11999 Katy FwyHouston, TX 77079

For Sale
$9,000,000

Energy Corridor Office, High NOI, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Prime Energy Corridor location.
  • Excellent I-10 access and high visibility.
  • High traffic counts exceeding 312,787 vehicles daily.
  • Strong NOI of $758,000.
  • Investment opportunity: 3.24-acre I-10 frontage site.
  • Located outside the 500-year floodplain.

Property Details for 11999 Katy Fwy

Property type
Other office properties, Other land
Square Feet
104,825 SF
Class
B
Year Built
1980
Stories
6
Lot Size (sq. ft)
141,134 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.783246092907
Longitude
-95.596977924213
11999 Katy Fwy, Houston, Texas

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11999 Katy Fwy
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