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    Property profile & analytics

    24803 Oakhurst Dr Spring, TX 77386-1996

    • Warehouses
    • 10,544 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2233530
    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

    • The Abundant Harvest Kitchen / Event Venue / Bistro
    • Abundant Harvest Food Pantry / Non-Profit Organization
    • St Isidore Episcopal Church / Cafe / Shared-Use Commercial Kitchen
    • Warrior Church Gym / Gym / Non-Profit Organization
    • Exquisite Harvest Cuisine / Caterer / Event Venue

    Property Details for 24803 Oakhurst Dr

    Year built
    1980
    Lot size
    0.59 lot acres
    Property size
    10,544 SF
    Zone code
    6
    Property type
    Warehouses
    APN
    8225-00-00410
    APU
    82250000410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $548,000
      Market price range: $367k - $972k

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.441
    Latitude
    30.1252
    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
    2024
    $0.00
    $308,400
    $531,023
    $839,423
    -
    $308,400
    $531,023
    $839,423

    Comparable in this City

    • Value Estimation by Request
      5,936 SF

      635 Rayford Rd

      Individual retail properties • 5,936 SF
      635 Rayford Rd, Spring, TX 77386
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    • Value Estimation
      $560,000
      16,000 SF

      3201 Riley Fuzzel Rd

      MINI-WAREHOUSE, STORAGE • 16,000 SF
      3201 Riley Fuzzel Rd, Spring, TX 77386-2811
      View Details
    • Value Estimation by Request

      1018 Rayford Rd

      Distribution properties
      1018 Rayford Rd, Spring, TX 77386
      View Details
    • Value Estimation by Request
      5,780 SF

      1603 Rayford Rd

      Distribution properties • 5,780 SF
      1603 Rayford Rd, Spring, TX 77386
      View Details
    • Value Estimation
      $565,000
      11,470 SF

      415 Spg Hl Dr

      WAREHOUSE, STORAGE • 11,470 SF
      415 Spg Hl Dr, Spring, TX 77386-6001
      View Details
    • Value Estimation
      $730,000
      25,584 SF

      1803 Riley Fuzzel Rd

      MINI-WAREHOUSE, STORAGE • 25,584 SF
      1803 Riley Fuzzel Rd, Spring, TX 77386
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,500 SF

      Richards Road Business Park: Prime TX Location

      Modern Office/Warehouse Space Available
      25533 Richards Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      60,000 SF

      Office/Flex Space Near Woodlands

      Office and flex suites available near major thoroughfares.
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    • Contact for pricing
      1.00 Acre

      Prime Spring, TX Corner Lot

      7.8-Acre Commercial Land, High Visibility
      1526 Rayford Rd, Spring, TX 77386
      View Details
    • $1,200,000
      5,030 SF

      Rayford Road Mixed-Use Property

      Spring, TX investment opportunity: 5,030 SF, 100% occupied.
      409 Rayford Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Spring, TX Land - 2 Acres

      Exceptional 2-acre lot near ExxonMobil. Ideal for commercial development.
      0 Rayford Rd/Foster Ln, Spring, TX 77386
      View Details
    • Contact for pricing
      5,334 SF

      Retail Property on Interstate 45

      5,334 SF retail property in Spring, Texas available for sale.
      26419 Interstate 45, Spring, TX 77386
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      77,300 SF

      Richards Road Business Park: Spring, TX

      Modern Office/Warehouse Space Available
      25533 Richards Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      5,936 SF

      Spring, TX Warehouse Space For Lease

      Three Suites Available, 1612-2524 SF
      635 Rayford Rd, Spring, TX 77386
      View Details
    • $1.31 SF/Yr
      1,700 SF

      Office/Warehouse Space Available

      Industrial center with office/warehouse space for lease.
      25003 Pitkin Rd, Spring, TX 77386
      View Details
    • $0.83 SF/Yr
      12,014 SF

      Sublease Warehouse Space Available

      12,014 SF warehouse space available for sublease.
      612 Spring Hill Dr, Spring, TX 77386
      View Details
    • Contact for pricing
      67,500 SF

      Class A Flex Development

      New flex development near I-45, Greater Woodlands area.
      25366 Richards Rd, Spring, TX 77386
      View Details
    • $16 SF/Yr
      60,000 SF

      Spring Hill Executive Park Offices

      Modern Flex & Executive Suites in The Woodlands
      322 Spg Hl Dr, The Woodlands, TX 77386
      View Details
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    24803 Oakhurst Dr
    Spring, TX 77386-1996
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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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