Property profile

2111 Rayford Rd Spring, TX 77386

OFF-MARKET
Retail space
Property ID
US83-2459906
14,605 SF 1.73 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Imperial Oaks Shopping Center, located at 2111 Rayford Rd, Spring, TX 77386, presents a unique opportunity for retail businesses. This 4,657 square foot shopping center in Montgomery County is currently 100% vacant, offering a single, large space ideal for a variety of uses. The property is strategically positioned at the northeast corner of Rayford Road and Imperial Oaks Boulevard, providing excellent visibility and accessibility. Its prime location at the main entrance to the Imperial Oaks and Legend's Run subdivisions, with over 8,500 homesites, ensures a substantial potential customer base. The area boasts significant population growth, experiencing a 46% increase within a 3-mile radius since 2010, indicating a strong and expanding market. Further enhancing its appeal, Rayford Road has recently undergone improvements, now featuring six full lanes for increased traffic flow and accessibility. This retail space offers exceptional potential for businesses seeking to capitalize on the thriving commercial landscape of this high-growth area. The property is a single suite within a larger shopping center anchored by Kroger.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Total area 14,605 SF
Lot 1.73 ac (75,359 SF)
Zoning code 6
APN 6115-00-25700
UPID US83-2459906

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • (Bike/Boat/Book/etc) Store

Location

2111 Rayford Rd Spring, TX 77386-1712
Spring metro Census 691900 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$853k
Blend (final) Blend
$705k

Owner & transaction history

Zoning & alternative use

6 · Spring, TX
Top alternative use upside
Warehouse, storage $965,000 +45.4%
Auto repair, garage $935,000 +40.6%
Medical building $850,000 +27.9%

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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