1808 Woodcreek Bend LnKaty, TX 77494

Property Details for 1808 Woodcreek Bend Ln

Year built

2019

Lot size

5.46 AC

Property type

Commercial real estate

APN

0157-01-005-0016-914

APU

157010050016914

Description

This exceptional 39,360 square foot, single-story sports complex, built in 2019, is situated on a 5.46-acre lot in Katy, Texas (APN: 0157-01-005-0016-914). The property boasts four climate-controlled hardwood NBA and NCAA regulation basketball and volleyball courts, adaptable for pickleball. Amenities include retractable bleachers, an on-site medical room, a fitness area, and a café with seating and vending machine spaces. The facility is ideally suited for AAU, club, and travel sports programs, and its location within a 4-mile radius of approximately 30 schools provides a strong market. Ample parking caters to daily operations and events. The property is zoned PDD and benefits from excellent access to major roadways, including the Katy Freeway (I-10 West), the Grand Parkway, and the Westpark Tollway, providing easy connectivity to the Energy Corridor and greater Houston area. Katy's rapid growth and affluent population, combined with its highly-rated schools, make this a prime investment opportunity. This bankruptcy sale (U.S. Bankruptcy Court Southern District of Texas (Houston), Petition No. 23-32826, In re: Open Court Sports Complex, LLC) presents a unique chance to acquire a well-maintained, high-demand asset. On-site inspections are available by appointment on August 14th and 28th. The bid deadline is September 18th at 5:00 PM (CT).

• CAP approach

  CAP return

  Valuation

  6%

  $66,389,500

  6.5%

  $61,282,600

  7%

  $56,905,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,317,500

  Geo Method

  $71,219,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $119,496,000

  Retail / Commercial

  $61,503,000

  Mixed-Use / Specialty

  $61,462,000

  Hospitality / Lodging

  $45,324,900

  Office

  $61,282,600

  Institutional / Educational

  $63,959,500

  Residential Income

  $74,832,600

  Multifamily

  $88,761,700

  Automotive / Energy

  $54,822,400

  Parking / Income-Based Land

  $18,742,400

  Restaurant / Food Service

  $32,347,400

  Healthcare / Senior Housing

  $62,845,300

Location Insight

City

Katy

County

Fort Bend

State

Texas

Latitude

29.7585

Longitude

-95.8326

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].