11999 Katy FwyHouston, TX 77079

Property Details for 11999 Katy Fwy

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.24 AC

Property size (Sq ft)

116,835 SF

Property type

Office buildings

APN

1060560000001

APU

1060560000001

Description

This exceptional investment opportunity presents a six-story, 104,825-square-foot Class B office building situated on 3.24 acres of land in Houston's Energy Corridor. Boasting 86% occupancy, the property generates a strong net operating income (NOI) of $758,000, translating to an attractive 8.5% capitalization rate. Built in 1980, the multi-tenant building offers a compelling price per square foot of $85.86. The land itself holds significant value, with a price per square foot of $63.76. The property enjoys a prime location along the Katy Freeway (I-10), benefiting from exceptional visibility and access, with daily traffic counts exceeding 312,787 vehicles. Its strategic position near major dealerships and Class A office space in the Energy Towers further enhances its appeal. The property is located outside the 500-year flood plain. This offering presents a rare chance to acquire a cash-flowing asset with substantial covered land potential in a highly sought-after location. The asking price is $9,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $23,928,002

  6.5%

  $22,087,386

  7%

  $20,509,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,269,298

  Geo Method

  $34,979,232

• Alternative Use

  Use

  Valuation

  Residential

  $27,388,360

  Hospitality

  $25,087,590

  Educational

  $20,872,580

  Medical

  $21,590,420

  Retail

  $32,468,458

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7836

Longitude

-95.5968

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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