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    The Largest CRE Database in the US with Over 1 Million Listings

    Spears Rd Houston, TX 77067

    Sponsored
    For Lease
    Contact for pricing

    Prime Houston acreage: Lease or buy.

    Lot size:
    598,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional 13.75-acre commercial land parcel presents a unique investment opportunity in Houston, Texas. Located at 0 Spears Road, Harris County, zip code 77067, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial ventures. With its convenient location in Houston, this property boasts excellent accessibility and visibility. The land is designated for commercial use, making it ideal for businesses seeking a substantial footprint. The property is available for both lease and sale, providing flexibility for prospective buyers or tenants. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a large tract of land in a thriving Houston market. The property's size and location make it suitable for a wide range of commercial developments, from large-scale industrial projects to retail centers. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Coordinates are 29.965011 latitude and -95.437639 longitude. This is a blank canvas for your next commercial endeavor. Don't miss this chance to secure a significant piece of Houston real estate.

    Property Features for 0 Spears Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    598,950 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    598,950 SF

    We can help!

    Listing Contact
    Tyler Torres
    Tyler Torres

    Learn more

    Property Insight Report

    HighLights

    • 13.75‑acre pad site available for sale or ground lease at the hard corner of Spears Rd. and Spears‑Gears Rd.
    • Prime location on Spears Rd. between TC Jester and Ella Boulevards, 1.5 miles west of I‑45 and under 2 miles north of Beltway 8.
    • High visibility with 724 ft. of frontage on Spears Rd. and 825 ft. on Spears‑Gears Rd.
    • High‑density residential and commercial area, adjacent to a new DR Horton single‑family residential development.
    • High traffic counts: >24,000 VPD on Spears Rd., >145,000 VPD on Beltway 8, and >314,000 VPD on I‑45.
    • Harris County, Spring ISD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.437639
    Latitude
    29.965011

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    FAQs

    What type of property is this?
    Land - Prime Houston acreage: Lease or buy.
    Where is this land located?
    The property is located at Spears Rd Houston, TX.
    What are key features of this property?
    This property features: 13.75-acre pad site available for sale or ground lease at the hard corner of Spears Rd. and Spears-Gears Rd.; Prime location on Spears Rd. between TC Jester and Ella Boulevards, 1.5 miles west of I-45 and under 2 miles north of Beltway 8.; High visibility with 724 ft. of frontage on Spears Rd. and 825 ft. on Spears-Gears Rd.
    (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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