Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2.58 Acre Parcel For Sale Title is generated by Realmo AI

    0001 Nelson Street, Spring, TX 77373

    View on Map
    Claim this Listing
    For Sale
    $675,000

    2.58 acre parcel near Old Town Spring.

    Type:Land or Vacant Lot
    Lot size:
    2.58 Acres
    Added:
    Oct 18, 2024
    Days on Market:
    591
    Last Refresh:
    May 10 at 8:54 pm

    Property Features for 0001 Nelson Street

    General Information

    Standard status
    Active
    Lot size
    2.58 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MANUEL BORJAS

    Listing agent MANUEL BORJAS License #0645917

    Listing office AAA REALTY

    Listing date Oct 18, 2024

    Source Corcoran

    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 AAA REALTY

    HighLights

    • 2.58 acre parcel available, offering a great opportunity.
    • Prime location: close to Old Town Spring and nice subdivisions.
    • High‑growth area with multiple end uses possible.
    • Minutes from Grand Parkway, I‑45, and Hardy Tollway.
    • Opportunity to build something special.
    • Additional 2.3 acres adjacent available.

    Overview

    A 2.58-acre parcel is available in a location close to Old Town Spring, with proximity to subdivisions and area growth. The site is located minutes from Grand Parkway I-45 and Hardy Tollway, presenting multiple end uses. An adjacent 2.3-acre parcel is also available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4235
    Latitude
    30.0875

    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?
    Commercial land - 2.58 acre parcel near Old Town Spring.
    Where is this commercial land located?
    The property is located at 0001 Nelson Street Spring, TX.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 2.58 acre parcel available, offering a great opportunity.; Prime location: close to Old Town Spring and nice subdivisions.; High‑growth area with multiple end uses possible.
    (832) 230-2323
    We can help!
    Listing Contact
    MANUEL BORJAS
    Real Estate License ID: 0645917
    Learn More
    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
    0001 Nelson Street, Spring, TX 77373
    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!