Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Highway 249 Title is generated by Realmo AI

    0 Louetta Road, Spring, TX

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Acreage ideal for retail, medical, or office development.

    Type:LAND
    Lot size:
    1.26 Acres
    Added:
    Feb 9, 2024
    Days on Market:
    842
    Last Refresh:
    May 20 at 8:15 pm

    Property Features for 0 Louetta Road

    General Information

    Standard status
    Active
    Lot size
    1.26 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brenda Pennington
    Brenda Pennington

    Listing agent Brenda Pennington License #341099

    Listing office Brenda Pennington Commercial

    Listing date Feb 9, 2024

    Source Moodyscre

    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 Brenda Pennington Commercial

    HighLights

    • Acreage ideal for retail, medical, office
    • Convenient access to Highway 249, Beltway 8, Grand Parkway 99
    • Near Vintage Park
    • Upscale shopping nearby
    • Restaurants nearby
    • Medical facilities nearby

    Overview

    This acreage is conveniently located with easy access to Highway 249, Beltway 8, and Grand Parkway 99. The property is near Vintage Park, which offers upscale shopping, restaurants, and medical facilities. It is ideal for retail, medical, or office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4325
    Latitude
    30.0661

    Nearby Similar for Sale

    • $3,950,000
      17,000 SF

      Prime Commercial Building on I-45

      Versatile commercial property with high visibility and redevelopment potential.
      25807 I-45, Spring, TX 77380
      View Details
    • $1,900,000

      I-45 Frontage Land Opportunity

      Prime commercial land on I-45 in Spring/The Woodlands corridor.
      25657 Interstate 45, Spring, TX 77380
      View Details
    • $650,000
      2,560 SF

      Kuykendahl Road Commercial Opportunity

      High-visibility commercial property on 0.82 acres in Spring, TX.
      17934 Kuykendahl Rd, Spring, TX 77379
      View Details
    • $1,500,000
      7,427 SF

      Automotive Facility on FM 2920

      Move-in ready automotive facility on 1.03 acres in Spring, TX.
      3050 FM 2920 RD, Spring, TX 77388
      View Details
    • $2,590,000
      6,300 SF

      Two Single-Story Office Buildings

      Two office buildings with tenants in place through November 2028.
      1824 Sawdust, Spring, TX
      View Details
    • $2,380,000
      8,711 SF

      Retail Center in Growing Corridor

      Fully occupied retail center in a high-growth suburban area.
      340 Rayford Rd, Spring, TX 77386
      View Details
    • $1,300,000
      2,812 SF

      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
      17427 W Strack Dr, Spring, TX
      View Details
    • $2,625,000
      2,000 SF

      High-Visibility Commercial Land Opportunity

      Prime location on FM 2920, ideal for diverse development.
      3907 Fm 2920 Rd, Spring, TX 77388
      View Details
    • $1,700,000
      4,108 SF

      Turn-Key Mechanic Shop For Sale

      Mechanic shop on fenced lot near major roads.
      21123 RHODES RD, Spring, TX
      View Details
    • $925,000
      4,800 SF

      Commercial Building Near I-45

      4,800 SF commercial building in Spring, TX for sale.
      1010 Rayford, Spring, TX
      View Details
    • $2,300,000
      8,640 SF

      Unrestricted Land with Office and Shop

      5.5 acres with office, shop, and home near Exxon campus.
      1231 Pruitt, Spring, TX
      View Details
    • $2,300,000
      8,640 SF

      Live/Work Space Near The Woodlands

      Two-story office building and warehouse on 5.5 unrestricted acres.
      1231 Pruitt Road, Spring, TX 77380
      View Details

    FAQs

    What type of property is this?
    Land - Acreage ideal for retail, medical, or office development.
    Where is this land located?
    The property is located at 0 Louetta Road Spring, TX.
    What are key features of this property?
    This property features: Acreage ideal for retail, medical, office; Convenient access to Highway 249, Beltway 8, Grand Parkway 99; Near Vintage Park
    (713) 621-5050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brenda Pennington
    Brenda Pennington
    Real Estate License ID: 341099
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 Louetta Road, Spring, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!