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    6303 Katy Hockley Cut Off Rd Katy, TX 77493
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    6303 Katy Hockley Cut Off Rd Katy, TX 77493

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    • Commercial land
    For Sale
    $650,000
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    Katy Land for Sale For Sale
    $650,000
    2.50 Acres

    Katy Land for Sale

    2.5 acres near residential and commercial development in Katy.

    6303 Katy Hockley Cut Off Rd, Katy, TX 77493
    View Listing
    Property ID
    US83-3733565
    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

    • Commercial land

    Property Details for 6303 Katy Hockley Cut Off Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    New price! 2.5 acres surrounded by residential and commercial development. Located in a floodway, but perfect location for a variety of uses. Land is level and mostly cleared with some wooded area at the back and around the house. 348' of frontage to Katy Hockley Cut Off provides great exposure. Property is .6 miles south of FM 529 which provides a direct route to 99. TXDOT is planning to widen Hwy 529 to 6 lanes from Hwy 99 to Katy Hockley Cutoff. 2.5 miles to the new Katy High School. Pier and beam residence on property could be repurposed or demolished. Private water well, septic tank, and propane tank. Close proximity to several new subdivisions including, Katy Lakes, Elyson, Manor Trails, Marisol, Winward, and Sunterra.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.807622
    Latitude
    29.865478

    Comparable in this City

    • Contact for pricing

      Commercial Land in Katy, Texas

      Commercial land available at FM 529 & Katy Hockley Cut Off Road.
      529 & Katy Hockley Cut Off Rd, Katy, TX 77493
      View Details
    • $2,250,000
      1,770 SF

      Unrestricted Land with Commercial Potential

      6.78-acre unrestricted property suitable for various commercial ventures.
      4249 Roland 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

      Commercial Reserve Land Near HEB

      Commercial land available near new HEB and Katy Park.
      Morton Rd, Katy, TX 77493
      View Details
    • $3,000,000
      2,934 SF

      Katy TX Land Development Opportunity

      Unrestricted 10-acre land near Grand Parkway 99 and I-10.
      5434 Katy Hockley Rd, Katy, TX 77493
      View Details

    Similar Nearby for Sale

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      2,400 SF

      Unrestricted Land with Income Potential

      10 acres with commercial potential, home, and storage/office space.
      29129 Stockdick Rd, Katy, TX 77493
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    • $10,245,000
      3,825 SF

      Katy Commercial Development Opportunity

      38-acre commercial tract in a rapidly growing Katy area.
      4800 Katy Hockley Rd, Katy, TX 77493
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    • $49,900

      Texas City Land Opportunity

      Large lot with potential for development or residential use.
      119 Thelma Ln, Texas City, TX 77493
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    • $2,590,000

      Commercial Property in Old Katy

      Two-acre commercial property with office building and dual access.
      5225 E 5Th St, Katy, TX 77493
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Katy Retail/Commercial Land For Lease

      Prime retail and commercial land available for lease in Katy.
      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
    • Contact for pricing

      Katy, Texas Land For Lease

      Land available for lease in a high-growth Katy area.
      D Franz Rd & Ave, Katy, TX 77493
      View Details
    • Contact for pricing

      Adaptable Commercial Space Available

      Versatile commercial space suitable for restaurant or retail use.
      29625 Highway Blvd, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy Medical Arts Center

      Medical office space with direct access to major highways.
      1331 W Grand Pkwy N, Katy, TX 77493
      View Details
    • Contact for pricing

      Katy Commercial Space For Rent

      Office, retail, or medical space in a prime Katy location.
      5610 5Th St, Katy, TX 77493
      View Details
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    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.

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