1200 Mason RdKaty, TX 77450

  • Outlet malls
  • 22,764 SF
For Sale
$6,000,000 View listing

Property Details for 1200 Mason Rd

Year built
2003
Construction
CONCRETE BLOCKS
Lot size
3.20 AC
Property size (Sq ft)
22,764 SF
Property type
Outlet malls
APN
1239270010001
APU
1239270010001

Description

This exceptional ±38,662 square foot warehouse, situated on a generous 5.45-acre lot in Katy, Texas, presents a compelling investment opportunity. Currently configured as a gun range, the property offers significant flexibility for a variety of uses. Built in 2003 and remodeled in 2015, the facility boasts 100% air-conditioned space, ensuring year-round comfort. Ample parking is available with over 100 spaces accommodating employees and customers. The property enjoys a prime location with direct access to South Mason Road and is less than two miles from Interstate 10, providing excellent accessibility and visibility. Its strategic location in the heart of Katy, near numerous retail developments and minutes from Houston, ensures high traffic and strong potential for future growth. The asking price is $6,000,000, translating to $155.19 per square foot. This property offers a rare combination of size, location, and amenities, making it an ideal investment for discerning buyers seeking a versatile and well-situated industrial space in a thriving Texas market. The property is located at 1200 S Mason Rd, Katy, TX 77450, in Harris County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,240,392
    6.5%
    $7,606,516
    7%
    $7,063,194
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,999,157
    Geo Method
    $17,174,592
  • Alternative Use

    Use
    Valuation
    Residential
    $6,416,381
    Hospitality
    $5,877,370
    Educational
    $4,889,904
    Medical
    $5,058,074
    Retail
    $7,606,516

Location Insight

City
Katy
County
Harris
State
Texas
Latitude
29.7621
Longitude
-95.7529
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
$59,105
$1,673,160
$1,871,033
$3,544,193
-
$1,673,160
$1,871,033
$3,544,193

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