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

    8707 Katy Fwy Houston, TX 77024-1713

    • Commercial land
    • 28,968 SF
    • 6.08 lot acres
    OFF-MARKET
    Value Estimations
    $3,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3309983
    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

    • RMI Group / Employment Agency
    • Pendragon Staffing Inc / Employment Agency
    • Dr. Michael C. Scally, MD / Physician
    • Cis American Chamber-Commerce / Business Service Center / Advocacy Group

    Property Details for 8707 Katy Fwy

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    6.08 lot acres
    Property size
    28,968 SF
    Property type
    Commercial land
    APN
    1406070010002
    APU
    1406070010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,638,000
      Market price range: $386k - $2.64M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,930,000
      AUTO REPAIR, GARAGE
      $2,705,000
      MEDICAL BUILDING
      $1,850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5032
    Latitude
    29.7833
    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
    $63,894
    $11,940,762
    $0.00
    $11,940,762
    -
    $11,940,762
    $0.00
    $11,940,762

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      Stablewood Ct

      VACANT COMMERCIAL LAND • 0.34 Acres
      Stablewood Ct, Houston, TX 77024
      View Details
    • Value Estimation by Request
      1.54 Acres

      Memorial Dr

      VACANT COMMERCIAL LAND • 1.54 Acres
      Memorial Dr, Houston, TX 77024
      View Details
    • Value Estimation
      $780,000
      2.18 Acres

      Memorial City Way

      VACANT COMMERCIAL LAND • 2.18 Acres
      Memorial City Way, Houston, TX 77024
      View Details
    • Value Estimation by Request
      0.01 Acres

      Sam Houston Pkwy

      VACANT COMMERCIAL LAND • 0.01 Acres
      Sam Houston Pkwy, Houston, TX 77024
      View Details
    • Value Estimation by Request
      0.27 Acres

      Barryknoll Ln

      VACANT COMMERCIAL LAND • 0.27 Acres
      Barryknoll Ln, Houston, TX 77024
      View Details
    • Value Estimation by Request
      1.32 Acres

      Park Laureate Dr

      VACANT COMMERCIAL LAND • 1.32 Acres
      Park Laureate Dr, Houston, TX 77024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Energy Corridor Land Opportunity

      Land in the heart of the Energy Corridor.
      Old Katy Rd, Houston, TX 77024
      View Details
    • 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
    • $1,375,000

      Memorial Lot in Prime Location

      Homesite in sought-after neighborhood with access to amenities.
      10 Legend Ln, Houston, TX 77024
      View Details
    • Contact for pricing
      2.28 Acres

      CITYCENTRE Land Development Opportunity

      ±3-Acre Mixed-Use Houston Site
      10655 Katy Fwy, 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
    • $449,500

      Chatsworth Place Townhome Condo

      Two-bedroom corner unit with updated kitchen and high ceilings.
      8936 Chatsworth Dr, Houston, TX 77024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot on Antoine Drive

      High-visibility corner lot available for ground lease on Antoine.
      Antoine Dr, Houston, TX 77024
      View Details
    • $21 SF/Yr
      92,952 SF

      Post Oak Office Building For Lease

      Prime Galleria location, flexible suites.
      720 Post Oak Rd, Houston, TX 77024
      View Details
    • Contact for pricing
      102,775 SF

      Hedwig Place Medical Office Suites

      Modern Medical Office Building in Houston
      8731 Katy Fwy, Houston, TX 77024
      View Details
    • $55 SF/Yr
      3,934 SF

      Prime Houston Retail Space

      77024 - 3,934 SF Retail Space Available
      788 Sam Houston Pkwy, Houston, TX 77024
      View Details
    • Contact for pricing
      2,398 SF

      Office Space Available For Rent

      Office space available for lease in Houston, TX.
      952 Echo Ln, 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
    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.
    8707 Katy Fwy
    Houston, TX 77024-1713
    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.