Commercial Land with
For Sale
$1,400,000
5310 Logston Ln, Spring, TX 77389
The tract includes an existing shop and office structure, with roadway frontage supporting visibility and access.
Property Size6,285 SF
Days on Market111
Property Features for 5310 Logston Ln
General Information
Standard status
Active
Size
6,285 SF
Property subtype
Commercial
Building Details
Building Size
6,285 SF
Listing Agency:
Matthews Real Estate Investments Services | Houston
Listed By:
Doc Perrier · License #703159 (TX)
(346) 223-5954
Source:
Matthews
Added: Jun 28
Changed: Oct 4
Last Checked: Oct 16 at 5:42AM
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 Matthews Real Estate Investments Services | Houston
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Investment Insights
Based on property information with market context.
This commercial land property at 5310 Logston Ln in Spring, Texas, encompasses approximately 5.33 acres and includes an existing 6,285-square-foot shop and office structure. The improvements provide an established physical component within a larger tract suitable for evaluating future development plans.
The property has frontage on 99, supporting visibility and access from the roadway. Traffic volume is approximately 34,200 vehicles per day, adding measurable exposure to the site. The combination of acreage, existing shop and office improvements, and roadway positioning gives users multiple physical components to consider when assessing the property.
The property has frontage on 99, supporting visibility and access from the roadway. Traffic volume is approximately 34,200 vehicles per day, adding measurable exposure to the site. The combination of acreage, existing shop and office improvements, and roadway positioning gives users multiple physical components to consider when assessing the property.
Key Highlights
- Approximately 5.33 AC commercial land tract
- Existing ±6,285 SF shop and office structure
- Frontage on 99
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,892
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,840
$1.1M
Cap Rate 7%
$769,886
$769.9K
Cap Rate 9%
$598,800
$598.8K
Market Conditions
NOI Build-Up for 6,285 SF
Gross rent
$83.0K $13.20/SF
− Vacancy
−$6.0K −$0.95/SF
EGI
$77.0K $12.25/SF
− OpEx
−$23.1K −$3.67/SF
NOI
$53.9K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,840
Cap Rate 7%
$769,886
Cap Rate 9%
$598,800
Alternative Uses
Best Use
Industrial
$769.9K
$673.7K – $898.2K
NOI $53,892 @ 7.0% cap · market cap 3.85%
Second Best
Flex RnD
$426.5K
$373.2K – $497.6K
NOI $29,857 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,129 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 77389, TX
41,534
Population
15,138
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
1,950
Density / Sq Mi
$145,228
Median Household Income
$64,867
Median Earnings
$1,795
Median Rent
$387,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The tract includes an existing shop and office structure, with roadway frontage supporting visibility and access.
Where is this commercial land located?
The property is located at 5310 Logston Ln Spring, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 5.33 AC commercial land tract; Existing ±6,285 SF shop and office structure; Frontage on 99
