Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Center in Growing Corridor Title is generated by Realmo AI

    340 Rayford Rd, Spring, TX 77386

    View on Map
    Claim this Listing
    For Sale
    $2,380,000

    Fully occupied retail center in a high-growth suburban area.

    Type:Shopping Strip
    Property size:
    8,711 SF
    Price / SF:
    $273/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 15 at 8:01 pm

    Property Features for 340 Rayford Rd

    General Information

    Standard status
    Active
    Size
    8,711 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Gus Lagos

    Listing agent Gus Lagos License #TX: 419197

    Listing office Houston Office

    Listing date Apr 15, 2026

    Source Marcusmillichap

    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 Houston Office

    HighLights

    • 100% Occupancy: Provides immediate income stream.
    • High‑Traffic Location: Situated near Interstate 45 and Rayford Road with approximately 50,000 vehicles per day on Rayford Road, ensuring excellent visibility and accessibility.
    • Strong Demographics: Average household income exceeds $100,000 within a one‑mile radius.
    • Located in a Growing Area: Embedded within the Imperial Oaks master‑planned community.
    • Anchored by National Retailers: Surrounded by H‑E‑B, Walmart, Kroger, and Walgreens, attracting consistent consumer traffic.
    • Triple‑Net (NNN) Leases: Tenants cover most property expenses.

    Overview

    Sam’s Plaza is an 8,711-square-foot retail center located at 340 Rayford Road in Spring, Texas. The property is 100 percent occupied, accommodating two triple-net tenants. The property is positioned within one of North Houston’s fastest-growing suburban corridors, approximately 1,000 feet from Interstate 45. The asset benefits from regional connectivity and commuter traffic, with approximately 50,000 vehicles per day along Rayford Road. The surrounding trade area is anchored by national retailers, including H-E-B, Walmart, Kroger, and Walgreens. The average household income exceeds $100,000 within a one-mile radius. The asset is embedded within the Imperial Oaks master-planned community, an area experiencing continued residential expansion and population growth, driving retail demand and supporting rent growth across the submarket. The property offers investors a well located, income-producing retail asset with embedded growth potential and exposure to one of the Houston MSA’s most dynamic suburban retail corridors.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Coinstar Kiosk — kroger - houston, 2301 rayford road, spring, tx 77386
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Houston, 2301 Rayford Rd, Spring, TX 77386

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.439812
    Latitude
    30.126905

    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
    • $1,500,000
      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
    • $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
    • $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

      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
    • $23
      250,000 SF

      Class A Office Building in Spring

      Four-story, 250,000 SF Class A office building for sale.
      25700 Interstate 45, Spring, TX 77386
      View Details
    • $169,000
      675 SF

      Corner Office Condo with Lake Views

      Professional office condo in Spring/Klein with easy access to major corridors.
      5515 Louetta Rd, Spring, TX 77379
      View Details
    • $6,160,000
      10,433 SF

      Freeway Retail Center For Sale

      Retail center with high-quality construction and tenant profile.
      19752-19764 North Freeway, Spring, TX
      View Details
    • $1,950,000
      19,950 SF

      Warehouse and Showroom Space

      19,950 SF warehouse and showroom available for lease.
      5833 Treaschwig Rd, Spring, TX
      View Details
    • $5,500,000
      21,320 SF

      Two-Story Office Building For Sale

      Two-story office building with 42 tenants, great investment opportunity.
      26310 Oak Ridge Drive, Spring, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center in a high-growth suburban area.
    Where is this shopping center located?
    The property is located at 340 Rayford Rd Spring, TX.
    What is the asking price?
    The asking price for this property is $2,380,000.
    What are key features of this property?
    This property features: 100% Occupancy: Provides immediate income stream.; High‑Traffic Location: Situated near Interstate 45 and Rayford Road with approximately 50,000 vehicles per day on Rayford Road, ensuring excellent visibility and accessibility.; Strong Demographics: Average household income exceeds $100,000 within a one‑mile radius.
    (713) 452-4257
    We can help!
    Listing Contact
    Gus Lagos
    Real Estate License ID: TX: 419197
    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
    340 Rayford Rd, Spring, TX 77386
    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!