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

    27711 Sharp Rd Katy, TX 77493

    • Commercial real estate
    • 4.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4550216
    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

    • (Honey bee removal) The Clucking Rooster farm / the Buzzing Honey Bee farm / Food Processing Plant

    Property Details for 27711 Sharp Rd

    Lot size
    4.00 lot acres
    Property type
    Commercial real estate
    APN
    0431280000041

    Description

    This exceptional 4-acre property in Katy, Texas, presents a unique investment opportunity. Located at 27711 Sharp Road, Harris County, 77493, this unrestricted land boasts a 1,974 square foot home/office featuring an open/split floor plan, four bedrooms, and three bathrooms. The property includes a drive-through two-car garage with roll-up doors on both sides, plus ample covered parking for six or more vehicles, comprising a 20x20 carport and an additional 17x20 covered area. Enjoy outdoor living with a 20x20 covered back patio and an additional 10x20 covered patio behind the garage. Storage solutions are abundant with a 17x30x15 RV storage shed/barn and a separate barn housing the water well pump. The property is enhanced by a private automatic gated entrance, on-site electricity, a water well, and a septic tank. Zoning permits unrestricted, commercial, and residential uses, offering significant flexibility for future development. This versatile property is ideal for a variety of uses, from a comfortable family home to a commercial venture. The APN is 0431280000041. Asking price is $825,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.8362061
    Latitude
    29.9010003

    Comparable in this City

    • $1,825,000

      Unrestricted Land in Prime Location

      9.08 acres in Katy with investment potential.
      8850 Katy Hockley Rd, Katy, TX 77493
      View Details
    • $3,250,000
      8.39 Acres

      Katy Land Development Opportunity

      8.386 Acres, Residential & Commercial
      28150 Morton Rd, Katy, TX 77493
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    • $125,000

      Katy Land For Sale

      Land available in Katy, Texas.
      29609 Marti Rd, Katy, TX 77493
      View Details
    • $2,000,000

      Unrestricted Land in Prime Location

      10-acre unrestricted land with agricultural exemptions in a high-growth area.
      24200 Longenbaugh Rd, Katy, TX 77493
      View Details
    • $4,500,000
      6,261 SF

      Sophisticated Gated Estate with Pond

      Spacious 10-acre estate with high-end finishes and guest quarters.
      29315 Stockdick Rd, Katy, TX 77493
      View Details
    • $2,999,000
      2,400 SF

      Unrestricted Land with Income Potential

      10 acres, unrestricted, with home, stable, office, and shop.
      29129 Stockdick Rd, Katy, TX 77493
      View Details

    Similar Nearby for Sale

    • $1,825,000

      Unrestricted Land in Prime Location

      9.08 acres in Katy with investment potential.
      8850 Katy Hockley Rd, Katy, TX 77493
      View Details
    • $3,250,000
      8.39 Acres

      Katy Land Development Opportunity

      8.386 Acres, Residential & Commercial
      28150 Morton Rd, Katy, TX 77493
      View Details
    • $125,000

      Katy Land For Sale

      Land available in Katy, Texas.
      29609 Marti Rd, Katy, TX 77493
      View Details
    • $2,000,000

      Unrestricted Land in Prime Location

      10-acre unrestricted land with agricultural exemptions in a high-growth area.
      24200 Longenbaugh Rd, Katy, TX 77493
      View Details
    • $2,999,000
      2,400 SF

      Unrestricted Land with Income Potential

      10 acres, unrestricted, with home, stable, office, and shop.
      29129 Stockdick Rd, Katy, TX 77493
      View Details
    • $4,500,000
      6,261 SF

      Sophisticated Gated Estate with Pond

      Spacious 10-acre estate with high-end finishes and guest quarters.
      29315 Stockdick Rd, Katy, TX 77493
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      19,500 SF

      Shops at Katy Lakes: Prime Retail

      New Retail Center, Katy, TX. High Growth Area.
      0 Undefined Tx, Katy, TX 77493
      View Details
    • Contact for pricing
      2,265,120 SF

      Katy Industrial Land - 52 Acres

      Prime Katy land, build-to-suit opportunity.
      0 Schlipf Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      168,251 SF

      Katy Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      0 Nec Of Katy Hockley Cutoff Rd. And Morton Rd, Katy, TX 77493
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land for rent in high-growth area near H-E-B.
      Morton Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      1 SF

      Katy Land: Prime Commercial Site

      0.82-acre commercial lot, Katy, TX
      D Franz Rd & Ave, Katy, TX 77493
      View Details
    • $18 SF/Yr
      7,000 SF

      Katy Fort Bend Business Park Building 1

      Modern Flex Space, Katy, TX
      2302 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
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    27711 Sharp Rd
    Katy, TX 77493
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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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