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    410 W Grand Pkwy S Katy, TX 77494
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    Property profile & analytics

    410 W Grand Pkwy S Katy, TX 77494

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    • Office buildings
    • 7,676 SF
    • 2.68 lot acres
    For Lease
    $1,925,000
    View Listing →
    Katy Boutique Office Building For Lease
    $1,925,000

    Katy Boutique Office Building

    Boutique office building in Katy, easy access to West Grand.

    410 W Grand Pkwy S, Katy, TX 77494
    View Listing
    Property ID
    US82-4611541
    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

    • BEN R SHULL CPA LLC / Accounting Firm
    • Apartment Tycoons / Apartment Building
    • Donati Brashear Law Firm / Law Firm
    • Goldbridge Coaching LLC. / Life Coach / Career Guidance Service
    • Sabeen Aslam MD / Pediatrician / Medical Clinic

    Property Details for 410 W Grand Pkwy S

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.68 lot acres
    Property size
    7,676 SF
    Property type
    Office buildings
    APN
    1272610010001
    APU
    1272610010001

    Description

    This four-story Class B medical office building, constructed in 2006, offers a total of 74,656 square feet of space, with 10,924 square feet currently available for lease. Located at 410 W Grand Pkwy S in Katy, Texas, 77494, this property boasts a convenient location with easy access to the West Grand Parkway and I-10. The building features a total of 299 parking spaces for ample tenant and visitor convenience. The property sits on a 2.67-acre lot and is suitable for multiple tenants. Available spaces range from 1,932 square feet to the total vacant space of 10,924 square feet. The building's classification as a Class B property reflects its well-maintained condition and functional design. This is an excellent opportunity for medical practices or retail businesses seeking a prime location in the thriving Katy market. The building's multi-tenant configuration provides flexibility for businesses of various sizes. The ample parking ensures convenient access for patients, clients, and staff. The strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Katy area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,927,000
      Market price range: $1.70M - $1.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.7799
    Latitude
    29.7758
    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
    $120,366
    $1,310,884
    $5,085,875
    $6,396,759
    -
    $1,310,884
    $5,085,875
    $6,396,759

    Comparable in this City

    • Value Estimation by Request

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      View Details
    • Value Estimation
      $37,200,000
      159,655 SF

      24275 Katy Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 159,655 SF
      24275 Katy Fwy, Katy, TX 77494-7257
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    • Value Estimation
      $750,000
      3,386 SF

      23215 Red Riv Dr

      OFFICE BUILDING • 3,386 SF
      23215 Red Riv Dr, Katy, TX 77494-2031
      View Details
    • Value Estimation
      $815,000
      3,726 SF

      23242 Kingsplace Dr

      OFFICE BUILDING • 3,726 SF
      23242 Kingsplace Dr, Katy, TX 77494-2075
      View Details
    • Value Estimation
      $1,275,000
      5,840 SF

      24530 Kingsland Blvd

      OFFICE BUILDING • 5,840 SF
      24530 Kingsland Blvd, Katy, TX 77494-3429
      View Details
    • Value Estimation
      $1,740,000
      7,974 SF

      24616 Kingsland Blvd

      OFFICE BUILDING • 7,974 SF
      24616 Kingsland Blvd, Katy, TX 77494-3386
      View Details

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      Office Space Near Grand Parkway

      Office space in growing Katy area near Grand Parkway.
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      Unrestricted Land Near I-10 Freeway

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    Similar Nearby for Lease

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      Highway 90 Office Building

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      Katy Boutique Office Building

      Boutique office building in Katy, easy access to West Grand.
      410 W Grand Pkwy S, Katy, TX 77494
      View Details
    • Contact for pricing

      Class A+ Retail Center

      Retail center with restaurant-ready spaces, construction starting March 2025.
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      View Details
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      Katy Freeway Office Building

      Two-story office building with excellent I-10 visibility in Katy.
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      Shell Condition Office Space

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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.

    More about this property
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