Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1631 Louetta Rd Spring, TX 77388-4739

    • Car washes
    • 5,570 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2023
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5117183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mister Car Wash / Car Wash

    Property Details for 1631 Louetta Rd

    Year built
    2021
    Construction
    METAL FRAME
    Lot size
    0.90 lot acres
    Property size
    5,570 SF
    Property type
    Car washes
    APN
    1420060010002
    APU
    1420060010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $415,000
      Market price range: $211k - $415k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $310,000
      Current use
      RESTAURANT
      $535,000
      Change: +72% Conversion: Difficult
      MEDICAL BUILDING
      $325,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $270,000
      Change: -14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $255,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4389
    Latitude
    30.064
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,959
    $702,630
    $861,147
    $1,563,777
    -
    $702,630
    $861,147
    $1,563,777

    Comparable in this City

    • Value Estimation
      $425,000
      9,923 SF

      4619 Fm 2920th Rd

      CAR WASH - AUTOMATED • 9,923 SF
      4619 Fm 2920th Rd, Spring, TX 77388-3106
      View Details
    • Value Estimation
      $405,000
      8,008 SF

      5907 Fm 2920th Rd

      CAR WASH - AUTOMATED • 8,008 SF
      5907 Fm 2920th Rd, Spring, TX 77388-3016
      View Details
    • Value Estimation
      $365,000
      9,960 SF

      2920 Louetta Rd

      CAR WASH - AUTOMATED • 9,960 SF
      2920 Louetta Rd, Spring, TX 77388-4605
      View Details
    • Value Estimation
      $430,000
      8,311 SF

      4414 Louetta Rd

      CAR WASH - AUTOMATED • 8,311 SF
      4414 Louetta Rd, Spring, TX 77388-4413
      View Details
    • Value Estimation
      $280,000
      3,060 SF

      3822 Ramsgate Dr, Unit 6

      CAR WASH - SELF-SERVE • 3,060 SF
      3822 Ramsgate Dr, Spring, TX 77388-2913
      View Details
    • Value Estimation
      $380,000
      3,709 SF

      3843 Fm 2920th Rd

      GAS STATION • 3,709 SF
      3843 Fm 2920th Rd, Spring, TX 77388-4124
      View Details

    Similar Nearby for Sale

    • $175,000
      1,100 SF

      Luxury Spring Warehouse Condos

      24 Units, Climate-Controlled Storage
      4115 Kreinhop Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings on Louetta Road

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
      2211 Louetta Rd, Spring, TX 77388
      View Details
    • $1,700,000
      4,108 SF

      Turn-Key Mechanic Shop For Sale

      Mechanic shop on fenced lot near major roads.
      21123 Rhodes Rd, Spring, TX 77388
      View Details
    • $4,350,000
      7,500 SF

      Sun Auto NNN Lease Opportunity

      20-year absolute NNN lease with corporate guarantee.
      5445 Farm To Market 2920, Spring, TX 77388
      View Details
    • $2,516,025
      7.22 Acres

      Cypress Oaks: Retail & Industrial

      Prime Spring, TX Commercial Land
      0 Nwc Of Cypress Oaks Dr & Randal Way, Spring, TX 77388
      View Details
    • $4,410,450
      6.75 Acres

      North Freeway Commercial Land

      6.75 Acres, High Visibility, $4.4M
      I-45 & Cypress Oaks Dr, Spring, TX 77388
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,640 SF

      Cypresswood Court Retail Spaces

      Spring, TX Shopping Center: 3 Suites Available
      19507 I-45, Spring, TX 77388
      View Details
    • Contact for pricing
      3,082 SF

      Retail Space in Spring, Texas

      Retail space available for lease in Spring, Texas.
      230-250 Cypresswood Dr, Spring, TX 77388
      View Details
    • Contact for pricing
      4,690 SF

      Retail Space in Spring, Texas

      Retail space available for lease in Spring, Texas.
      2040 Louetta Rd, Spring, TX 77388
      View Details
    • $19 SF/Yr
      4,336 SF

      Retail Space Available For Rent

      Retail spaces available for lease in Spring, Texas.
      4700-4750 Fm 2920 Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      5,600 SF

      Shenandoah Retail/Medical Space Available

      5,600 SF end cap ideal for retail or medical use.
      19053 Interstate 45, Shenandoah, TX 77388
      View Details
    • $1.60 SF/Yr
      1,500 SF

      Retail Space with Security Features

      Retail space featuring security, bathroom with shower, and office.
      2540 Fm 2920 Rd, Spring, TX 77388
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1631 Louetta Rd
    Spring, TX 77388-4739
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.