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    Fm830 Willis, TX 77378

    • Specialty properties
    • 84,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Fm830

    Property size
    84,000 SF
    Property type
    Specialty properties
    Property subtype
    Day care centers

    Description

    This exceptional commercial property, "The Spur at Seven Coves," presents a unique investment opportunity in the thriving Willis, Texas market. Located on FM830, zip code 77378, this retail center boasts a total of 84,000 square feet across 15 individual suites, currently all vacant and available for lease. The flexible space allows for a variety of uses, including retail, restaurant, and special purpose businesses. Suite sizes range from a minimum of 14,000 square feet to a maximum contiguous space of 21,000 square feet, providing options for businesses of various scales. The property sits on a sizable lot ranging from 0.58 to 2.04 acres, offering ample space and visibility. Extensive parking is available, with over 530 parking spaces to accommodate customers and employees. The property is ideal for a variety of commercial tenants seeking a high-traffic location with significant space and parking. Given the current vacancy, this presents a rare opportunity to establish a presence in a well-positioned Willis commercial center. No elevators are present in the building. Contact us today to learn more about leasing opportunities at this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4832
    Latitude
    30.3913

    Comparable in this City

    • Value Estimation by Request

      Tx-75

      Lifestyle centers
      0 Tx-75, Willis, TX 77378
      View Details
    • Value Estimation by Request

      600 Montgomery St

      Restaurants
      600 Montgomery St, Willis, TX 77378
      View Details
    • Value Estimation by Request
      2,325 SF

      12600 Interstate 45

      Restaurants • 2,325 SF
      12600 Interstate 45, Willis, TX 77378
      View Details
    • Value Estimation by Request

      17171 Fm 1097

      Specialty properties
      17171 Fm 1097, Willis, TX 77378
      View Details
    • Value Estimation by Request
      2,200 SF

      13301 Fm Rd

      Distribution properties • 2,200 SF
      13301 Fm Rd, Willis, TX 77378
      View Details
    • Value Estimation by Request
      30.00 Acres

      I-45 & Calvary

      Land • 30.00 Acres
      0 I-45 & Calvary, Willis, TX 77378
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Willis Commercial Land - 7.649 Acres

      Prime Willis, TX development opportunity.
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      30.00 Acres

      I-45 & Calvary: 30 Acres Retail Land

      Prime Willis, TX Retail Land - Opportunity Zone
      0 I-45 & Calvary, Willis, TX 77378
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    • $1,500,000
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      12-Acre Willis Commercial Land

      Prime Texas acreage, unrestricted zoning.
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    • $549,000
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      Willis, TX Mixed-Use Land

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      17171 Fm 1097, Willis, TX 77378
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      High-Visibility Willis, TX Commercial Land

      3.9 Acres, I-45 Frontage, $905,000
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    • Contact for pricing
      12.37 Acres

      Willis, TX Commercial Land

      12 Acres, Prime Location, High Growth
      13209 Fm 1097, Willis, TX 77378
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    Similar Nearby for Lease

    • $3 SF/Yr
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      Willis Retail Pad Site - 18,225 SF

      Prime Willis location, ready-to-build retail pad.
      600 Montgomery St, Willis, TX 77378
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      2,000 SF

      Retail Space Near High-Traffic Area

      Retail space in high-growth area near major retail centers.
      12466 N Interstate 45, Willis, TX 77378
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    • $13 SF/Yr
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      Willis Flex Space Available Now!

      Brand new flex space, 1,250-5,000 SF
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    • $9 SF/Yr
      2,200 SF

      Office/Retail Building on Corner Lot

      2,200 SF office/retail building available for lease in Willis, TX.
      13301 Fm 2432 Rd, Willis, TX 77378
      View Details
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    Willis, TX 77378
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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
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