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$409,024

NAL Estimated Property Value

508 Katy Road, Keller, TX, 76244

Off MarketInfo
Baths0 Bath
Baths784 Sq Ft

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size1 acre

Building Information

Year Built1970

Land Information

APNA1171-1D01
SubdivisionNeedham, Samuel Survey
Land UseResidential
Legal DescriptionNEEDHAM, SAMUEL SURVEY ABSTRACT 1171 TRACT 1D01 1978 14 X 60 ID#
Census Tract113945
Assessed Land Value$400,000
Assessed Improvement Value$9,024
Assessment Year2025

About this property

Rare 1.04-acre lot in a prime Fort Worth location within Keller ISD. Currently zoned residential, but the property offers strong potential for rezoning to light industrial or commercial use, subject to city approval. Ideal opportunity for investors, developers, or owner-users seeking flexibility in a growing area. No HOA and minimal restrictions provide added freedom for future use. Convenient access to major highways, retail, dining, and surrounding development while still offering ample space and privacy. Buyer to verify zoning, utilities, and permitted uses. Hard-to-find parcel with multiple exit strategies.

Investor Tools

Property Icon
$409,024
Estimated Property Value
$0Estimated Mortgage Balance
$409,024Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$804/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,602
$409,024
2025
$400,000
$9,024
$409,024
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,602
$409,024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$409,024
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,850/mo
N/A
+$1,850/mo
5.4%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Keller

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508 Katy Road | Property Details | No Agent List