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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Warehouses
2200 Louetta Rd Spring, TX 77388-4705
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-4390308
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
BRICK
Total area
14,722 SF
Lot
4.49 ac (195,584 SF)
APN
610770000097
UPID
US82-4390308
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
-
R&D Pipe Company Factory Metal Fabrication Plant
-
Oil Country Media Marketing & Advertising Advertising Agency
-
CYCLE Houston: Changing Young Children's Lives Through Education Charitable Organization Social Service Agency
-
Elves & More Charitable Organization
-
Davis Brothers Construction Ltd. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$936k
Blend (final)
Blend
$780k
Owner & transaction history
Davis Brothers Construction Ltd · 3 yrs held
Davis Brothers Construction Ltd
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$855,000
+20.5%
Auto repair, garage
$825,000
+15.9%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$710,000
Current use
MEDICAL BUILDING
$855,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$675,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$53 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$49,906
Tax year 2023
Assessed value
$2,609,845
Assessed 2024
Previous assessed
$2,609,845
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,564,672
Assessed improvement
$1,045,173
Land market value
$1,564,672
Improvement market value
$1,045,173
Total market value
$2,609,845
Applied tax rate
17.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
14,722 SF
Lot
4.49 ac (195,584 SF)
APN
610770000097
UPID
US82-4390308
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$710,000
MEDICAL BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$675,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.49 ac
Current owner
From public records · entity-resolved
Davis Brothers Construction Ltd
Individual
Mailing address
2200 LOUETTA RD, SPRING, TX 77388-4705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
—
Davis Brothers Construction Ltd
—
Deed
related
$1,633,274 · Robert N Davis
Oct 27, 2021
—
Davis Brothers Investments Ltd
—
Deed
related
$836,726 · Robert N Davis
Apr 12, 2019
—
Davis Brothers Investments Ltd
—
Deed
related
$1,000,000 · Marek Interests
Dec 31, 2018
—
Davis Brothers Investments Ltd
—
Deed
related
$1,500,000 · First Fin'l Bk&tr
—
—
Davis Brothers Investments Ltd
—
Deed Of Trust
related
$1,500,000 · First Fin'l Bk&tr
—
—
Davis Brothers Investments Ltd
—
Deed Of Trust
related
$1,000,000 · Marek Interests
—
—
Davis Brothers Inv Ltd
—
Deed Of Trust
related
$526,239 · Southwest Bank Of Texas
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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