22440 Merchants Way, Katy, TX 77449 – Office Warehouse

Warehouse and StorageYear Built 2012Total Assessed Value $79,764,701County Harris

Property Details

The Warehouse and Storage property 22440 Merchants Way, Katy, TX 77449 is located in Harris County. The specific property type is Office Warehouse. The total assessed value of this property is $79,764,701.

The gross building area is 614,847 square feet and the land area is 1,829,694 square feet for this Office Warehouse built in 2012.

Legal description: Res B4 Blk 1 Westside Office Park Sec 1

$79,764,701

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 22440 Merchants Way, Katy, TX 77449, Warehouse and Storage

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Property Information

Property TypeWarehouse and Storage

Sub Property TypeOffice Warehouse

Building Area614,847

Land Size1,829,694

Land Value$13,382,815

Improved Value$66,381,886

Total Assessed Value$79,764,701

Year Built2012

County NameHarris

Account Number1316180020007

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Type ConstructionSteel

Exterior WallsConcrete block

Sales History

12/20/2022

Arms-lengthNot Disclosed

Buyer

Newpark Industrial Blending Solutions Llc

Seller

Newpark Drilling Fluids Llc

Book Number

2022.599756

Recording Date

12/20/2022

Transaction Details

Newpark Industrial Blending Solutions Llc acquired the property from Newpark Drilling Fluids Llc through a Arms-length transaction on 12/20/2022 for .

6/11/2012

Arms-lengthNot Disclosed

Buyer

Eastgroup Properties, Lp

Seller

Interwest Holdings, Lp

Book Number

20120257542

Recording Date

6/11/2012

Transaction Details

Eastgroup Properties, Lp acquired the property from Interwest Holdings, Lp through a Arms-length transaction on 6/11/2012 for .

Property constructed in 2012

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$13,382,815	$65,936,836	$79,319,651	$79,319,651	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	-	1,829,694	614,847
2025	$13,382,815	$63,991,945	$77,374,760	$77,374,760	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	-	1,829,694	614,847
2024	$13,382,815	$64,661,980	$78,044,795	$78,044,795	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	-	1,829,694	614,847
2023	$13,382,815	$58,563,114	$71,945,929	$71,945,929	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	WESTSIDE OFFICE PARK	1,829,694	614,847
2022	$13,382,815	$44,617,185	$58,000,000	$58,000,000	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	WESTSIDE OFFICE PARK...	1,829,694	614,847
2021	$13,382,815	$55,849,831	$69,232,646	$69,232,646	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	5986.75	WESTSIDE OFFICE PARK...	1,829,694	614,847
2020	$13,382,815	$55,849,831	$69,232,646	$69,232,646	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	9656.00	-	1,829,694	614,847
2019	$13,382,815	$34,942,185	$48,325,000	$48,325,000	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	9656.00	WESTSIDE OFFICE PARK...	1,829,694	592,002
2018	$13,382,815	$23,002,185	$36,385,000	$36,385,000	Eastgroup Properties...	400 W Parkway Pl Ste...	Res B4 Blk 1 Westsid...	9656.00	WESTSIDE OFFICE PARK...	1,829,694	460,332
2017	$13,382,815	$21,913,094	$35,295,909	$35,295,909	Eastgroup Properties...	190 E Capitol St Ste...	Res B4 Blk 1 Westsid...	9656.00	WESTSIDE OFFICE PARK...	1,829,694	460,332

