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

    1830 Millbend Dr Spring, TX 77380-1411

    • Warehouses
    • 6,700 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2334837
    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

    • Tournament Course Canongate Woodlands / Private Golf Course
    • Insperity Invitational / Non-Profit Organization
    • Administaff Small Business / Employment Agency
    • Golf Academy at The Woodlands Country Club / Golf Instructor
    • Security Command Trailer / Security System Supplier

    Property Details for 1830 Millbend Dr

    Year built
    2008
    Lot size
    2.80 lot acres
    Property size
    6,700 SF
    Property type
    Warehouses
    APN
    0599-00-01554
    APU
    5990001554

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $551,000
      Market price range: $225k - $1.07M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4645
    Latitude
    30.1436
    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
    2024
    $17,534
    $732,590
    $323,380
    $1,055,970
    -
    $732,590
    $323,380
    $1,055,970

    Comparable in this City

    • Value Estimation by Request

      26815 Interstate 45

      WAREHOUSE, STORAGE
      26815 Interstate 45, Spring, TX 77380-1909
      View Details
    • Value Estimation
      $595,000
      13,250 SF

      24627 Interstate 45

      WAREHOUSE, STORAGE • 13,250 SF
      24627 Interstate 45, Spring, TX 77380-3054
      View Details
    • Value Estimation
      $175,000
      1,961 SF

      2101 Riva Row

      WAREHOUSE, STORAGE • 1,961 SF
      2101 Riva Row, The Woodlands, TX 77380
      View Details
    • Value Estimation
      $735,000
      25,000 SF

      1622 Sawdust Rd

      WAREHOUSE, STORAGE • 25,000 SF
      1622 Sawdust Rd, Spring, TX 77380-2921
      View Details
    • Value Estimation
      $400,000
      3,616 SF

      225 Rye St

      WAREHOUSE, STORAGE • 3,616 SF
      225 Rye St, Spring, TX 77380-2019
      View Details
    • Value Estimation
      $345,000
      1,296 SF

      3002 Sawdust Rd

      MINI-WAREHOUSE, STORAGE • 1,296 SF
      3002 Sawdust Rd, Spring, TX 77380-2604
      View Details

    Similar Nearby for Sale

    • $2,300,000
      8,640 SF

      Live/Work Location in The Woodlands

      Two-story office building and warehouse near The Woodlands.
      1231 Pruitt Rd, Spring, TX 77380
      View Details
    • $1,500,000
      4,224 SF

      Spring Warehouse For Sale

      4,224 SF warehouse available in Spring, Texas.
      1118 Sawdust Rd, Spring, TX 77380
      View Details
    • $249,000

      Waterfront Acreage in Timber Lake

      One-acre waterfront property suitable for development or investment.
      25615 Timber Lakes Dr, Spring, TX 77380
      View Details
    • Contact for pricing
      139,107 SF

      Class A Office Space

      Class A office space in The Woodlands town center.
      1330 Lake Robbins Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      50,380 SF

      The Woodlands Town Center Office

      Atrium-style office building in The Woodlands Town Center.
      2202 Timberloch Pl, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      6 SF

      6.74 Acres Land For Sale

      Land for sale in Spring, TX, near The Woodlands.
      510 Westridge Dr, Spring, TX 77380
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,830 SF

      Industrial Space Available For Lease

      2830 square feet of warehouse/industrial space for lease.
      2121 Golden Rd, Spring, TX 77380
      View Details
    • $12 SF/Yr
      94,487 SF

      The Woodlands Flex Space Available

      Modern Flex Space, Prime Location
      25275 Budde Rd, Spring, TX 77380
      View Details
    • $1.20 SF/Yr
      18,300 SF

      Flex Space Near Major Highways

      Flex space available near I-45, Hardy Toll Road, and Grand Parkway.
      1001-1087 Pruitt Rd, Spring, TX 77380
      View Details
    • $90 SF/Yr
      14,688 SF

      The Woodlands Executive Suites

      Prime Office Space in The Woodlands, TX
      21 Waterway Ave, Spring, TX 77380
      View Details
    • $16 SF/Yr
      6,851 SF

      Pines Crossing Executive Suites

      Modern Executive Offices in The Woodlands
      431 Nursery Rd, The Woodlands, TX 77380
      View Details
    • $93 SF/Yr
      16,249 SF

      The Woodlands Executive Suites

      Premium Office Space in Hughes Landing
      1790 Hughes Landing Blvd, The Woodlands, TX 77380
      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.
    1830 Millbend Dr
    Spring, TX 77380-1411
    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.