Automotive Facility on FM
For Sale
Contact for pricing
3050 FM 2920 RD, Spring, TX 77388
Move-in ready automotive facility on 1.03 acres in Spring, TX.
Property Size7,427 SF
Lot Size1.03 Acres
Price / SF$201.97
Days on Market104
Property Features for 3050 FM 2920 RD
General Information
Standard status
Active
Size
7,427 SF
Lot size
1.03 Acres
Property subtype
RETAIL
Listing Agency:
Kevin Riles Commercial
(281) 451-8437
Listed By:
Kevin Riles, Ph.D., CCIM
(281) 451-8437
Source:
Moodyscre
Added: Apr 29
Changed: Aug 8
Last Checked: Jul 25 at 8:42AM
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 Kevin Riles Commercial
Investment Insights
Based on property information with market context.
Located on Farm To Market 2920, this automotive facility benefits from high traffic and visibility. Situated on approximately 1.03 acres, the site offers over 30 parking spaces. The property is currently optimized for automotive repair and bodywork, but its retail positioning makes it suitable for various service-oriented commercial developments. It is located minutes from the Grand Parkway (Hway 99) and I-45, providing access for customers across Spring, Klein, and The Woodlands. The location is near established residential neighborhoods and Klein ISD schools, with retail synergy from surrounding retailers and shopping centers like Samdana Plaza and Spring Crossing. The 7427-square-foot facility is designed for high-volume service and efficiency, featuring bays, lifts, and office infrastructure. The property is positioned in a high-growth area of Spring, TX, near major retailers and shopping centers, and offers potential for various service-oriented commercial developments.
Key Highlights
- Move‑In Ready Automotive Facility: Fully functional, professional‑grade automotive facility designed for high‑volume service and efficiency.
- Prime Commercial Frontage on FM 2920: High‑traffic location with thousands of daily impressions.
- Expansive Lot & Parking: Approximately 1.03 acres with 30+ parking spaces.
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
$100,707
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
6.71%
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%
$2,014,140
$2.0M
Cap Rate 7%
$1,438,671
$1.4M
Cap Rate 9%
$1,118,967
$1.1M
Market Conditions
NOI Build-Up for 7,427 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
$152.4K $20.52/SF
− Vacancy
−$8.5K −$1.15/SF
EGI
$143.9K $19.37/SF
− OpEx
−$43.2K −$5.81/SF
NOI
$100.7K $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%
$2,014,140
Cap Rate 7%
$1,438,671
Cap Rate 9%
$1,118,967
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,707 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$540.0K
$472.5K – $630.0K
NOI $37,802 @ 7.0% cap · market cap 2.52%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.19M
NOI $131,248 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
266k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Dining 35%
Shops & Services 24%
Home Improvements & Furnishings 3%
H-E-B
Groceries
97,615 visits/mo
0.5 miles
Whataburger
Dining
30,734 visits/mo
0.3 miles
McDonald's
Dining
29,696 visits/mo
0.4 miles
H-E-B Fuel
Shops & Services
15,424 visits/mo
0.4 miles
Exxon
Shops & Services
14,340 visits/mo
0.5 miles
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Penske Truck Rental — 21836 Holzwarth Rd, Spring, TX 77388
- Amazing Spaces Storage Centers — 21836 Holzwarth Rd, Spring, TX 77388
- U-Haul Neighborhood Dealer — 3050 Farm to Market 2920, Spring, TX 77388
Frequently Asked Questions
What type of property is this?
Automotive property - Move-in ready automotive facility on 1.03 acres in Spring, TX.
Where is this automotive property located?
The property is located at 3050 FM 2920 RD Spring, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Move‑In Ready Automotive Facility: Fully functional, professional‑grade automotive facility designed for high‑volume service and efficiency.; Prime Commercial Frontage on FM 2920: High‑traffic location with thousands of daily impressions.; Expansive Lot & Parking: Approximately 1.03 acres with 30+ parking spaces.
