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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17440 Theiss Mail Rte Rd Spring, TX 77379-4614

    • Golf courses & driving ranges
    • 5,508 SF
    • 5.77 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5189882
    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

    • Memorial Northwest Community Center - Tennis Center / Tennis Club
    • Memorial Northwest Community Center - Office / Community Center
    • Memorial Northwest Community Center - Gym / Gym

    Property Details for 17440 Theiss Mail Rte Rd

    Year built
    2013
    Construction
    WOOD FRAME
    Lot size
    5.77 lot acres
    Property size
    5,508 SF
    Property type
    Golf courses & driving ranges
    APN
    421220000030
    APU
    421220000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $330,000
      Current use
      RESTAURANT
      $610,000
      Change: +85% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $560,000
      Change: +70% Conversion: Difficult
      MEDICAL BUILDING
      $390,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $360,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $360,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.539
    Latitude
    30.0236
    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
    $2.00
    $251,341
    $50
    $251,391
    -
    $251,341
    $50
    $251,391

    Comparable in this City

    • Value Estimation
      $660,000
      14,049 SF

      19393 Champion Frst Dr

      GOLF COURSE • 14,049 SF
      19393 Champion Frst Dr, Spring, TX 77379-8519
      View Details
    • Value Estimation
      $300,000
      13,065 SF

      6235 Pinelakes Blvd

      GOLF COURSE • 13,065 SF
      6235 Pinelakes Blvd, Spring, TX 77379-2599
      View Details
    • Value Estimation by Request
      49,576 SF

      9415 Cypresswood Dr

      GOLF COURSE • 49,576 SF
      9415 Cypresswood Dr, Spring, TX 77379-6917
      View Details
    • Value Estimation
      $325,000
      9,856 SF

      16400 Sir William Dr

      COUNTRY CLUB • 9,856 SF
      16400 Sir William Dr, Spring, TX 77379-7641
      View Details
    • Value Estimation
      $670,000
      24,700 SF

      5504 Fellowship Ln

      SKATING RINK, ICE SKATING, ROLLER SKATING • 24,700 SF
      5504 Fellowship Ln, Spring, TX 77379-8801
      View Details
    • Value Estimation
      $810,000
      49,474 SF

      21440 Kuykendahl Rd

      THEATER (MOVIE) • 49,474 SF
      21440 Kuykendahl Rd, Spring, TX 77379-2656
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.79 Acres

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      Prime Spring, TX Restaurant Space

      5,760 SF restaurant, ideal owner-user opportunity.
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      Spring Cypress Freestanding Buildings

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      Prime Pad Site Opportunity

      Pad site in rapidly expanding Spring, Texas with high traffic.
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      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
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      Unrestricted Land in Klein, Texas

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    Similar Nearby for Lease

    • Contact for pricing
      20,096 SF

      Retail Space with Gym Amenities

      Retail space with gym amenities, including pool and dance studio.
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    • Contact for pricing
      68,044 SF

      Cypresswood Crossing Retail Space

      Spring, TX restaurant & retail suites
      16000 Stuebner Airline Rd, Spring, TX 77379
      View Details
    • $14 SF/Yr
      9,000 SF

      Spring, TX Warehouse - 9,000 SF

      Single-tenant industrial warehouse in Spring, TX.
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      View Details
    • $13 SF/Yr
      21,615 SF

      Spring, TX Medical Office Suites

      Two-story medical/office building, suites available.
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    • $1.35 SF/Yr
      36,000 SF

      Spring Cypress Road Warehouse

      9,000 SF Warehouse Space Available
      5702 Spring Cypress Rd, Spring, TX 77379
      View Details
    • $34 SF/Yr
      8,679 SF

      Gleannloch Office Enclave

      Modern Office Condos, Prime Location
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      View Details
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    Spring, TX 77379-4614
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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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