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    Property profile & analytics

    2626 Spg Cypress Rd Spring, TX 77388-4629

    • Flex space
    • 14,204 SF
    • 9.86 lot acres
    OFF-MARKET
    Value Estimations
    $2,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7761640
    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

    • JaguarPC / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Prescriptive Data Solutions / Information Services
    • NETdepot - Managed IT Services Houston / Tech Support Center / IT Consulting Firm
    • TXNet / Telecommunications Service / Data Center
    • TRG Datacenters - Houston Data Center / Telecommunications Service / Data Center

    Property Details for 2626 Spg Cypress Rd

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    9.86 lot acres
    Property size
    14,204 SF
    Property type
    Flex space
    APN
    1373810010001
    APU
    1373810010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,030,000
      6.5%
      $1,875,000
      7%
      $1,740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4592
    Latitude
    30.0667
    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
    $112,368
    $1,483,347
    $4,744,182
    $6,227,529
    -
    $1,483,347
    $4,744,182
    $6,227,529

    Comparable in this City

    • Value Estimation
      $1,415,000
      10,500 SF

      3240 Spg Cypress Rd

      LIGHT INDUSTRIAL • 10,500 SF
      3240 Spg Cypress Rd, Spring, TX 77388-4641
      View Details
    • Value Estimation
      $1,835,000
      14,140 SF

      5051 Fm 2920th Rd

      LIGHT INDUSTRIAL • 14,140 SF
      5051 Fm 2920th Rd, Spring, TX 77388-3114
      View Details
    • Value Estimation
      $1,280,000
      9,650 SF

      20803 Sunshine Ln

      LIGHT INDUSTRIAL • 9,650 SF
      20803 Sunshine Ln, Spring, TX 77388-4838
      View Details
    • Value Estimation
      $6,445,000
      50,970 SF

      4111 Kreinhop Rd

      LIGHT INDUSTRIAL • 50,970 SF
      4111 Kreinhop Rd, Spring, TX 77388-4016
      View Details
    • Value Estimation
      $3,295,000
      25,410 SF

      19244 Ella Blvd

      LIGHT INDUSTRIAL • 25,410 SF
      19244 Ella Blvd, Spring, TX 77388-1450
      View Details
    • Value Estimation by Request
      40,812 SF

      136 Magic Oaks Dr

      Distribution properties • 40,812 SF
      136 Magic Oaks Dr, Spring, TX 77388
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings on Louetta Road

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
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    • $2,200,000
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      Rhodes Business Park: Prime TX Office Space

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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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    • $495,000
      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
      View Details
    • $175,000
      1,100 SF

      Luxury Spring Warehouse Condos

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      4115 Kreinhop Rd, Spring, TX 77388
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      384,000 SF

      Prime Spring, TX Industrial Space

      Flex, Warehouse, Distribution - 145,871 SF Available
      100 Cypresswood Dr, Spring, TX 77388
      View Details
    • $14 SF/Yr

      Adaptable Office Spaces For Rent

      Modern, customizable office spaces in a thriving North Houston market.
      4333-4334 Kreinhop Rd, Spring, TX 77388
      View Details
    • $8 SF/Yr
      57,000 SF

      Rebecca Village Business Park

      Spring, TX Flex Space Available
      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
    • $12 SF/Yr
      61,819 SF

      Spring Warehouse: 6 Units Available

      Versatile warehouse space near I-45.
      2530 Old Louetta Loop, Spring, TX 77388
      View Details
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    Spring, TX 77388-4629
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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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