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

    740 Katy Ft Bnd Rd Katy, TX 77494-7800

    • Gas stations
    • 6,144 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0447308
    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

    • gas station / Gas Station
    • Timewise Food Store / Grocery & Convenience Store
    • Timewise / Grocery & Convenience Store
    • Shell / Gas Station
    • PNC Bank ATM / Atm

    Property Details for 740 Katy Ft Bnd Rd

    Year built
    2017
    Construction
    CONCRETE BLOCKS
    Lot size
    1.33 lot acres
    Property size
    6,144 SF
    Property type
    Gas stations
    APN
    1328730010005
    APU
    1328730010005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $534,000
      Market price range: $269k - $534k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $420,000
      Current use
      RESTAURANT
      $520,000
      Change: +23% Conversion: Difficult
      MEDICAL BUILDING
      $420,000
      Change: -1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $350,000
      Change: -17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $345,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Katy
    County
    Harris
    State
    Texas
    Longitude
    -95.8011
    Latitude
    29.7818
    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
    $43,072
    $869,025
    $1,538,801
    $2,407,826
    -
    $869,025
    $1,538,801
    $2,407,826

    Comparable in this City

    • Value Estimation
      $515,000
      6,140 SF

      23903 Katy Fwy

      GAS STATION • 6,140 SF
      23903 Katy Fwy, Katy, TX 77494-1319
      View Details
    • Value Estimation by Request
      4,206 SF

      550 Grand S Pkwy

      GAS STATION • 4,206 SF
      550 Grand S Pkwy, Katy, TX 77494-8285
      View Details
    • Value Estimation by Request
      2,758 SF

      5361 Hwy Blvd

      SERVICE STATION (FULL SERVICE) • 2,758 SF
      5361 Hwy Blvd, Katy, TX 77494-1306
      View Details
    • Value Estimation by Request
      5,840 SF

      5505 Hwy Blvd

      GAS STATION • 5,840 SF
      5505 Hwy Blvd, Katy, TX 77494-1310
      View Details
    • Value Estimation by Request
      853 SF

      1435 Fm 1463 -

      Automotive properties • 853 SF
      1435 Fm 1463 -, Katy, TX 77494
      View Details
    • Value Estimation
      $1,250,000
      19,500 SF

      23502 Katy Fwy

      VEHICLE SALES, RENTALS • 19,500 SF
      23502 Katy Fwy, Katy, TX 77494-3800
      View Details

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      Katy Retail Center: Prime Location

      100% Leased Retail Center, High NOI
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      76.52 Acres

      Grand Parkway Land - 76.52 Acres

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    Similar Nearby for Lease

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      4,300 SF

      Cinco Ranch Retail Spaces Available

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      23144 Cinco Ranch Blvd, Katy, TX 77494
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      Katy Retail Center - Prime Location

      High-traffic retail space available in Katy, TX.
      25785 Katy Fwy, Katy, TX 77494
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      8,992 SF

      Katy Medical/Office/Retail Space Available

      Medical, office, or retail space on Grand Parkway near Cinco Ranch.
      410 West Grand Pkwy South, Katy, TX 77494
      View Details
    • Contact for pricing
      9,506 SF

      Retail Space Near HEB, I-10

      Retail space available in HEB shadow-anchored development with I-10 exposure.
      25785 Katy Fwy, Katy, TX 77494
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    • Contact for pricing
      12,692 SF

      Fulshear Bend Retail Center - For Lease

      12,692 SF Retail Space, Katy, TX
      1463 & Fulshear Bnd Dr, Katy, TX 77494
      View Details
    • $23 SF/Yr
      1,300 SF

      Katy Restaurant with Drive-Thru

      Turnkey restaurant space with drive-thru in high-traffic Katy location.
      23255 Kingsland Blvd, Katy, TX 77494
      View Details
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    740 Katy Ft Bnd Rd
    Katy, TX 77494-7800
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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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