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Building 4 1526 Katy Gap Rd 4,900 SF 75% Leased Office Building Katy, TX 77494 $2,200,000 ($448.98/SF) 5.45% Cap Rate
Investment Highlights
- Excellent opportunity for Investors. All 4 units are currently leased to great tenants. FALCON RIDGE OFFICE CONDOS Building 4
Executive Summary
Prime investment opportunity. All 4 units are currently leased to great tenants.
FALCON RIDGE OFFICE CONDOS
Building 4 for sale
Description:
• 4 offices, with sizes of 1,225 square feet each, that include offices/conference room, kitchen, restroom, closets and reception area.
• Single-story with private front-door entrances and surface parking.
• Wood floors in hallways and reception area and granite countertops in kitchen are included.
• Fully landscaped and maintained as part of a Community Management Association.
• Available and finished 100%.
• High-end finishes.
• Each unit includes individual HVAC with separately metered electricity
FALCON RIDGE OFFICE CONDOS
Building 4 for sale
Description:
• 4 offices, with sizes of 1,225 square feet each, that include offices/conference room, kitchen, restroom, closets and reception area.
• Single-story with private front-door entrances and surface parking.
• Wood floors in hallways and reception area and granite countertops in kitchen are included.
• Fully landscaped and maintained as part of a Community Management Association.
• Available and finished 100%.
• High-end finishes.
• Each unit includes individual HVAC with separately metered electricity
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,900 SF
Building Class
B
Year Built
2018
Price
$2,200,000
Price Per SF
$448.98
Cap Rate
5.45%
NOI
$120,000
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,225 SF
Building FAR
0.03
Lot Size
3.61 AC
Zoning
Commercial - Office Condo
Parking
71 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Central Heating
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Great location, great layout and spacious interior offices. Short- or long-term contracts.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 401 | 1,225 SF | Office | Full Build-Out | Now |
1st Fl-Ste 401
| Size |
| 1,225 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 401
| Size | 1,225 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Great location, great layout and spacious interior offices. Short- or long-term contracts.
1 1
Property Taxes
| Parcel Number | 1391330010001 | Total Assessment | $360,010 (2025) |
| Land Assessment | $49,610 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $310,400 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
1391330010001
Land Assessment
$49,610 (2025)
Improvements Assessment
$310,400 (2025)
Total Assessment
$360,010 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Building 4 | 1526 Katy Gap Rd
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