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    Spears Rd Houston, TX 77067

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    For Lease
    Contact for pricing

    Houston land, 8 acres, commercial lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 8-acre commercial land parcel presents a unique investment opportunity in Houston, Texas. Situated on Spears Road in Harris County, zip code 77067, this single-tenant property offers significant potential for various commercial developments. The expansive lot size provides ample space for a wide range of projects, catering to businesses requiring significant land area. With its convenient location in Houston, this property benefits from excellent access to major transportation routes, ensuring high visibility and easy accessibility for employees and customers. The property is zoned for commercial use (specific zoning details should be independently verified). This is a blank canvas for your vision, allowing for the creation of a custom-designed commercial space tailored to your specific needs. The property's size and location make it ideal for a variety of uses, including but not limited to warehousing, distribution centers, light industrial facilities, or large-scale retail developments. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. The property is currently available for lease. Further details regarding utilities, environmental assessments, and potential development restrictions are available upon request. Don't miss this chance to acquire a substantial commercial land parcel in a thriving Houston market.

    Property Features for 0 Spears Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 0 Spears Rd, Houston, TX 77067 Contact us

    We can help!

    Listing Contact
    Tyler Torres
    Tyler Torres

    Learn more

    Property Insight Report

    HighLights

    • ± 8 acres available for lease or sale on Spears Road, Houston, TX 77067.
    • Spears Road location between TC Jester and Ella Boulevards, 1.5 miles west of I‑45 and under 2 miles north of Beltway 8.
    • Excellent visibility with ± 265 feet of frontage on Spears Road.
    • High‑density residential and commercial area, adjacent to a new DR Horton single‑family residential development.
    • High traffic counts: 24,000+ vehicles/day on Spears Road; 145,000+ vehicles/day on Beltway 8; 314,000+ vehicles/day on I‑45.
    • Located in Harris County, Spring ISD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.442643
    Latitude
    29.964462

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    FAQs

    What type of property is this?
    Land - Houston land, 8 acres, commercial lease
    Where is this land located?
    The property is located at Spears Rd Houston, TX.
    What are key features of this property?
    This property features: ± 8 acres available for lease or sale on Spears Road, Houston, TX 77067.; Spears Road location between TC Jester and Ella Boulevards, 1.5 miles west of I-45 and under 2 miles north of Beltway 8.; Excellent visibility with ± 265 feet of frontage on Spears Road.
    (281) 898-0895
    Request Owner's contact information
    Spears Rd Houston, TX 77067
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    Houston, TX 77067
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    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
    Spears Rd Houston, TX 77067
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    We can help!
    Listing Contact
    Tyler Torres
    Tyler Torres
    Real Estate License ID: 667430
    (281) 898-0895
    Learn more
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