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    Lewis Walker, Spring, TX

    License ID: 251526BROKER
    Texas Glocal Partners
    Association
    Houston Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (281) 788-5522
    Office Address:
    28789 Hardin Stare Rd Ste 140, Magnolia, TX, 77354

    Performance

    Listings
    19

    Listings

    For Sale (8)

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    • $1,312,500
      11,400 SF

      Houston Office Building For Sale

      11,400 SF Vacant Office Building
      1034 Regional Park Dr, Houston, TX 77060
      View Details
    • $1,100,000
      10,553 SF

      Regional Park Drive Office Building

      Prime location near IAH airport with ample space.
      1034-1034 Regional Park Dr, Houston, TX 77060
      View Details
    • $1,250,000
      4,050 SF

      Magnolia Commercial Building For Sale

      4,050 SF commercial building in high-traffic Magnolia corridor.
      28809 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Prime 7 Acres For Sale

      7 acres of premium land in high-traffic area.
      6750-6760 Spring Cypress Rd, Spring, TX 77379
      View Details
    • $950,000
      4,800 SF

      Commercial Building Near I-45

      4,800 SF commercial building in Spring, TX for sale.
      1010 Rayford Rd, Spring, TX 77386
      View Details
    • $3,000,000

      6.7 Acres on FM 2978

      Prime development opportunity with frontage on FM 2978.
      29933 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $350,000
      1,350 SF

      Magnolia Office Condo For Sale

      Office condominium in Magnolia, TX, near The Woodlands.
      28789 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $16,000,000

      73 Acres Prime Developable Land

      Undeveloped land with frontage on Highway 1488, between Woodlands/Magnolia.
      12441 Fm 1488 Rd, Magnolia, TX 77354
      View Details

    For Lease (11)

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    • $24 SF/Yr
      3,600 SF

      Shenandoah Office Space For Lease

      Versatile office space in The Woodlands.
      118 Shenandoah Dr, Shenandoah, TX 77381
      View Details
    • $21 SF/Yr
      8,838 SF

      Magnolia Office-Warehouse Space

      Modern warehouse/office space in The Woodlands submarket.
      32118 Tamina Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      12,879 SF

      Louetta Road Retail Opportunity

      Three retail pads, high traffic area.
      8411 Louetta Rd, Spring, TX 77379
      View Details
    • $4,000,000
      1,800 SF

      High-Visibility Retail/Office Space Available

      Prime location near I-45 in Spring/The Woodlands area.
      26333 Interstate 45 N, Spring, TX 77380
      View Details
    • Contact for pricing
      3,372 SF

      Office Space in Northwest Houston

      Office space available in a professional business park.
      8411-8435 Louetta Rd, Spring, TX 77379
      View Details
    • $26 SF/Yr
      2,800 SF

      Modern Office with Warehouse Space

      Two-story office building with flexible areas and climate-controlled warehouse.
      1315 Rayford Park, Spring, TX
      View Details
    • $21 SF/Yr
      2,496 SF

      Versatile Flex Space Near FM 1488

      Adaptable 2,496 SF flex space with high visibility.
      402 Honea Egypt Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      1.5-acre tract ideal for build-to-suit opportunities.
      29214 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • $6,000 /Mo
      6,000 SF

      Office/Warehouse Space Near The Woodlands

      6,000 SF office/warehouse space with Tamina Road exposure.
      32219 Tamina Rd, Magnolia, TX 77354
      View Details
    • $19 SF/Yr
      3,497 SF

      Versatile Office Space Available

      3,497 SF office space for lease near Highway 45.
      24950 Spring Ridge Dr, Spring, TX 77386
      View Details
    • $400,000
      26,620 SF

      Prime Commercial Lot in Spring

      0.61-acre commercial lot with high visibility and accessibility.
      8803 Eastloch Dr, Spring, TX 77379
      View Details

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    Lewis Walker, Spring, TX
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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