Big O Tires Investment
For Sale
Contact for pricing
Pending
1136 Spring Cypress Road, Spring, TX 77373
5,025 SF Big O Tires in Spring, TX for sale.
Property Size5,025 SF
Days on Market111
Property Features for 1136 Spring Cypress Road
General Information
Standard status
Pending
Size
5,025 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
1973
Year Renovated
2025
Tenancy
Single
Listing Agency:
Sands Investment Group
Listed By:
Luke Wakefield · License #GA 361563
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Jul 24 at 5:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
The property is a 5,025 SF Big O Tires located at 1136 Spring Cypress Road in Spring, TX. It is an automotive and retail property. The property is for sale and features a 20-year Absolute Triple Net (NNN) Lease with 10% rental increases every 5 years, providing stable, long-term income with zero landlord responsibilities. The lease is backed by an award-winning, experienced multi-unit operator, ensuring a reliable and low-management investment opportunity.
Key Highlights
- 20‑year absolute triple net (NNN) lease provides a stable, long‑term investment.
- Zero landlord responsibilities offer a truly passive income stream.
- Enjoy 10% rental increases every 5 years, ensuring growing returns.
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
$68,137
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
3.04%
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%
$1,362,740
$1.4M
Cap Rate 7%
$973,386
$973.4K
Cap Rate 9%
$757,078
$757.1K
Market Conditions
NOI Build-Up for 5,025 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
$103.1K $20.52/SF
− Vacancy
−$5.8K −$1.15/SF
EGI
$97.3K $19.37/SF
− OpEx
−$29.2K −$5.81/SF
NOI
$68.1K $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%
$1,362,740
Cap Rate 7%
$973,386
Cap Rate 9%
$757,078
Alternative Uses
Best Use
Retail
$973.4K
$851.7K – $1.14M
NOI $68,137 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$365.4K
$319.7K – $426.3K
NOI $25,576 @ 7.0% cap · market cap 1.14%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
134k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 43%
Shops & Services 39%
Groceries 11%
Dining 5%
Academy Sports + Outdoors
Apparel
48,643 visits/mo
0.3 miles
Shell
Shops & Services
20,020 visits/mo
0.4 miles
La Michoacana Meat Market
Groceries
14,999 visits/mo
0.1 miles
Exxon
Shops & Services
14,340 visits/mo
0.2 miles
Wells Fargo
Shops & Services
10,202 visits/mo
0.1 miles
Demographics for 77373, TX
63,413
Population
23,619
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
88%
High-School Grad
23.8 sq mi
ZIP Area
2,664
Density / Sq Mi
$86,693
Median Household Income
$42,384
Median Earnings
$1,649
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 5,025 SF Big O Tires in Spring, TX for sale.
Where is this auto shop located?
The property is located at 1136 Spring Cypress Road Spring, TX.
What is the asking price?
The asking price for this property is $2,243,478.
What are key features of this property?
This property features: 20‑year absolute triple net (NNN) lease provides a stable, long‑term investment.; Zero landlord responsibilities offer a truly passive income stream.; Enjoy 10% rental increases every 5 years, ensuring growing returns.
