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    21621 Rhodes Rd Spring, TX 77388-3026
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    21621 Rhodes Rd Spring, TX 77388-3026

    View on Map
    • Warehouses
    • 21,822 SF
    • 1.44 lot acres
    Off-Market
    Property ID
    US82-9675314
    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
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sideline Spirit / Gym & Fitness Center
    • Sideline Spirit Cheer Company / Gym & Fitness Center
    • The MAT Center / Training Center / Sports School
    • Woodlands Aikido Center | Shinjinkan Dojo / Training Center / Sports School
    • Texas Oilwell Partners / Factory / Production Facility

    Property Details for 21621 Rhodes Rd

    Year built
    2013
    Construction
    METAL FRAME
    Lot size
    1.44 lot acres
    Property size
    21,822 SF
    Property type
    Warehouses
    APN
    1323760010009
    APU
    1323760010009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $762,000
      Market price range: $763k - $1.39M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,055,000
      Current use
      AUTO REPAIR, GARAGE
      $1,220,000
      Change: +16% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $995,000
      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
    -95.4983
    Latitude
    30.0778
    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
    $24,421
    $469,463
    $1,087,378
    $1,556,841
    -
    $469,463
    $1,087,378
    $1,556,841

    Comparable in this City

    • Value Estimation
      $660,000
      12,550 SF

      4155 Louetta Rd

      MINI-WAREHOUSE, STORAGE • 12,550 SF
      4155 Louetta Rd, Spring, TX 77388-4408
      View Details
    • Value Estimation
      $815,000
      7,450 SF

      19505 Wied Rd

      WAREHOUSE, STORAGE • 7,450 SF
      19505 Wied Rd, Spring, TX 77388-4587
      View Details
    • Value Estimation
      $855,000
      18,000 SF

      19525 Wied Rd

      WAREHOUSE, STORAGE • 18,000 SF
      19525 Wied Rd, Spring, TX 77388-4563
      View Details
    • Value Estimation by Request
      45,245 SF

      4155 Kreinhop Rd

      Distribution properties • 45,245 SF
      4155 Kreinhop Rd, Spring, TX 77388
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    • Value Estimation by Request
      2,460 SF

      18719 Mirror Lk Dr

      WAREHOUSE, STORAGE • 2,460 SF
      18719 Mirror Lk Dr, Spring, TX 77388-5853
      View Details
    • Value Estimation by Request
      10,935 SF

      1835 Old Holzwarth Rd

      WAREHOUSE, STORAGE • 10,935 SF
      1835 Old Holzwarth Rd, Spring, TX 77388-4802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,375 SF

      Industrial Property For Sale

      24,375 SF industrial property available for purchase.
      21287 Foster Rd, Spring, TX 77388
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    • $475,000
      4,925 SF

      Industrial Building in Spring/Klein Area

      4,925 SF industrial building with warehouse, office, and carport.
      19111 Applecrest Way, Spring, TX 77388
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      23,200 SF

      Industrial Warehouse with Spec Office

      23,200 SF warehouse featuring a 2,210 SF spec office.
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      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
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      4,925 SF

      Industrial Building with Office Space

      4,925 SF industrial building with warehouse, office, and carport.
      19111 Applecrest Way, Spring, TX 77388
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    • 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

    Similar Nearby for Lease

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      Office Warehouse Facility Near I-45

      Office warehouse facility with retail/showroom spaces, close to I-45.
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    • Contact for pricing

      Office/Warehouse Space in Spring, TX

      Office and warehouse space available in Spring, Texas.
      21627 Rhodes Rd, Spring, TX 77388
      View Details
    • Contact for pricing

      Spring Retail & Office/Warehouse Facility

      57,000 SF retail and office/warehouse facility for lease.
      3315 Spring Cypress Rd, Spring, TX 77388
      View Details
    • $1.35 SF/Yr

      Spring/Klein Flex Space Available

      Office/warehouse/flex space in a dynamic, well-connected location.
      21631 Rhodes Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      7,400 SF

      Warehouse with Outside Storage Available

      7,400 SF warehouse with office space and outside storage.
      192 Magic Oaks Dr, 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
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    21621 Rhodes Rd
    Spring, TX 77388-3026
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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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