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Property profile

1802 Pinewoods Way Spring, TX 77386

OFF-MARKET
Office Spaces
Property ID
US83-2581682
3,950 SF Built 1967
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Property summary

AI-generated overview

This exceptional 3,950 square foot mixed-use property, situated on a 1.22-acre corner lot in Spring, Texas (77386), presents a compelling value-add investment opportunity. The property boasts two buildings, totaling 3,950 square feet, built in 1967 and renovated in 2017. The main structure includes a substantial 1,650 square foot workshop featuring four bay doors, an office, and a half-bath. Above the workshop is a 1,200 square foot, income-generating two-bedroom, one-bathroom apartment. The property also features an in-ground pool with a waterfall. A significant advantage is the modern 1,000-gallon-per-day aerobic septic system installed in 2022. The property is conveniently located one block from Rayford Road, offering excellent accessibility. The upper floor (34x37 sq ft) provides a blank canvas for customization. The property's zoning allows for flexible use, making it suitable for various commercial ventures or a large residential conversion. Please note that recent storm damage (June 2024) may not be fully reflected in the provided photos

Property profile

Verified
Property type Office Spaces
Year built 1967
Total area 3,950 SF
UPID US83-2581682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1802 Pinewoods Way Spring, TX 77386
Spring metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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