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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2810 Louetta Rd Spring, TX 77388-4648

    • Strip malls
    • 17,175 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2875952
    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

    • Liberty Express Spring / Courier Service / Postal Service
    • Jacobs Insulation / General Contractor / Renovation Specialist
    • Northrock Technical Services / Department Store
    • American Computer Concepts / Computer & Electronic Repair
    • True Beauty Brazilian Wax & Spa / Hair Salon / Nail Salon

    Property Details for 2810 Louetta Rd

    Year built
    1997
    Construction
    METAL FRAME
    Lot size
    1.01 lot acres
    Property size
    17,175 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1190510010001
    APU
    1190510010001

    Description

    Karen Plaza, located at 2810 Louetta Road, Spring, TX 77388, presents a unique opportunity for businesses seeking versatile space in a high-traffic area. This single-tenant property, totaling 15,975 square feet, offers a blend of retail and industrial space, ideal for businesses needing both showroom and warehouse capabilities. The building, constructed in 1997, features 2,450 square feet of currently vacant space, with a total of 44 parking spaces. The property's strategic location on Louetta Road, near Cypresswood and Ella, within the Spring/Klein submarket of North Houston, ensures high visibility and accessibility. The property benefits from its proximity to major roadways including I-45, SH-99, and the Hardy Toll Road, providing easy access for customers and employees. Leases are gross modified, with no NNN expenses, and the developer offers customized floor plans to meet specific business needs. A special offer is available for Suite 8 (warehouse space only) at $1.10 per square foot per month, including electricity. The property is classified as Class C and features a single-story building with no dock-high doors. Three-year lease terms are preferred. This property is perfect for businesses seeking a strong presence in a thriving community with a high volume of daily traffic. The unique layout allows for flexible use, whether primarily retail, industrial, or a combination of both.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.4577
    Latitude
    30.0562
    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
    $26,725
    $264,234
    $1,284,185
    $1,548,419
    -
    $264,234
    $1,284,185
    $1,548,419

    Comparable in this City

    • Value Estimation
      $670,000
      17,499 SF

      171 Cypresswood Dr

      SHOPPING CENTER, STRIP CENTER • 17,499 SF
      171 Cypresswood Dr, Spring, TX 77388
      View Details
    • Value Estimation
      $845,000
      45,284 SF

      19503 Interstate 45

      SHOPPING CENTER, STRIP CENTER • 45,284 SF
      19503 Interstate 45, Spring, TX 77388-6015
      View Details
    • Value Estimation
      $1,005,000
      38,840 SF

      19507 Interstate 45

      SHOPPING CENTER, STRIP CENTER • 38,840 SF
      19507 Interstate 45, Spring, TX 77388-6066
      View Details
    • Value Estimation
      $690,000
      16,666 SF

      5250 Fm 2920th Rd

      SHOPPING CENTER, STRIP CENTER • 16,666 SF
      5250 Fm 2920th Rd, Spring, TX 77388-3001
      View Details
    • Value Estimation
      $780,000
      22,018 SF

      5211 Fm 2920th Rd

      SHOPPING CENTER, STRIP CENTER • 22,018 SF
      5211 Fm 2920th Rd, Spring, TX 77388-3004
      View Details
    • Value Estimation
      $560,000
      15,800 SF

      2616 Fm 2920th Rd

      SHOPPING CENTER, STRIP CENTER • 15,800 SF
      2616 Fm 2920th Rd, Spring, TX 77388-3589
      View Details

    Similar Nearby for Sale

    • $1,700,000
      4,108 SF

      Turn-Key Mechanic Shop For Sale

      Mechanic shop on fenced lot near major roads.
      21123 Rhodes Rd, Spring, TX 77388
      View Details
    • $175,000
      1,100 SF

      Luxury Spring Warehouse Condos

      24 Units, Climate-Controlled Storage
      4115 Kreinhop Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      14,725 SF

      Office/Warehouse Buildings on Louetta Road

      Two buildings totaling 14,725 SF on +/- 1.95 acres.
      2211 Louetta Rd, Spring, TX 77388
      View Details
    • $2,516,025
      7.22 Acres

      Cypress Oaks: Retail & Industrial

      Prime Spring, TX Commercial Land
      0 Nwc Of Cypress Oaks Dr & Randal Way, Spring, TX 77388
      View Details
    • $4,410,450
      6.75 Acres

      North Freeway Commercial Land

      6.75 Acres, High Visibility, $4.4M
      I-45 & Cypress Oaks Dr, Spring, TX 77388
      View Details
    • $4,350,000
      7,500 SF

      Sun Auto NNN Lease Opportunity

      20-year absolute NNN lease with corporate guarantee.
      5445 Farm To Market 2920, Spring, TX 77388
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      7,500 SF

      Retail Space on Louetta Road

      Retail space for lease in high-traffic Spring, Texas location.
      3301 Louetta Rd, Spring, TX 77388
      View Details
    • Contact for pricing
      6,640 SF

      Cypresswood Court Retail Spaces

      Spring, TX Shopping Center: 3 Suites Available
      19507 I-45, Spring, TX 77388
      View Details
    • Contact for pricing
      17,900 SF

      Retail Center Near Exxon Campus

      Retail spaces for lease in a high-growth Houston trade area.
      2040 Louetta Rd, 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
      4,690 SF

      Retail Space in Spring, Texas

      Retail space available for lease in Spring, Texas.
      2040 Louetta 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
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    Spring, TX 77388-4648
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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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