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
22440 Merchants Way, Katy, TX 77449	1316180020007	Warehouse and Storage	Office Warehouse	Eastgroup Properties Lp	Harris	-	-	-	-	2012	614,847	-
10611 Harwin Dr, Houston, TX 77036	1041580000002	Warehouse and Storage	Office Warehouse	Bkm West Belt Business Park 308 Llc	Harris	13.3	$ 35,910,000	2025-01-07	$ 140.12	1978	256,278	-
1310 Blue Ridge Dr, Georgetown, TX 78626	R629221	Warehouse and Storage	Office Warehouse	Westinghouse 35 Owner Llc	Williamson	127.9	$ 34,635,195	2025-01-16	$ 148.95	2022	232,526	-
110 Se Inner Loop, Georgetown, TX 78626	R633924	Warehouse and Storage	Office Warehouse	Eqrt 110 Southeast Inner Loop Lp	Williamson	128.8	$ 60,900,000	2024-03-20	$ 135.07	2022	450,880	-
1025 S Belt Line Rd, Coppell, TX 75019	18006070022R30000	Warehouse and Storage	Office Warehouse	Nm Majestic Holdings Llc	Dallas	231.1	$ 14,465,171	2025-06-06	$ 47.57	2005	304,100	-
1809 Titan Dr, Georgetown, TX 78628	R634499	Warehouse and Storage	Office Warehouse	Zt Group Intl Inc	Williamson	130.3	$ 40,299,000	2022-10-25	$ 91.79	2023	439,044	-
12317 Technology Blvd, Austin, TX 78727	R066560	Warehouse and Storage	Office Warehouse	B9 Sequoia S1 Owner Lp	Williamson	128.3	$ 7,271,429	2022-07-20	$ 29.49	1981	246,592	-
15370 County Road 565a, Groveland, FL 34736	15-22-25-020100003600	Warehouse and Storage	Office Warehouse	Midtown Hunt Llc	Lake	850.4	$ 28,000,000	2023-12-22	$ 145.48	2004	192,472	-
1165 2nd Ave, Des Moines, IA 50305	030/04244-001-000	Warehouse and Storage	Office Warehouse	Sud Des Moines Llc	Polk	829.3	$ 9,500,000	2025-11-12	$ 44.20	1970	214,920	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	22440 Merchants Way, Katy, TX 77449	—	-	1,829,694	2012	614,847	$ 79,764,701	$ 13,382,815	-
Veritex Community Bank	10311 Westpark Dr, Houston, TX 77042	07/30/2025	$ 4,780,000	116,431	1997	39,282	$ 5,773,916	$ 2,910,775	Harveys Racquet Club Apartment
Wells Fargo Bank Na	11906 Brittmoore Park Dr, Houston, TX 77041	07/18/2025	$ 3,035,250	100,096	2000	39,925	$ 2,878,373	$ 600,576	Streadbeck Properties Llc
Bokf National Association	2030 Grandway Dr, Katy, TX 77449	07/08/2025	$ 26,500,000	53,923	2015	10,170	$ 1,796,856	$ 377,461	Grandway Flex Lp
Lmf Commercial Llc	1920 Primewest Pky, Katy, TX 77449	06/02/2025	$ 5,050,000	139,283	2022	36,625	$ 3,593,787	$ 696,415
Bank Of America Na	10795 Hammerly Blvd, Houston, TX 77043	05/29/2025	$ 94,000,000	325,023	1985	93,525	$ 9,564,690	$ 3,250,230	10795 Hammerly Llc
Southside Bank	10700 Hammerly Blvd, Houston, TX 77043	05/08/2025	$ 27,500,000	160,850	1982	59,095	$ 6,792,455	$ 1,930,200	Westway Bc Owner Llc
Southside Bank	10685 Shadow Wood Dr, Houston, TX 77043	05/08/2025	$ 27,500,000	98,511	2008	25,200	$ 3,953,663	$ 788,088	West 8 Owner Llc
American First National Bank	9830 Clay Rd, Houston, TX 77080	03/13/2025	$ 1,380,000	34,560	1982	13,460	$ 1,006,922	$ 276,480	Ensemble Property Llc
Commerce Bank	6618 Petropark Dr, Houston, TX 77041	02/19/2025	$ 13,000,000	58,087	2002	11,609	$ 1,102,810	$ 348,522	Realty Inc
Us Small Business Admn	1390 W Sam Houston Pky N, Houston, TX 77043	02/05/2025	$ 354,700	79,672	1974	11,704	$ 1,702,951	$ 956,064	454510 Properties Llc

Mean$ 15,997,873

Median$ 3,500,000.0

Loan Amount Range$ 354,700 - $ 95,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
22440 MERCHANTS WAY, KATY, TX 77449-7813	WELLTEC INC	2813711200	OIL FIELD SERVICE

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Tenant Industry Distribution

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License Details

License Number

32002463936

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

5/26/2000

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	WELLTEC, INC.
	Address Line	22440 merchants way
	City / State / Zip	katy TX 77449
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48201
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77449
Registration Details	SOS Code	A

License Timeline

License Issued

5/26/2000

Currently Active

Status: -

Renewal Required

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