Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    29321 Plum Crk Dr Spring, TX 77386-2302

    • Retail space
    • 7,358 SF
    • 24.97 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2388751
    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

    • Lightning protectors / Electrician
    • Rayford Crossing RV Resort / Dog Park / Lodge
    • Explosive Media Marketing / Marketing Agency

    Property Details for 29321 Plum Crk Dr

    Year built
    2004
    Lot size
    24.97 lot acres
    Property size
    7,358 SF
    Property type
    Retail space
    APN
    0346-00-00214
    APU
    3460000214

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.415
    Latitude
    30.1107
    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
    $40,816
    $542,360
    $2,027,800
    $2,570,160
    -
    $542,360
    $2,027,800
    $2,570,160

    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
      View Details
    • Value Estimation
      $405,000
      9,770 SF

      26302 Interstate 45

      RETAIL STORES (PERSONAL SERVICES) • 9,770 SF
      26302 Interstate 45, Spring, TX 77386-1001
      View Details
    • Value Estimation
      $320,000
      8,470 SF

      26002 Interstate 45

      RETAIL STORES (PERSONAL SERVICES) • 8,470 SF
      26002 Interstate 45, Spring, TX 77386-1028
      View Details
    • Value Estimation
      $315,000
      3,045 SF

      26526 Interstate 45

      RETAIL STORES (PERSONAL SERVICES) • 3,045 SF
      26526 Interstate 45, Oak Ridge North, TX 77386-1018
      View Details
    • Value Estimation
      $580,000
      14,605 SF

      2111 Rayford Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,605 SF
      2111 Rayford Rd, Spring, TX 77386-1712
      View Details
    • Value Estimation
      $345,000
      7,050 SF

      415 Rayford Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,050 SF
      415 Rayford Rd, Spring, TX 77386-3549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Retail Space Near Grand Parkway

      Restaurant, entertainment, and retail space near Kroger-anchored marketplace.
      4495 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      10,500 SF

      Professional Office Space For Sale

      Professional office space co-located inside Woodforest National Bank's retail branch.
      327 Rayford Rd, 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
    • Contact for pricing

      The Grove at Benders Landing

      Prime Retail Land in Spring, TX
      3150 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • $1,750,000

      Land on Riley Fuzzel Road

      3.34 acres suitable for warehouse, office, or small business.
      1435 Riley Fuzzel Rd N, Spring, TX 77386
      View Details
    • $1,000,000

      Prime Commercial Lot in Spring

      Strategically located commercial lot in the heart of Spring, Texas.
      119 Heatherwood Dr, Spring, TX 77386
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,831 SF

      Retail Space Available For Lease

      Retail space available for lease in Spring, Texas.
      602 Rayford Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      2,700 SF

      Retail Site Near Kroger

      Retail space available near I-45 and SH 99.
      Rayford 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
    • Contact for pricing
      4,300 SF

      Freestanding Retail Building For Lease

      4,300 SF retail building on 1.17 acres in Spring, TX.
      3548 Rayford Rd, Spring, TX 77386
      View Details
    • $15 SF/Yr
      66,208 SF

      I-45 North Retail Space Available

      Spring, TX Retail Center - Multiple Units
      25192 I-45, Spring, TX 77386
      View Details
    • Contact for pricing
      23,250 SF

      Grand Parkway Retail Space

      Spring, TX retail opportunity. High-traffic location.
      3150 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29321 Plum Crk Dr
    Spring, TX 77386-2302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.