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Property profile & analytics
OFF-MARKET
Office Spaces

440 Cobia Dr 2101 Katy, TX 77494-6890

1,225 SF 0.12 ac lot Built 2016
Entity Owned Absentee Owner Free & Clear
Property ID
US83-1506589
Property summary
AI-generated overview

This 1,225-square-foot Class B office condo, located at 440 Cobia Dr #403 in Katy, Texas, 77494, is currently vacant and available for immediate occupancy starting April 23, 2024. Built in 2014, this single-story unit is ideal for owner-users seeking a versatile workspace. The property features three private offices, a conference room, a private restroom, a kitchenette, individual HVAC systems, a reception area, storage closet, and a technology closet. Its efficient layout maximizes space and functionality. The asking price is $410,000, translating to $334.69 per square foot. This investment opportunity benefits from its strategic location near the intersection of the Grand Parkway (99) and I-10 Freeway, providing easy access to downtown Houston, Cypress, Richmond, and the Energy Corridor. The surrounding area offers abundant shopping and dining options, enhancing the property's appeal to both employees and clients. This property presents a strong potential for rental income and future value appreciation, making it an attractive option for businesses seeking a professional and convenient location in Katy's thriving commercial market. The property is a single-tenant unit within a larger building.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2016
Construction CONCRETE BLOCKS
Total area 1,225 SF
Lot 0.12 ac (5,327 SF)
APN 1344390210001
UPID US83-1506589
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brito Group - Brokered by eXp Realty Real Estate Agency
  • DRILLCORP Material Handling Equipment Supplier
  • ADAPTQA (Bike/Boat/Book/etc) Store Corporate Office
  • Puzzle Consulting, Inc. Consultant
  • Anan Solutions (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
PROSPERITY GROUP INVESTMENTS INC
PROSPERITY GROUP INVESTMENTS INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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