Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Heatherwood Dr Spring, TX 77386

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    Strategically located commercial lot in the heart of Spring, Texas.

    Lot size:
    0.61 Acres

    Property Features for 119 Heatherwood Dr

    General Information

    Lot size
    0.61 Acres

    We can help!

    Listing Contact
    Erick Harbert
    Source: Elliman

    Listing Agent: Erick Harbert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Lot in Spring

    This 0.6-acre lot is strategically located in Spring, Texas, 77386, just off the 45 frontage. The property offers an opportunity for development, catering to the business landscape of the surrounding area. It is situated in close proximity to businesses and offices, making it suitable for entrepreneurs seeking a location to establish their enterprise. The lot's location ensures access to amenities and services, making it an option for offices, doctor, dentist, lawyer, or mechanic. This lot presents an investment opportunity for those aiming to tap into the local business ecosystem.
    Location Intelligence

    Current Use by Public Records

    Ostowear Medical Equipment Supplier Start Right Enterprises ... Auto Repair Shop

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.444466
    Latitude
    30.139917

    Nearby Similar for Sale

    • Contact for pricing
      4,216 SF

      Spring Investment Opportunity

      Four income-producing properties near The Woodlands, Texas.
      26703-26707 Interstate 45, Spring, TX 77380
      View Details
    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings on Louetta Road

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
      2211 Louetta Rd, Spring, TX 77388
      View Details
    • $1,095,000

      Spanish-Mediterranean Home with Gated Entry

      One-story home featuring a recreation room and fruit trees.
      23218 Aldine Westfield Rd, Spring, TX 77373
      View Details
    • $2,300,000
      8,640 SF

      Live/Work Location in The Woodlands

      Two-story office building and warehouse near The Woodlands.
      1231 Pruitt Rd, Spring, TX 77380
      View Details
    • $3,100,000

      Versatile Compound with Income Potential

      Custom home, barndominium, duplexes, warehouse, and resort-style amenities.
      22321 Mossy Oaks Rd, Spring, TX 77389
      View Details
    • Contact for pricing
      1,632 SF

      Office/Retail Building on Louetta Road

      1.87 acres with 1,632 SF building, redevelopment opportunity.
      9312 Louetta Rd, Spring, TX 77379
      View Details
    • $1,350,000

      Renovated Office Space Near Woodlands

      3,030 SF renovated office space with expansion potential.
      26206 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing
      15,400 SF

      Champions Forest Standalone Office Building

      Well-maintained office building in Champions Forest area with high visibility.
      8817 Louetta Rd, Spring, TX 77379
      View Details
    • $1,240,000

      Luxury Residences in Puerto Cancún

      Ultra-luxury residences with premium finishes and exclusive amenities.
      2527 Blvd, Spring, TX 77382
      View Details
    • $1,500,000
      5,689 SF

      Spring Cypress Freestanding Buildings

      Freestanding buildings ideal for office, medical, retail, or services.
      6710 Spring Cypress Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      13,941 SF

      Westgate Crossing Retail/Medical Space

      Retail/Medical space for lease in The Woodlands submarket.
      10110 Research Forest Dr, Spring, TX 77382
      View Details
    • $975,000
      3,120 SF

      Versatile Building on Expansive Land

      3,120 SF building on 4.86 acres with expansion potential.
      00 Fritz Ln, Spring, TX 77389
      View Details

    FAQs

    What type of property is this?
    Land - Strategically located commercial lot in the heart of Spring, Texas.
    Where is this land located?
    The property is located at 119 Heatherwood Dr Spring, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime .6 acre lot in the heart of Spring, Texas (77386).; - Strategically located just off 45 frontage.; - Lucrative opportunity for development catering to the vibrant business landscape.
    (281) 694-7966
    Request Owner's contact information
    119 Heatherwood Dr Spring, TX 77386
    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.
    119 Heatherwood Dr
    Spring, TX 77386
    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
    119 Heatherwood Dr Spring, TX 77386
    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

    We can help!
    Listing Contact
    Erick Harbert
    (281) 694-7966
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.