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    Property profile & analytics

    23318 Cypresswood Dr Spring, TX 77373-9406

    • Specialty properties
    • 2,450 SF
    • 2.81 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4462030
    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.

    Current Use by Public Records

    • Post Wood Association / Community Center

    Property Details for 23318 Cypresswood Dr

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    2.81 lot acres
    Property size
    2,450 SF
    Property type
    Specialty properties
    APN
    1082170000002
    APU
    1082170000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $454,000
      Market price range: $194k - $454k

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.3486
    Latitude
    30.0497
    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
    $1.00
    $367,812
    $50
    $367,862
    -
    $367,812
    $50
    $367,862

    Comparable in this City

    • Value Estimation by Request
      7.30 Acres

      Nwc Cypresswood Dr @ Bradbury Frst

      Specialty properties • 319,381 SF
      0 Nwc Cypresswood Dr @ Bradbury Frst, Spring, TX 77373
      View Details
    • Value Estimation
      $320,000
      2,469 SF

      23803 Birnam Wood Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,469 SF
      23803 Birnam Wood Blvd, Spring, TX 77373-6786
      View Details
    • Value Estimation
      $265,000
      1,786 SF

      2820 Wood Riv Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,786 SF
      2820 Wood Riv Dr, Spring, TX 77373-6554
      View Details
    • Value Estimation
      $365,000
      5,314 SF

      Forestbrook Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,314 SF
      Forestbrook Dr, Spring, TX 77373
      View Details
    • Value Estimation by Request
      900 SF

      Nn Spg Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 900 SF
      Nn Spg Dr, Spring, TX 77373
      View Details
    • Value Estimation by Request
      2.45 Acres

      Spring, TX 77373

      CHARITABLE ORGANIZATION • 2.45 Acres
      Spring, TX 77373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.30 Acres

      Nwc Cypresswood Dr @ Bradbury Frst

      Specialty properties • 319,381 SF
      0 Nwc Cypresswood Dr @ Bradbury Frst, Spring, TX 77373
      View Details
    • Contact for pricing
      9.00 Acres

      9 Acres Spring, TX Industrial Land

      Prime 9-acre industrial/religious site. High traffic, great access.
      26810 Aldine Westfield Rd, Spring, TX 77373
      View Details
    • Contact for pricing
      8,000 SF

      Spring, TX Office Park Investment

      Modern Office Space, Harris County
      26515 Border St, Spring, TX 77373
      View Details
    • Contact for pricing
      4.28 Acres

      Prime Spring, TX Commercial Land

      4.3 Acres, High Traffic Area, Development Ready
      0 Cypresswood @ Old Cypresswood, Spring, TX 77373
      View Details
    • $1,138,005

      Land Near Old Town Spring

      2.75 acres near Hardy Toll Road and Interstate 45.
      26623 Aldine Westfield Rd, Spring, TX 77373
      View Details
    • $1,250,000

      Prime Corner Lot in Spring

      Unrestricted 3.55-acre corner lot with high visibility and accessibility.
      Spring Cypress Rd, Spring, TX 77373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,142 SF

      Retail Space Available For Lease

      Retail property available for lease in Spring, Texas.
      19746-19750 Fwy North, Spring, TX 77373
      View Details
    • $14 SF/Yr
      14,000 SF

      Spring Warehouse Space Available

      14,000 SF warehouse space for lease in Spring, TX.
      27347 W Hardy Rd, Spring, TX 77373
      View Details
    • $27 SF/Yr
      9,120 SF

      Aldine Square Retail Spaces

      Spring, TX: Retail & Office Suites Available
      23816 Aldine Westfield Rd, Spring, TX 77373
      View Details
    • $22 SF/Yr
      9,125 SF

      Office Space Near Hardy Toll

      9,125 SF office space for lease near City Place.
      819 Crossbridge Dr, Spring, TX 77373
      View Details
    • $28 SF/Yr
      6,969 SF

      Spring Office Space For Rent

      Office space available for lease in Spring, Texas.
      28420 Hardy Toll Rd, Spring, TX 77373
      View Details
    • $15 SF/Yr
      1,134 SF

      Industrial Space Available For Rent

      Industrial property with 1,134 square feet available for rent.
      322 Spring Hill Pl, Spring, TX 77373
      View Details
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    23318 Cypresswood Dr
    Spring, TX 77373-9406
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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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