5507 Louetta Rd Spring, TX 77379
- Office Properties & Spaces
- 710 SF
- 0.06 lot acres
Current Use by Public Records
- The Fuentes Firm, P.C. / Law Firm
- Anointed Hands Janitorial Services / Janitorial Service / Cleaning Service
Property Details for 5507 Louetta Rd
- Year built
- 2008
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 710 SF
- Property type
- Office Properties & Spaces
- APN
- 1287090040005
- APU
- 1287090040005
Description
This exceptional 4,050-square-foot single-story office building, constructed in 2008, presents a unique owner-user or investment opportunity in Spring, Texas. Located at 5507 Louetta Rd, Suite A, this Class B property boasts numerous upgrades, including 10-foot ceilings, travertine flooring in the reception area, and a sophisticated conference room featuring a glass wall with privacy film and wood paneling. The building also includes upgraded wiring, crown molding throughout, commercial bathrooms, and a large kitchenette. The flexible layout offers both open and private office spaces, and the property is designed to accommodate multiple tenants, with four separate entrances allowing for potential subleasing. The Palms Office Condominium complex offers well-maintained landscaping, ample parking, and ADA compliance. Its convenient location in Spring, Texas, provides easy access to The Woodlands, George Bush Intercontinental Airport (IAH), and major highways including 249, I-45, and 99. The property is zoned under the Palms Association Rule and is ideal for medical or professional office uses. The building features excellent natural lighting throughout. This property offers a strong return on investment, with comparable office spaces in the area leasing at $16-$18 per square foot annually plus NNN charges. However, due to the size of the building, a quick lease-up may not be guaranteed.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $345,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $370,000
- Mixed-Use
- $320,000
- Hospitality
- $370,000
- Educational
- $380,000
- Residential Income
- $395,000
- Energy
- $335,000
- Income-Based Land
- $370,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Harris
- State
- Texas
- Longitude
- -95.498
- Latitude
- 30.0343
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
