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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Retail space
2111 Rayford Rd, Spring, TX 77386-1712
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-2459906
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Memorial Hermann Medical Group Imperial Oaks Medical Clinic
-
Gary Mueck MD Pediatrician Physician
-
Alakananda Mukherjee MD Pediatrician Physician
-
Megha Tewari MD Pediatrician Physician
-
Andy’s Dry Cleaners & Alterations (Bike/Boat/Book/etc) Store
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
RAYFORD LAND INVESTERS COMPANY
RAYFORD LAND INVESTERS COMPANY
Zoning & alternative use
6 · Spring, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$965,000
+45.4%
Auto repair, garage
$935,000
+40.6%
Medical building
$850,000
+27.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$665,000
Current use
WAREHOUSE, STORAGE
$965,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$39,843
Tax year 2024
Assessed value
$3,520,634
Assessed 2024
Previous assessed
$1,894,860
+85.8% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,055,023
Assessed improvement
$2,465,611
Land market value
$1,055,023
Improvement market value
$2,465,611
Total market value
$3,520,634
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Total area
14,605 SF
Lot
1.73 ac (75,359 SF)
Zoning code
6
APN
6115-00-25700
UPID
US83-2459906
Jurisdiction
MONTGOMERY
Zoning & alternative use
6 · Spring, TX
Zoning 6 · permitted uses
6 · Spring, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$935,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Lot
1.73 ac
Current owner
From public records · entity-resolved
RAYFORD LAND INVESTERS COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
5005 RIVERWAY DR STE #210, HOUSTON, TX 77056-2123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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