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    Undefined Tx Spring, TX 77389

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    Undefined Tx Spring, TX 77389

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    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    Introducing a prime opportunity for discerning businesses seeking a unique presence within the highly sought-after Gosling Oaks development. This experiential mixed-use project, slated for completion in the fourth quarter of 2024, offers exceptional retail and restaurant spaces ranging from 2,100 to 50,000 square feet. The development boasts award-winning architecture seamlessly integrated with nature, featuring three public greenspaces showcasing relocated heritage oak trees. The spaces are designed to maximize natural light and offer multi-dimensional storefronts and patios providing unobstructed views of these stunning green areas – even including a tree house! This is a truly unique opportunity to establish a flagship location in a vibrant community. The development is strategically located at the southern gateway to The Woodlands, benefiting from its affluent and growing population. Adding to the already strong residential base of 2,500 residents within a 10-minute walk, a planned 390-unit Class A multifamily complex will further enhance the area's density and consumer base. High-end construction and design ensure a premium experience for both tenants and their clientele. Multiple tenancy options are available, making this an ideal location for a variety of businesses. Don't miss this chance to be part of this exceptional development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5092
    Latitude
    30.1014

    Comparable in this City

    • Value Estimation by Request
      10,400 SF

      8701 Rayford Rd

      Restaurants • 10,400 SF
      8701 Rayford Rd, Spring, TX 77389
      View Details
    • Value Estimation by Request
      349,112 SF

      Grand Pkwy & Kuykendahl Rd

      Restaurants • 349,112 SF
      0 Grand Pkwy & Kuykendahl Rd, Spring, TX 77389
      View Details
    • Value Estimation by Request
      167,199 SF

      2102-2180 Spring Stuebner Rd

      Neighborhood centers • 167,199 SF
      2102-2180 Spring Stuebner Rd, Spring, TX 77389
      View Details
    • Value Estimation by Request
      1,888 SF

      5330 Hampton Pointe Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,888 SF
      5330 Hampton Pointe Blvd, Spring, TX 77389
      View Details
    • Value Estimation by Request
      1,938 SF

      23010 Northcrest Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,938 SF
      23010 Northcrest Dr, Spring, TX 77389-3763
      View Details
    • Value Estimation by Request
      2,885 SF

      8331 London Way Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,885 SF
      8331 London Way Dr, Spring, TX 77389-3363
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      NNN Leased Convenience Store Investment

      NNN leased convenience store with investment grade credit tenant.
      21810 Kuykendahl Rd, Spring, TX 77389
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    • Contact for pricing
      18,000 SF

      Corner Lot Development Opportunity

      Prime corner lot for retail and office development.
      5707 Rhetta Ln, Spring, TX 77389
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      Spring Oaks Plaza Retail Space

      Retail spaces available in Spring Oaks Plaza, Spring, TX.
      4544 Spring Stuebner Rd, Spring, TX 77389
      View Details
    • Contact for pricing
      2,710 SF

      Retail Space Available For Lease

      Retail space available for lease in Spring, Texas.
      2115 Spring Stuebner Rd, Spring, TX 77389
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    • $425,000

      Unrestricted Land with Garage/Workshop

      Unrestricted 1.3-acre cleared land with garage and workshop.
      4018 E Mossy Oaks Rd, Spring, TX 77389
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    • Contact for pricing

      Undeveloped Commercial Site For Sale

      2.64-acre commercial site ideal for retail development.
      22908 Gosling Rd, Spring, TX 77389
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Grand Parkway

      Retail and office spaces available for lease on Grand Parkway.
      21650 Kuykendahl Rd, Spring, TX 77389
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    • Contact for pricing

      Retail Space in Spring, Texas

      Retail property available for lease in Spring, Texas.
      1000 Lake Plaza Dr, Spring, TX 77389
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    • Contact for pricing

      Retail Space in Spring, Texas

      Retail development opportunity at a busy intersection in Spring, Texas.
      2102-2180 Spring Stuebner Rd, Spring, TX 77389
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space with Catering Kitchen

      Retail space featuring a second-generation cupcake and catering kitchen.
      22626 Kuykendahl Rd, Spring, TX 77389
      View Details
    • Contact for pricing
      3,332 SF

      Retail Space on Kuykendahl Road

      Retail space available for lease on Kuykendahl Road.
      22628 Kuykendahl Rd, Spring, TX 77389
      View Details
    • Contact for pricing

      Retail Space on Kuykendahl

      1200 SF retail space available for lease.
      22632 Kuykendahl Rd, Spring, TX 77389
      View Details
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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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