Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2650 Old Louetta Loop Spring, TX 77388

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr

    Office space for lease in a thriving Spring, Texas area.

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Joe Palumbo
    Source: 3rdgd

    Listing Agent: Joe Palumbo

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

    Learn more

    Overview

    Office Space in Spring, Texas

    This office space is available for lease in Palumbo Plaza, situated off Louetta Road and Old Louetta Loop, placing it in a well-established commercial and residential area of Spring, Texas. The lease is structured as a modified gross lease, which excludes NNN expenses. The minimum lease term is 3 years.
    Location Intelligence

    Current Use by Public Records

    SOLDIER GLASS Auto Repair Shop Zee Plastics Inc Factory D & D Foundations ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.457079
    Latitude
    30.057216

    Nearby Similar for Lease

    • Contact for pricing

      Springwoods

      Meet, work or collaborate in our professional Columbia Center business center
      24624 Interstate 45, Spring, TX 77386
      View Details
    • Sponsored
      Contact for pricing

      TX, Spring - Budde Road

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      25814 Budde Rd, Spring, TX 77380
      View Details
    • Contact for pricing
      8,860 SF

      Retail Space in Theiss Plaza

      Neighborhood retail center in Champion Forest area of Spring, Texas.
      16811-16825 Theiss Mail Route Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      17,900 SF

      Retail Center Near Exxon Campus

      Retail spaces for lease in a high-growth Houston trade area.
      2040 Louetta Rd, Spring, TX 77388
      View Details
    • $3,500 /Mo
      1,566 SF

      Remodeled Office Building Near Airport

      Gated office building with modern amenities, convenient location.
      5905 Treaschwig Rd, Spring, TX 77373
      View Details
    • $32 SF/Yr
      990 SF

      New Professional Office Condo

      Move-in ready 990 sq. ft. office with modern finishes.
      18930 Kuykendahl Rd, Spring, TX 77379
      View Details
    • $3,000 /Mo
      1,480 SF

      Renovated Mixed-Use Live/Work Property

      Move-in ready, versatile space on a spacious unrestricted lot.
      29806 Lazy Ln, Spring, TX 77386
      View Details
    • $18 SF/Yr
      2,000 SF

      New Professional Office/Retail Space

      Brand new 2,000 SF office/retail building ready for customization.
      6521 Fm 2920 Rd, Spring, TX 77379
      View Details
    • $19 SF/Yr
      3,906 SF

      Office Space Near Woodlands Mall

      Office space for rent with convenient access to amenities.
      2002 Timberloch Pl, Spring, TX 77380
      View Details
    • $13 SF/Yr
      732 SF

      Office Space For Rent

      Office space available with convenient access to amenities.
      2203 Timberloch Pl, Spring, TX 77380
      View Details
    • $16 SF/Yr
      1,584 SF

      Luxury Office Condominium For Lease

      1,584 SF luxury office condo with custom interior finishes.
      25511 Budde Rd, Spring, TX 77380
      View Details
    • $14 SF/Yr
      6,105 SF

      Office Space Near Woodlands Amenities

      Office space for rent with convenient access to amenities.
      2201 Timberloch Pl, Spring, TX 77380
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in a thriving Spring, Texas area.
    Where is this office units located?
    The property is located at 2650 Old Louetta Loop Spring, TX.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Modified gross lease (no NNN expenses); - Minimum 3-year lease term; - Located in Palumbo Plaza
    (281) 609-7114
    Request Owner's contact information
    2650 Old Louetta Loop Spring, TX 77388
    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.
    2650 Old Louetta Loop
    Spring, TX 77388
    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
    2650 Old Louetta Loop Spring, TX 77388
    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
    Joe Palumbo
    (281) 609-7114
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!