Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8582 Katy Fwy Houston, TX 77024-1830

    • Office buildings
    • 52,440 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4084860
    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

    • Houston Storytellers Guild / Theater & Performing Art Venue / Nightclub
    • Dr. Erin A. Whitney, MD / Physician
    • Tehemeena Dhukka / Physician
    • The Care Team Hospice (formerly Crossroads Hospice) / Nursing Home
    • Our Way Health, PLLC / Medical Clinic

    Property Details for 8582 Katy Fwy

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    52,440 SF
    Property type
    Office buildings
    APN
    440340020018
    APU
    440340020018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $801,000
      Market price range: $155k - $1.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,300,000
      Change: +62% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4979
    Latitude
    29.7857
    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
    $19,963
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,635,000
      120,226 SF

      842 Sam Houston N Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 120,226 SF
      842 Sam Houston N Pkwy, Houston, TX 77024-4591
      View Details
    • Value Estimation by Request
      44,184 SF

      730 Post Oak Rd

      OFFICE BUILDING • 44,184 SF
      730 Post Oak Rd, Houston, TX 77024-3842
      View Details
    • Value Estimation
      $875,000
      54,864 SF

      900 Town And Country Ln

      OFFICE BUILDING • 54,864 SF
      900 Town And Country Ln, Houston, TX 77024-2226
      View Details
    • Value Estimation
      $570,000
      56,680 SF

      9575 Katy Fwy

      OFFICE BUILDING • 56,680 SF
      9575 Katy Fwy, Houston, TX 77024-1406
      View Details
    • Value Estimation
      $740,000
      60,800 SF

      9219 Katy Fwy

      OFFICE BUILDING • 60,800 SF
      9219 Katy Fwy, Houston, TX 77024-1520
      View Details
    • Value Estimation
      $555,000
      154,144 SF

      8584 Katy Fwy, Unit 160

      OFFICE BUILDING • 154,144 SF
      8584 Katy Fwy, Houston, TX 77024-1836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,963 SF

      Land on Chimney Rock Road

      Land in Spring Branch ISD near multiple schools.
      Chimney Rock Rd, Houston, TX 77024
      View Details
    • Contact for pricing
      920 SF

      Charming Loft in Memorial Area

      Spacious one-bedroom loft in the Memorial area, needs TLC.
      8211 Katy Fwy, Houston, TX 77024
      View Details
    • $229,888

      Charming Condo in Pines Subdivision

      2-bedroom, 2-bathroom condo in sought-after location near shopping.
      12633 Memorial Dr, Houston, TX 77024
      View Details
    • $205,000

      Updated Condo in Memorial/Galleria

      Updated 2-story condo with 2 bedrooms and 2.5 baths.
      470 N Post Oak Ln, Houston, TX 77024
      View Details
    • $190,000

      Spacious Condo with Prime Location

      Comfortable condo near Memorial Park, Uptown, and The Galleria.
      484 N Post Oak Ln, Houston, TX 77024
      View Details
    • $795,000

      Residential Lot in Desirable Subdivision

      Cleared lot ready for new home construction in Houston, Texas.
      12806 Boheme Dr, Houston, TX 77024
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      149,309 SF

      Town & Country Office Space

      Office and retail spaces available for lease in Houston.
      10497 Town & Country Way, Houston, TX 77024
      View Details
    • Contact for pricing
      43,436 SF

      West Memorial Park Office Complex

      39-acre office complex with office and flex/warehouse buildings.
      8554-8588 Katy Fwy, Houston, TX 77024
      View Details
    • $37 SF/Yr
      167,141 SF

      Town Centre Two: Houston Office Space

      Class A Office Suites, Houston, TX
      730 Town And Country St, Houston, TX 77024
      View Details
    • $26 SF/Yr
      32,985 SF

      Office Space with Highway Frontage

      Office space for lease with premier amenities and highway frontage.
      9545 Katy Fwy, Houston, TX 77024
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
      950 Echo Ln, Houston, TX 77024
      View Details
    • Contact for pricing
      1,745 SF

      Office Space with 400 Amp Service

      Ground level office space featuring 400 amp electrical service.
      2800 Antoine Dr, Houston, TX 77024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8582 Katy Fwy
    Houston, TX 77024-1830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.