Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18551 Champion Forest Dr Spring, TX 77379

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,131 SF retail/medical space near Grand Parkway in Spring, TX.

    Type:Retail
    Property size:
    5,131 SF
    Added:
    Mar 22, 2023
    Days on Market:
    1137
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 18551 Champion Forest Dr

    General Information

    Standard status
    Active
    Size
    5,131 SF
    Property subtype
    Retail

    Spaces For Lease

    at 18551 Champion Forest Dr Contact us

    $30 /Mo

    Size
    5,131 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Patrick Buckhoff, CCIM

    Listing agent Patrick Buckhoff, CCIM License #TX 9005284

    Listing office RE/MAX Commercial Advisors Group

    Listing date Mar 22, 2023

    Source Crexi

    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 RE/MAX Commercial Advisors Group

    Overview

    Retail/Medical Office Space Available

    This 5,131 square foot retail and medical office space is located at the entrance of the Gleannloch Farms community. The location provides excellent visibility and ample parking. It is situated in a high-income trade area. The property is suitable for upscale retail, medical offices, wellness centers, and fitness concepts. The location offers easy access to Grand Parkway, SH 249, and I-45. It is one minute to Spring Cypress Road, three minutes to Grand Parkway, seven minutes to SH 249, and twelve minutes to I-45.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    North Houston Hearing ... Physician Champion Forrest LLC Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.55534
    Latitude
    30.032275

    Nearby Similar for Lease

    • Contact for pricing

      Industrial Space with Renovated Office

      7,200 SF industrial space with quick highway access.
      2819 Louetta Rd, Spring, TX 77388
      View Details
    • Sponsored
      Contact for pricing

      TX, Spring - Budde Road

      25814 Budde Rd, Spring, TX 77380
      View Details
    • Contact for pricing

      Springwoods

      24624 Interstate 45, Unit 200, Spring, TX 77386
      View Details
    • Contact for pricing

      Adaptable Office Spaces For Rent

      Modern, customizable office spaces in a thriving North Houston market.
      4333-4334 Kreinhop, Spring, TX 77388-2978
      View Details
    • $0.15 SF/Yr

      Versatile Retail and Warehouse Space

      Retail and warehouse suites with customized floor plans available.
      2810 Louetta Road, Spring, TX 77388
      View Details
    • $18 SF/Yr

      Class A Office Space Available

      Office suites for lease in The Woodlands Town Center.
      9400 Grogans Mill Road, Spring, TX
      View Details
    • $22 SF/Yr

      Office Space Near Hardy Toll

      9,125 SF office space for lease near City Place.
      819 Crossbridge Drive, Spring, TX 77373
      View Details
    • $1.35 SF/Yr

      Spring/Klein Flex Space Available

      Office/warehouse/flex space in a dynamic, well-connected location.
      21631 Rhodes Road, Spring, TX 77388
      View Details
    • $26 SF/Yr

      Class A Office Space

      Class A office space in The Woodlands Town Center.
      1330 Lake Robbins Drive, Spring, TX
      View Details
    • $19 SF/Yr

      Retail Space Available For Rent

      Retail spaces available for lease in Spring, Texas.
      4700-4750 FM 2920, Spring, TX
      View Details
    • $1.00 SF/Yr

      Office Space in Spring, Texas

      Office space for lease in a thriving Spring, Texas area.
      2650 Old Louetta Loop, Spring, TX 77388
      View Details
    • Contact for pricing

      Retail Center I-45 Frontage Location

      Newly renovated retail spaces with high visibility and accessibility.
      25770 Interstate 45 North, Spring, TX 77386
      View Details

    FAQs

    What type of property is this?
    Retail property - 5,131 SF retail/medical space near Grand Parkway in Spring, TX.
    Where is this retail property located?
    The property is located at 18551 Champion Forest Dr Spring, TX.
    What are key features of this property?
    This property features: Prime location at the entrance to Gleannloch Farms, offering excellent visibility.; Easy access to Grand Parkway, SH 249, and I‑45.; Located in a high‑income trade area with a median household income of $166,373.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Patrick Buckhoff, CCIM
    Real Estate License ID: TX 9005284
    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

    18551 Champion Forest Dr, Spring, TX 77379

    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!