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    Property profile & analytics

    6023 Grn Mdws Ln Katy, TX 77493

    • Sports & entertainment properties
    • 2,289 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9452159
    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

    • Sports & entertainment properties

    Property Details for 6023 Grn Mdws Ln

    Year built
    2014
    Construction
    FRAME
    Lot size
    1.34 lot acres
    Property size
    2,289 SF
    Property type
    Sports & entertainment properties
    APN
    1343500020031
    APU
    1343500020031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.8277
    Latitude
    29.8035
    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
    $2.00
    $87,758
    $50
    $87,808
    -
    $87,758
    $50
    $87,808

    Comparable in this City

    • Value Estimation
      $340,000
      2,800 SF

      25440 Beckendorff Rd

      RECREATIONAL, ENTERTAINMENT • 2,800 SF
      25440 Beckendorff Rd, Katy, TX 77493-6519
      View Details
    • Value Estimation
      $230,000
      1,152 SF

      6227 Norchester Dr

      RECREATIONAL, ENTERTAINMENT • 1,152 SF
      6227 Norchester Dr, Katy, TX 77493
      View Details
    • Value Estimation by Request
      15,864 SF

      23441 Clay Rd

      RECREATIONAL, ENTERTAINMENT • 15,864 SF
      23441 Clay Rd, Katy, TX 77493-5001
      View Details
    • Value Estimation by Request
      18,029 SF

      5597 Gardenia Ln

      RECREATIONAL, ENTERTAINMENT • 18,029 SF
      5597 Gardenia Ln, Katy, TX 77493-1439
      View Details
    • Value Estimation by Request
      9,600 SF

      3312 Schlipf Rd

      Churches & religious facilities • 9,600 SF
      3312 Schlipf Rd, Katy, TX 77493
      View Details
    • Value Estimation
      $620,000
      9,750 SF

      5443 Katy Hockley Cut Off Rd

      RECREATIONAL, ENTERTAINMENT • 9,750 SF
      5443 Katy Hockley Cut Off Rd, Katy, TX 77493-7008
      View Details

    Similar Nearby for Sale

    • $1,650,000
      6.45 Acres

      Katy Land: 6.45 Acres Prime Commercial

      Unrestricted land, excellent location, high development.
      0 Beckendorff Rd, Katy, TX 77493
      View Details
    • Contact for pricing
      22.70 Acres

      Katy Commercial Land - 22.7 Acres

      Prime Katy location, high-traffic area.
      529 & Katy Hockley Cut Off Rd, Katy, TX 77493
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    • $2,495,000
      11.49 Acres

      Katy Commercial Land - 11.49 Acres

      Prime Katy location, 11.49 acres, high traffic.
      26111 Clay Rd, Katy, TX 77493
      View Details
    • $250,000

      Vacant Commercial Lot in Katy

      Commercial lot in Old Katy, ready for development.
      1402 Avenue D, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy Hockley Road Land Opportunity

      Approximately 14.28 acres with frontage on Katy Hockley Road.
      6430-6440 Katy Hockley Rd, Katy, TX 77493
      View Details
    • $2,300,000

      Land at Clay Road Intersection

      Land available at a busy intersection with potential use change.
      26111 Clay Rd, Katy, TX 77493
      View Details

    Similar Nearby for Lease

    • $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
    • 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
      2,500 SF

      Medical Office Space Near Hospital

      Office space conveniently located near Energy Corridor and Memorial Hermann.
      1331 W Grand Pkwy N, 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
      11,217 SF

      Prime Katy Office Space Available

      Move-in ready suites, excellent location.
      814 East Ave, Katy, TX 77493
      View Details
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    6023 Grn Mdws Ln
    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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