435 Mason Park BlvdKaty, TX 77450

Property Details for 435 Mason Park Blvd

Year built

2008

Construction

BRICK

Lot size

0.45 AC

Property size (Sq ft)

4,877 SF

Property type

Office buildings

APN

1157900010004

APU

1157900010004

Description

This exceptional two-story, 5,675-square-foot mixed-use office building in Katy, Texas, presents a unique investment opportunity. Located in a prominent office park at 435 Mason Park Blvd, 77450, this Class B building, constructed in 2008, offers a blend of traditional and medical office space, ideal for owner-users. The building features a stylish brick and stone exterior and sits on a 19,589-square-foot lot. The interior boasts spacious private offices arranged along the perimeter of the first floor, complemented by multi-stall restrooms and a large kitchen/break room with ample storage. A notable feature is the warehouse access on the east side, offering versatile storage or workspace options. The second floor includes a sizable conference room with a coffee bar and sink, along with additional office space that could be adapted for residential use, complete with a private bathroom and shower. With 18 parking spaces, the property provides convenient access for staff and clients. Its strategic location offers easy access to major roadways including I-10, Grand Parkway, and Mason Road, providing excellent connectivity to the Energy Corridor. Nearby amenities include diverse dining, shopping, and medical facilities, ensuring a thriving business environment. This property is offered as a 1031 exchange opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,200,977

  6.5%

  $1,108,594

  7%

  $1,029,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $765,078

  Geo Method

  $1,460,125

• Alternative Use

  Use

  Valuation

  Residential

  $1,374,657

  Hospitality

  $1,259,178

  Educational

  $1,047,622

  Medical

  $1,083,651

  Retail

  $1,629,634

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7776

Longitude

-95.7443

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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