Five-Unit Storefront
For Sale
$1,150,000
310 Main St, Spring, TX 77373
Renovated commercial building in Old Town Spring with four occupied spaces and one vacant unit.
Property Size5,850 SF
Price / SF$196.58
Days on Market66
Property Features for 310 Main St
General Information
Standard status
Active
Size
5,850 SF
Property subtype
Retail
Additional Details
Gross Income
$80,000
Building Details
Building Size
5,850 SF
Year Built
1983
Year Renovated
1990
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #TX #0642075
Source:
Thecommercialprofessionals
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 2:56PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 5,850-square-foot storefront property contains five commercial units within a multi-space building. The unit configuration includes four occupied spaces and one vacant unit, providing a mix of existing occupancy and available space. The property was built in 1983, with renovation work listed in 1990.
Located at 310 Main St in Old Town Spring, the property includes addresses at 310 Main St, 310 1/2 Main St, 312 Main St, 314 Main St, and 314 1/2 Main St. Grass maintenance and septic service are associated with the buildings. The property is positioned within the Old Town Spring commercial area and offers a defined storefront configuration for retail-oriented occupancy.
Located at 310 Main St in Old Town Spring, the property includes addresses at 310 Main St, 310 1/2 Main St, 312 Main St, 314 Main St, and 314 1/2 Main St. Grass maintenance and septic service are associated with the buildings. The property is positioned within the Old Town Spring commercial area and offers a defined storefront configuration for retail-oriented occupancy.
Key Highlights
- 5,850 SF building with five commercial units
- Four occupied units and one vacant unit
- Addresses include 310, 310 1/2, 312, 314, and 314 1/2 Main St
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
$79,324
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
6.90%
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%
$1,586,480
$1.6M
Cap Rate 7%
$1,133,200
$1.1M
Cap Rate 9%
$881,378
$881.4K
Market Conditions
NOI Build-Up for 5,850 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
$120.0K $20.52/SF
− Vacancy
−$6.7K −$1.15/SF
EGI
$113.3K $19.37/SF
− OpEx
−$34.0K −$5.81/SF
NOI
$79.3K $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%
$1,586,480
Cap Rate 7%
$1,133,200
Cap Rate 9%
$881,378
Alternative Uses
Best Use
Retail
$1.13M
$991.6K – $1.32M
NOI $79,324 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,379 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
2,742 visits/mo
0.3 miles
Amegy Bank
Shops & Services
2,089 visits/mo
0.5 miles
Demographics for 77373, TX
63,413
Population
23,619
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
88%
High-School Grad
23.8 sq mi
ZIP Area
2,664
Density / Sq Mi
$86,693
Median Household Income
$42,384
Median Earnings
$1,649
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated commercial building in Old Town Spring with four occupied spaces and one vacant unit.
Where is this storefront property located?
The property is located at 310 Main St Spring, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,850 SF building with five commercial units; Four occupied units and one vacant unit; Addresses include 310, 310 1/2, 312, 314, and 314 1/2 Main St
