katy, TX Medical Office Building
      3919 Fry Rd, Katy, TX 77449
      View Details
    • Contact for pricing
      88,625 SF

      Eagle Ranch Shopping Center Lease

      Katy Retail Space: Kroger-Anchored
      6037 Fry Rd, Park Row, TX 77449
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22939 Colonial Pkwy
    Katy, TX 77449-6470
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.