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    21287 Foster Rd Spring, TX 77388
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    Property profile & analytics

    21287 Foster Rd Spring, TX 77388

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    • Warehouses
    • 10,690 SF
    • 1.00 lot acres
    For Lease
    $555,000
    View Listing →
    Spring, TX Industrial Building For Lease
    $555,000
    24,375 SF

    Spring, TX Industrial Building

    Industrial building for sale or lease in Spring, TX.

    21287 Foster Road, Spring, TX 77388
    View Listing
    Property ID
    US82-4312811
    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.
    Value Estimations
    $555,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • US Pallet Racks / Material Handling Equipment Supplier

    Property Details for 21287 Foster Rd

    Year built
    1977
    Construction
    METAL FRAME
    Lot size
    1.00 lot acres
    Property size
    10,690 SF
    Property type
    Warehouses
    APN
    610770000044
    APU
    610770000044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $611,000
      Market price range: $374k - $680k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $515,000
      Current use
      MEDICAL BUILDING
      $620,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $600,000
      Change: +16% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $490,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4553
    Latitude
    30.0684
    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
    $27,873
    $217,800
    $1,318,101
    $1,535,901
    -
    $217,800
    $1,318,101
    $1,535,901

    Comparable in this City

    • Value Estimation
      $960,000
      24,000 SF

      2100 Louetta Rd

      WAREHOUSE, STORAGE • 24,000 SF
      2100 Louetta Rd, Spring, TX 77388-4703
      View Details
    • Value Estimation
      $1,040,000
      13,090 SF

      4620 Fm 2920th Rd

      WAREHOUSE, STORAGE • 13,090 SF
      4620 Fm 2920th Rd, Spring, TX 77388-3118
      View Details
    • Value Estimation
      $580,000
      13,075 SF

      21240 Foster Rd

      WAREHOUSE, STORAGE • 13,075 SF
      21240 Foster Rd, Spring, TX 77388-4248
      View Details
    • Value Estimation by Request
      3,000 SF

      4535 Spg Cypress Rd

      WAREHOUSE, STORAGE • 3,000 SF
      4535 Spg Cypress Rd, Spring, TX 77388-4470
      View Details
    • Value Estimation by Request
      8,500 SF

      19419 Fwy

      Flex space • 8,500 SF
      19419 Fwy, Spring, TX 77388
      View Details
    • Value Estimation by Request
      6,620 SF

      2606 Spg Cypress Rd

      WAREHOUSE, STORAGE • 6,620 SF
      2606 Spg Cypress Rd, Spring, TX 77388-4629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,925 SF

      Industrial Building with Office Space

      4,925 SF industrial building with warehouse, office, and carport.
      19111 Applecrest Way, Spring, TX 77388
      View Details
    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings on Louetta Road

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
      2211 Louetta Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings For Sale

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
      2211 Louetta Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      24,375 SF

      Industrial Property For Sale

      24,375 SF industrial property available for purchase.
      21287 Foster Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      17,600 SF

      Industrial Property with Direct I-45 Access

      Two-building industrial property with office space and abundant parking.
      136-190 Magic Oaks Dr, Spring, TX 77388
      View Details
    • Contact for pricing
      23,200 SF

      Industrial Warehouse with Spec Office

      23,200 SF warehouse featuring a 2,210 SF spec office.
      1800 Meadow Edge Ln, Spring, TX 77388
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Warehouse Facility Near I-45

      Office warehouse facility with retail/showroom spaces, close to I-45.
      2530 Old Louetta Loop, Spring, TX 77388
      View Details
    • Contact for pricing

      Versatile Spaces in Former Mall

      Variety of spaces suitable for industrial, retail, and more.
      100 Cypresswood Dr, Spring, TX 77388
      View Details
    • $14 SF/Yr

      Adaptable Office Spaces For Rent

      Modern, customizable office spaces in a thriving North Houston market.
      4333-4334 Kreinhop Rd, Spring, TX 77388
      View Details
    • Contact for pricing

      Spring, TX Industrial Building

      Industrial building for sale or lease in Spring, TX.
      21287 Foster Rd, Spring, TX 77388
      View Details
    • Contact for pricing

      Customizable Flex Space Available

      Multifaceted office-warehouse/flex space in Spring, Texas.
      21631 Rhodes Rd, Spring, TX 77388
      View Details
    • $0.15 SF/Yr

      Versatile Retail and Warehouse Space

      Retail and warehouse suites with customized floor plans available.
      2810 Louetta Rd, Spring, TX 77388
      View Details
    View Listing
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    Spring, TX 77388
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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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