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Property profile & analytics
OFF-MARKET
Estimated value
$9,025,000
Office buildings
16000 Stuebner Airline Rd Spring, TX 77379-7363
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2842991
Property summary
AI-generated overview
This single-story, 68,044-square-foot retail and restaurant center, built in 1984 and renovated in 2010, is located at 16000 Stuebner Airline Rd, Spring, TX 77379, near Cypresswood Dr. The Class B property sits on a 4.51-acre lot and offers multiple tenancy options with a minimum divisible space of 1,260 square feet and a maximum contiguous space of 6,398 square feet. Currently, 11,666 square feet of space is available. Available spaces include a 6,398-square-foot second-generation restaurant with a patio, a 1,260-square-foot white box space, and an 8,581-square-foot second-generation salon suite space on the second floor. The property features 336 parking spaces and is situated in the Northwest Houston submarket, specifically the Spring, TX cluster. The building has a 0.35 FAR and comprises nine total suites. No elevators are present.
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,318 SF
Lot
4.52 ac (196,717 SF)
APN
420860000009
UPID
US83-2842991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Interlinc Mortgage Services - Mark Zachary Loan Service Bank
-
Lone Star Patio Covers & Enclosures Construction Company
-
Hendricks Engineers, Inc. Civil Engineer
-
Farmers Insurance - Lee McLeod Insurance Agency
-
Trendy Looks Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.02M
Comparable Approach
Comparable
$10.03M
Blend (final)
Blend
$9.03M
Owner & transaction history
Venture Cypresswood LP · 7 yrs held
Venture Cypresswood LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,690,000
6.5%
$8,020,000
7%
$7,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,470,000
Current use
INDUSTRIAL (GENERAL)
$10,435,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.12M – $9.93M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$242 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$121,204
Tax year 2022
Assessed value
$7,602,354
Assessed 2024
Previous assessed
$6,927,688
+9.7% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,573,736
Assessed improvement
$6,028,618
Land market value
$1,573,736
Improvement market value
$6,028,618
Total market value
$7,602,354
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
37,318 SF
Lot
4.52 ac (196,717 SF)
APN
420860000009
UPID
US83-2842991
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.5M
INDUSTRIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Lot
4.52 ac
Current owner
From public records · entity-resolved
Venture Cypresswood LP
Entity
Mailing address
8235 DOUGLAS AVE STE #720, DALLAS, TX 75225-6007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2018
—
Venture Cypresswood LP
Landing Cypresswood II
Quit Claim Deed
related
$10,725,000 · Rcc R/e
Dec 28, 2017
—
Cypresswood Landing II LP
—
Deed
related
$6,000,000 · Green Bk
Feb 1, 2008
—
Steeplechase Landing
Green Coast Ents INC
Warranty Deed
$150,000 · Green Coast Ents INC
—
—
Cypresswood Landing II LP
—
Loan Modification
related
$6,374,677 · Green Bk
—
—
Landing Cypresswood II
—
Deed Of Trust
related
$8,400,000 · Everbank
—
—
Steeplechase Landing
—
Deed Of Trust
related
$7,000,000 · Green Bank
—
—
Cypresswood Landing II LP
—
Deed Of Trust
related
$6,000,000 · Green Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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