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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
518 Westgreen Blvd Katy, TX 77450-7588
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US82-2603197
Property summary
AI-generated overview
This exceptional two-story office building, located at 518 Westgreen Blvd in Katy, Texas, offers 5,733 square feet of meticulously maintained space. Built in 2011 and extensively renovated in 2017, the property boasts upgraded finishes throughout. Currently configured for multiple tenants, one suite of 3,822 square feet is immediately available. The building's prime location provides easy access to Interstate 10 and Highway 99, ensuring convenient commutes for employees and clients. Ample surface parking is available, along with prominent signage opportunities for enhanced visibility. Situated in Harris County, with a 77450 zip code, this traditional office building presents a unique opportunity for businesses seeking a modern, well-maintained space in a highly desirable Katy location. The building's 2017 renovation ensures contemporary aesthetics and functionality, making it an ideal choice for a variety of professional uses. Don't miss this chance to secure a prominent presence in a thriving Katy business community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Construction
WOOD FRAME
Total area
5,902 SF
Lot
1 ac (43,381 SF)
APN
1314940010001
UPID
US82-2603197
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
-
Cornerstone Caregiving Home Health Care Service Home Help
-
Slade Shipping Inc. Freight Service Logistics Company
-
FKT28, LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.33M
Owner & transaction history
Slade Shipping Prop Mgmt LLC · 9 yrs held
Slade Shipping Prop Mgmt LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Katy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Katy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,906
Tax year 2022
Assessed value
$2,037,868
Assessed 2024
Previous assessed
$1,875,535
+8.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,084,525
Assessed improvement
$953,343
Land market value
$1,084,525
Improvement market value
$953,343
Total market value
$2,037,868
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
5,902 SF
Lot
1 ac (43,381 SF)
APN
1314940010001
UPID
US82-2603197
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2010
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Slade Shipping Prop Mgmt LLC
Entity
Mailing address
518 WESTGREEN BLVD, KATY, TX 77450-7588
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2016
—
Slade Shipping Prop Mgmt LLC
Dixon Finl Svcs Ltd
Warranty Deed
$887,200 · First Cmnty FCU
Sep 8, 2014
—
Dixon Financial Services Ltd
—
Trustees Deed
related
$1,000,000 · Wells Fargo Bk
Feb 4, 2014
—
Haven At Westgreen LP
Dixon Financial Services Ltd
Grant Deed
$17,243,600 · Bank Of The Ozarks
Jan 27, 2014
—
Rpgfab LLC
Dixon Financial Services Ltd
Grant Deed
related
—
—
—
Dixon Financial Services Ltd
—
Deed Of Trust
related
$1,067,821 · Westbound Bank
—
—
Slade Shipping Prop Mgmt LLC
—
Deed Of Trust
related
$294,352 · First Cmnty FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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