Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    21801 Northcrest Dr, Unit 396 Spring, TX 77388-4083
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21801 Northcrest Dr, Unit 396 Spring, TX 77388-4083

    View on Map
    • Garden apartment buildings
    • 24,240 SF
    • 19.29 lot acres
    Off-Market
    Property ID
    US82-9162096
    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
    $1,755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nursecare Homes / Nursing Home / Retirement Community
    • The Abbey at Spring Town Center / Apartment Complex / Apartment Building
    • Arceri Home Staging / Interior Design / Home Decor Store
    • The Ever Wound / (Bike/Boat/Book/etc) Store

    Property Details for 21801 Northcrest Dr

    Year built
    2014
    Construction
    FRAME
    Lot size
    19.29 lot acres
    Property size
    24,240 SF
    Property type
    Garden apartment buildings
    APN
    1352340010001
    APU
    1352340010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,721,000
      Market price range: $562k - $1.72M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,110,000
      Current use
      RESTAURANT
      $2,330,000
      Change: +110% Conversion: Difficult
      MEDICAL BUILDING
      $1,410,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,355,000
      Change: +23% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,170,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5181
    Latitude
    30.0837
    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
    2022
    $1,159,649
    $6,722,176
    $52,094,450
    $58,816,626
    -
    $6,722,176
    $52,094,450
    $58,816,626

    Comparable in this City

    • Value Estimation
      $540,000
      4,916 SF

      4545 Louetta Rd, Unit 144

      GARDEN APT, COURT APT (5+ UNITS) • 4,916 SF
      4545 Louetta Rd, Spring, TX 77388-4425
      View Details
    • Value Estimation
      $1,685,000
      24,294 SF

      4115 Louetta Rd, Unit 330

      GARDEN APT, COURT APT (5+ UNITS) • 24,294 SF
      4115 Louetta Rd, Spring, TX 77388-4870
      View Details
    • Value Estimation
      $2,285,000
      33,465 SF

      3223 Spg Cypress Rd, Unit 408

      GARDEN APT, COURT APT (5+ UNITS) • 33,465 SF
      3223 Spg Cypress Rd, Spring, TX 77388-4884
      View Details
    • Value Estimation
      $1,140,000
      49,234 SF

      20525 Ella Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 49,234 SF
      20525 Ella Blvd, Spring, TX 77388-3874
      View Details
    • Value Estimation
      $1,835,000
      27,884 SF

      3830 Fm 2920th Rd

      GARDEN APT, COURT APT (5+ UNITS) • 27,884 SF
      3830 Fm 2920th Rd, Spring, TX 77388-4123
      View Details
    • Value Estimation
      $2,335,000
      33,944 SF

      21000 Gosling Rd, Unit 330

      GARDEN APT, COURT APT (5+ UNITS) • 33,944 SF
      21000 Gosling Rd, Spring, TX 77388-5230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      20141 Interstate 45 N, Spring, TX 77388
      View Details
    • Contact for pricing

      Retail Space in Spring Area

      Retail spaces available in Target-anchored power center.
      19507 I-45, Spring, TX 77388
      View Details
    • Contact for pricing
      3,082 SF

      Retail Space in Spring, Texas

      Retail space available for lease in Spring, Texas.
      230-250 Cypresswood Dr, Spring, TX 77388
      View Details
    • Contact for pricing
      20,921 SF

      The Woodlands Office Space Available

      Medical and professional office space for lease in Spring, TX.
      2490 Fm 2920 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
    • $19 SF/Yr
      4,336 SF

      Retail Space Available For Rent

      Retail spaces available for lease in Spring, Texas.
      4700-4750 Fm 2920 Rd, Spring, TX 77388
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21801 Northcrest Dr, Unit 396
    Spring, TX 77388-4083
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!