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    Property profile & analytics

    18512 Carrot St Spring, TX 77379-4956

    • Warehouses
    • 32,000 SF
    • 1.65 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4425611
    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

    • Mario Mecanic Shop / Auto Repair Shop
    • A-1 Wheel Straightening / Auto Repair Shop
    • Aspen Dental / Dentist
    • INTI AUTO CENTER LLC / Auto Repair Shop
    • Houston Auto Works / Auto Window Tinting Service / Mechanic

    Property Details for 18512 Carrot St

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Lot size
    1.65 lot acres
    Property size
    32,000 SF
    Property type
    Warehouses
    APN
    1163090000001
    APU
    1163090000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,217,000
      Market price range: $1.22M - $2.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.492
    Latitude
    30.0395
    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
    2023
    $23,338
    $215,535
    $791,290
    $1,006,825
    -
    $215,535
    $791,290
    $1,006,825

    Comparable in this City

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      6,805 SF

      9040 Louetta Rd

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    • Value Estimation
      $945,000
      31,800 SF

      7171 Louetta Rd

      WAREHOUSE, STORAGE • 31,800 SF
      7171 Louetta Rd, Spring, TX 77379-7444
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    • Value Estimation by Request
      7,050 SF

      18606 Cedar Edge Dr

      WAREHOUSE, STORAGE • 7,050 SF
      18606 Cedar Edge Dr, Spring, TX 77379-3171
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    • Value Estimation by Request
      8,070 SF

      Stuebner Airline Rd

      WAREHOUSE, STORAGE • 8,070 SF
      Stuebner Airline Rd, Spring, TX 77379
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    • Value Estimation
      $355,000
      1,800 SF

      6745 Fm 2920th Rd

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      6745 Fm 2920th Rd, Spring, TX 77379-2529
      View Details
    • Value Estimation
      $415,000
      6,480 SF

      17315 Stuebner Airline Rd

      WAREHOUSE, STORAGE • 6,480 SF
      17315 Stuebner Airline Rd, Spring, TX 77379-4628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,148 SF

      Flex Building with Office Space

      6,148 SF flex building with 1,200 SF office for sale.
      Stuebner Airline Rd, Spring, TX 77379
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    • $8,500,000
      23.13 Acres

      Prime Spring, TX Commercial Land

      23 Acres, High Visibility, Ready to Develop
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    • $750,000
      5.67 Acres

      Louetta Road Commercial Land

      5.67 Acres, High Traffic Area, $750,000
      6995 Louetta Rd, Spring, TX 77379
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    • Contact for pricing
      14.79 Acres

      Louetta Road Commercial Land Development

      14.79 Acres, Prime Spring, TX Location
      9611 Louetta Rd, Spring, TX 77379
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    • $3,000,000
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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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    Similar Nearby for Lease

    • $1.20 SF/Yr
      9,000 SF

      9,000 SF Warehouse Available

      9,000 SF warehouse with office space for lease.
      Five Forks Dr, Spring, TX 77379
      View Details
    • $9 SF/Yr
      4,223 SF

      Warehouse/Industrial Space on Louetta Road

      Warehouse/industrial/storage space with high ceiling and rollup bay door.
      5006 Louetta Rd, Spring, TX 77379
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    • Contact for pricing
      2,350 SF

      Spring Warehouse Space Available

      2,350 SF warehouse space for lease in Spring, TX.
      6425-6465 Fm 2920 Rd, Spring, TX 77379
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    • $14 SF/Yr
      9,000 SF

      Spring, TX Warehouse - 9,000 SF

      Single-tenant industrial warehouse in Spring, TX.
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    • $1.35 SF/Yr
      36,000 SF

      Spring Cypress Road Warehouse

      9,000 SF Warehouse Space Available
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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
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    18512 Carrot St
    Spring, TX 77379-4956
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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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