Wedding Venue with Freeway
For Sale
$3,950,000
25807 I-45, Spring, TX 77380
Commercial Sale, Spring, TX
Property Size17,000 SF
Lot Size1.47 Acres
Price / SF$232.35
Days on Market130
Property Features for 25807 I-45
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
High school district
CONROE ISD
Standard status
Active
Lot size
1.47 Acres
Amenities
waterfall
generator
storage area
Listing Agency:
Brooks Ballard International Real Estate
Listed By:
Brooks Ballard · License #0368269
(713) 522-7474
Added: May 21
Changed: Sep 4
Last Checked: Sep 27 at 12:06AM
MLS# 11779578
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This wedding venue occupies approximately 17,000 square feet on 1.47 acres and is built on a steel foundation. The interior offers an open, adaptable layout with capacity for 600 and the ability to host two consecutive private events across the first and second floors. A waterfall feature marks the entrance, while a full-property generator and rear storage area for three large trash containers support operations. Approximately 83 parking spaces are provided on site.
The property fronts Interstate 45 in Spring, Texas, with more than 200 feet of freeway frontage and exposure to more than 200,000 vehicles per day. Direct I-45 access connects the site with the Grand Parkway (TX-99), The Woodlands Mall, Hughes Landing, Market Street, and nearby corporate campuses. The venue was previously used for events and offers an open configuration that can accommodate wedding, entertainment, showroom, restaurant, medical office, or boutique office concepts.
The property fronts Interstate 45 in Spring, Texas, with more than 200 feet of freeway frontage and exposure to more than 200,000 vehicles per day. Direct I-45 access connects the site with the Grand Parkway (TX-99), The Woodlands Mall, Hughes Landing, Market Street, and nearby corporate campuses. The venue was previously used for events and offers an open configuration that can accommodate wedding, entertainment, showroom, restaurant, medical office, or boutique office concepts.
Key Highlights
- Approximately 17,000 SF on 1.47 acres
- More than 200 feet of frontage on Interstate 45
- Exposure to more than 200,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$230,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,610,260
$4.6M
Cap Rate 7%
$3,293,043
$3.3M
Cap Rate 9%
$2,561,256
$2.6M
Market Conditions
NOI Build-Up for 17,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$348.8K $20.52/SF
− Vacancy
−$19.5K −$1.15/SF
EGI
$329.3K $19.37/SF
− OpEx
−$98.8K −$5.81/SF
NOI
$230.5K $13.56/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,610,260
Cap Rate 7%
$3,293,043
Cap Rate 9%
$2,561,256
Alternative Uses
Best Use
Retail
$3.29M
$2.88M – $3.84M
NOI $230,513 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.29M
$3.76M – $5.01M
NOI $300,419 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
200,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 36%
Apparel 16%
Home Improvements & Furnishings 5%
Jo-Ann Fabric and Craft
Shops & Services
18,968 visits/mo
0.4 miles
IHOP
Dining
14,104 visits/mo
0.3 miles
Carrabba's Italian Grill
Dining
9,566 visits/mo
0.2 miles
Sun & Ski Sports
Apparel
6,137 visits/mo
0.4 miles
Wolfies
Dining
5,048 visits/mo
0.4 miles
Demographics for 77380, TX
27,651
Population
16,232
Households
1.7
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,230
Density / Sq Mi
$84,468
Median Household Income
$51,286
Median Earnings
$1,607
Median Rent
$343,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Flexible event property with open interiors, substantial parking, a backup generator, and direct Interstate 45 access.
Where is this wedding venue located?
The property is located at 25807 I-45 Spring, TX.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Approximately 17,000 SF on 1.47 acres; More than 200 feet of frontage on Interstate 45; Exposure to more than 200,000 vehicles per day
