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

    5418 5Th St Katy, TX 77493

    • Commercial real estate
    • 3.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1760465
    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

    • Commercial real estate

    Property Details for 5418 5Th St

    Lot size
    3.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3-acre commercial land parcel presents a remarkable investment opportunity in the thriving Katy, Texas market. Situated at 5418 E 5th St, Katy, TX 77493, this property boasts a highly desirable C-1 zoning designation, permitting a wide range of light commercial uses, including retail, business, and service establishments. The lot is conveniently located within the Katy Independent School District, offering a strong potential for attracting both businesses and employees. Utilities are provided by the City of Katy, ensuring seamless infrastructure connectivity. A significant advantage is the property's location outside of any designated flood plain, mitigating risk and enhancing its appeal to potential developers and investors. The approximately 3-acre site is divisible, offering flexibility for various development scenarios, from single-tenant occupancy to multi-tenant complexes. This presents a unique chance to capitalize on Katy's robust economic growth and create a thriving commercial venture. Detailed information regarding pricing is available upon request. This property is ready for immediate development and offers significant potential for long-term return on investment. The location in Harris County, Texas, provides easy access to major transportation arteries, further enhancing its commercial viability.

    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
    -95.8173576
    Latitude
    29.7901111

    Comparable in this City

    • $650,000
      2.50 Acres

      Katy Land: 2.5 Acres Commercial

      Prime Katy location, 2.5 acres, high development potential.
      6303 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy 27-Acre Development Land

      Prime Katy location, unrestricted zoning.
      27450 Longenbaugh Rd, Katy, TX 77493
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      0.82 Acres

      Katy Land: Prime Commercial Pad Site

      0.82-acre commercial lot, excellent location.
      D Franz Rd & Ave, Katy, TX 77493
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    • $1,600,000

      Unrestricted Land Near Katy

      6.2 acres of unrestricted land zoned for residential or commercial.
      26103 Beckendorff Rd, Katy, TX 77493
      View Details
    • Contact for pricing

      Multi-Use Property in High-Density Area

      Centrally located property with high visibility and easy freeway access.
      4738 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      26 SF

      Katy Land with Improvements

      26 acres in Katy with residence, sheds, and barn.
      27450 Longenbaugh Rd, Katy, TX 77493
      View Details

    Similar Nearby for Sale

    • $650,000
      2.50 Acres

      Katy Land: 2.5 Acres Commercial

      Prime Katy location, 2.5 acres, high development potential.
      6303 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy 27-Acre Development Land

      Prime Katy location, unrestricted zoning.
      27450 Longenbaugh Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      0.82 Acres

      Katy Land: Prime Commercial Pad Site

      0.82-acre commercial lot, excellent location.
      D Franz Rd & Ave, Katy, TX 77493
      View Details
    • $1,600,000

      Unrestricted Land Near Katy

      6.2 acres of unrestricted land zoned for residential or commercial.
      26103 Beckendorff Rd, Katy, TX 77493
      View Details
    • Contact for pricing

      Multi-Use Property in High-Density Area

      Centrally located property with high visibility and easy freeway access.
      4738 Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      26 SF

      Katy Land with Improvements

      26 acres in Katy with residence, sheds, and barn.
      27450 Longenbaugh Rd, Katy, TX 77493
      View Details

    Similar Nearby for Lease

    • 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
    • $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
      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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    5418 5Th St
    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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