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    Property profile & analytics

    17902 Strack Dr Spring, TX 77379-5210

    • Office buildings
    • 3,044 SF
    • 2.95 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2022
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1543247
    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

    • New Liberty Church / Church
    • Denovo Global Technologies, Inc / Environmental Consultant

    Property Details for 17902 Strack Dr

    Year built
    1962
    Construction
    BRICK
    Lot size
    2.95 lot acres
    Property size
    3,044 SF
    Property type
    Office buildings
    APN
    862190000017
    APU
    862190000017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4876
    Latitude
    30.0325
    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
    $17,241
    $192,492
    $881,644
    $1,074,136
    -
    $192,492
    $881,644
    $1,074,136

    Comparable in this City

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      $490,000
      1,505 SF

      8900 Eastloch Dr

      OFFICE BUILDING • 1,505 SF
      8900 Eastloch Dr, Spring, TX 77379-2337
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    • Value Estimation
      $390,000
      13,812 SF

      8515 Spg Cypress Rd

      OFFICE BUILDING • 13,812 SF
      8515 Spg Cypress Rd, Spring, TX 77379-3354
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    • Value Estimation
      $455,000
      11,139 SF

      16422 Stuebner Airline Rd

      OFFICE BUILDING • 11,139 SF
      16422 Stuebner Airline Rd, Spring, TX 77379-7361
      View Details
    • Value Estimation
      $330,000
      1,440 SF

      19923 Stuebner Airline Rd

      OFFICE BUILDING • 1,440 SF
      19923 Stuebner Airline Rd, Spring, TX 77379-5478
      View Details
    • Value Estimation
      $290,000
      7,552 SF

      8303 Cypresswood Dr

      OFFICE BUILDING • 7,552 SF
      8303 Cypresswood Dr, Spring, TX 77379-7492
      View Details
    • Value Estimation
      $370,000
      2,940 SF

      18530 Klein Church Rd

      OFFICE BUILDING • 2,940 SF
      18530 Klein Church Rd, Spring, TX 77379-4925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,400 SF

      Champions Forest Standalone Office Building

      Well-maintained office building in Champions Forest area with high visibility.
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    • $1,500,000
      5,689 SF

      Spring Cypress Freestanding Buildings

      Freestanding buildings ideal for office, medical, retail, or services.
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    • $1,600,000
      2,812 SF

      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
      17427 W Strack Dr, Spring, TX 77379
      View Details
    • Contact for pricing
      4,500 SF

      Executive Office Building for Sale

      Prime Spring, TX Office Space - 4,500 SF
      17018 Seven Pines Dr, Spring, TX 77379
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    • Contact for pricing
      6,148 SF

      Flex Building with Office Space

      6,148 SF flex building with 1,200 SF office for sale.
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    • Contact for pricing
      1,632 SF

      Office/Retail Building on Louetta Road

      1.87 acres with 1,632 SF building, redevelopment opportunity.
      9312 Louetta Rd, Spring, TX 77379
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      988 SF

      Class A Office/Retail Space

      53,549 SF Class A office/retail building for lease.
      8917 Louetta Rd, Spring, TX 77379
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    • Contact for pricing
      1,575 SF

      Two-Story Office Building For Rent

      Two-story office building with free surface parking available for rent.
      8500 Cypresswood Dr, Spring, TX 77379
      View Details
    • $20 SF/Yr
      4,431 SF

      Professional Office Building with Parking

      Class B office building with ample parking and modern conveniences.
      6319 Cypresswood Dr, Spring, TX 77379
      View Details
    • Contact for pricing
      9,577 SF

      Prime Spring Retail Space

      9,577 SF Retail/Office Opportunity
      18550 Champion Forest Dr, Spring, TX 77379
      View Details
    • $28 SF/Yr
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      Springbrook Plaza Office Space

      Prime Spring, TX Office - 1,186 sq ft
      21021 Spring Brook Plaza Dr, Spring, TX 77379
      View Details
    • $17 SF/Yr
      2,060 SF

      Office Space with Conference Rooms

      2060 SF office space featuring multiple conference rooms.
      8687 Louetta Rd, Spring, TX 77379
      View Details
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    17902 Strack Dr
    Spring, TX 77379-5210
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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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