Nottingham Country Building 20501 Katy Fwy 42,056 SF 82% Leased Office Building Katy, TX 77450 For Sale 8.69% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 42,056 SF multi-tenant office building with an 82% occupancy rate, providing a strong in-place income stream with room for upside.
- In-place income offering investors an immediate return with the opportunity to enhance cash flow through lease-up.
- ±1.62 acre corner on Katy Freeway with excellent frontage and accessibility along Interstate 10 Wesy (Katy Freeway). IDEAL COVERED LAND PLAY
- Diverse tenant mix, including professional service firms and medical offices.
- Gross rent structures create potential for rent increases and lease restructuring to further improve returns.
- Continued Demand for Well-Located Office Space in the Katy Freeway Corridor
EXECUTIVE SUMMARY
Moody Rambin is pleased to present the opportunity to acquire Nottingham Country Building, a 42,056 SF multi-tenant office building located along Katy Freeway (I-10) in Katy, TX. Currently 82% occupied with gross lease structures, the property offers investors in-place income with immediate returns, along with the potential to enhance cash flow through lease-up and strategic lease restructuring.
IDEAL COVERED LAND PLAY
Nottingham Country Building is positioned in the heart of West Houston, benefiting from exceptional visibility and accessibility along I-10, one of the city’s primary commercial corridors. The property is surrounded by a strong mix of national and local businesses, retail amenities, and established residential communities. Its diverse tenant mix, including professional service firms and medical office users, appeals to a broad range of businesses seeking well-located, high-quality office space.
With a solid base of existing cash flow, investors have the opportunity to unlock additional upside by leasing the remaining vacancy, optimizing rental rates, and restructuring leases. Nottingham Country Building presents a compelling investment opportunity in one of Houston’s fastest-growing and most sought-after submarkets.
Call us today for pricing details and more information at (713) 773-5598—don’t miss this prime investment opportunity!
IDEAL COVERED LAND PLAY
Nottingham Country Building is positioned in the heart of West Houston, benefiting from exceptional visibility and accessibility along I-10, one of the city’s primary commercial corridors. The property is surrounded by a strong mix of national and local businesses, retail amenities, and established residential communities. Its diverse tenant mix, including professional service firms and medical office users, appeals to a broad range of businesses seeking well-located, high-quality office space.
With a solid base of existing cash flow, investors have the opportunity to unlock additional upside by leasing the remaining vacancy, optimizing rental rates, and restructuring leases. Nottingham Country Building presents a compelling investment opportunity in one of Houston’s fastest-growing and most sought-after submarkets.
Call us today for pricing details and more information at (713) 773-5598—don’t miss this prime investment opportunity!
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
42,056 SF
Building Class
B
Year Built
1980
Net Initial Yield
8.69%
Percent Leased
82%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
21,028 SF
Slab to Slab
15 ft
Building FAR
0.60
Lot Size
1.62 AC
Zoning
None
Parking
143 Spaces (3.4 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Property Manager on Site
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 108
- 814 SF
- Office
- -
- Now
- 1st Fl-Ste 112
- 1,010 SF
- Office
- -
- Now
- 1st Fl-Ste 138F
- 415 SF
- Office
- -
- Now
- 1st Fl-Ste 138G
- 348 SF
- Office
- -
- Now
- 1st Fl-Ste 138H
- 345 SF
- Office
- -
- Now
- 2nd Fl-Ste 205
- 376 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 212
- 782 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 214
- 1,200 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 216
- 756 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 219
- 685 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 108 | 814 SF | Office | - | Now |
| 1st Fl-Ste 112 | 1,010 SF | Office | - | Now |
| 1st Fl-Ste 138F | 415 SF | Office | - | Now |
| 1st Fl-Ste 138G | 348 SF | Office | - | Now |
| 1st Fl-Ste 138H | 345 SF | Office | - | Now |
| 2nd Fl-Ste 205 | 376 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 212 | 782 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 214 | 1,200 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 216 | 756 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 219 | 685 SF | Office | Full Build-Out | Now |
1st Fl-Ste 108
| Size |
| 814 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 112
| Size |
| 1,010 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 138F
| Size |
| 415 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 138G
| Size |
| 348 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 138H
| Size |
| 345 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 376 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 212
| Size |
| 782 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 214
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 216
| Size |
| 756 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 219
| Size |
| 685 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 1102850000016 | Improvements Assessment | £599,128 |
| Land Assessment | £1,328,650 | Total Assessment | £1,927,779 |
