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    28111 S Firethorne Rd Katy, TX 77494

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    28111 S Firethorne Rd Katy, TX 77494

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    • Medical Office Space
    For Lease
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    Katy Office Condo For Lease For Lease
    Contact for pricing
    1,225 SF

    Katy Office Condo For Lease

    Prime location near Katy Mills and upcoming Katy Boardwalk.

    28111 S Firethorne Rd, Katy, TX 77494
    View Listing
    Property ID
    US83-3712682
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 28111 S Firethorne Rd

    Year built
    2024
    Property type
    Medical Office Space
    Property subtype
    Office Units

    Description

    For Sale or Lease 1,225 SF units available for lease. Brand new construction. Move-in ready condition. Medical or professional use. Single-story with private front door entrance and surface parking. High-end finishes throughout.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.85433
    Latitude
    29.760748

    Comparable in this City

    • Contact for pricing
      8,992 SF

      Katy Medical/Office/Retail Space Available

      Medical, office, or retail space on Grand Parkway near Cinco Ranch.
      410 West Grand Pkwy South, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy Office Condo For Lease

      Prime location near Katy Mills and upcoming Katy Boardwalk.
      28111 S Firethorne Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Available Medical Space in Katy

      Second-generation medical space in a high-visibility shopping center.
      2750 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,600 to 2,500 SqFt.
      1417 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Space on Westheimer Parkway

      In-line retail space available in established Houston submarket.
      23128 Westheimer Pkwy, Katy, TX 77494
      View Details

    Similar Nearby for Sale

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      853 SF

      Garage Condo For Sale

      High-end garage condo, ideal for luxury cars or office.
      1435 Fm 1463 -, Katy, TX 77494
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      Engineered Commercial Development Site

      3.77-acre commercial site suitable for luxury garage condos.
      24920 Saddlespur Ln, Katy, TX 77494
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      2,580 SF

      Office Space Near Grand Parkway

      Office space in growing Katy area near Grand Parkway.
      3815 Grand Pkwy, Katy, TX 77494
      View Details
    • Contact for pricing
      7,000 SF

      Katy Retail/Restaurant Space Available

      Prime location near H-E-B and Katy Mills Mall.
      1425 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space For Sale

      Retail space available for purchase.
      24217 Cinco Terrace Dr, Katy, TX 77494
      View Details
    • Contact for pricing
      31,500 SF

      Katy, Texas Commercial Property

      Versatile commercial property in Katy, Texas, suitable for various uses.
      25403 Katy Mills Pkwy, Katy, TX 77494
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,992 SF

      Katy Medical/Office/Retail Space Available

      Medical, office, or retail space on Grand Parkway near Cinco Ranch.
      410 West Grand Pkwy South, Katy, TX 77494
      View Details
    • Contact for pricing

      Available Medical Space in Katy

      Second-generation medical space in a high-visibility shopping center.
      2750 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Katy Office Condo For Lease

      Prime location near Katy Mills and upcoming Katy Boardwalk.
      28111 S Firethorne Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,600 to 2,500 SqFt.
      1417 Fm 1463 Rd, Katy, TX 77494
      View Details
    • Contact for pricing

      Retail Space on Westheimer Parkway

      In-line retail space available in established Houston submarket.
      23128 Westheimer Pkwy, Katy, TX 77494
      View Details
    View Listing
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    Katy, TX 77494
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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.

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    28111 S Firethorne Rd, Katy, TX, 77494

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