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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Warehouses
3325 Spg Cypress Rd 316 Spring, TX 77388-4644
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3897947
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
METAL FRAME
Total area
10,600 SF
Lot
4.5 ac (196,020 SF)
APN
1301350010001
UPID
US82-3897947
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Extra Space Storage Storage Facility
-
ExoServices LLC Landscaping General Contractor
-
Jcd Electric LLC Electrical Service General Contractor
-
Keljor Group, LLC Consultant
-
Capt. Patrick Wehrly Enrolled agent Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$615k
Owner & transaction history
Spring Cypress Storage Solutio · 7 yrs held
Spring Cypress Storage Solutio
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+98.8%
Medical building
$615,000
+20.5%
Auto repair, garage
$595,000
+15.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$510,000
Current use
RESTAURANT
$1,020,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$615,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$485,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,858
Tax year 2023
Assessed value
$6,813,044
Assessed 2024
Previous assessed
$6,813,044
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$588,060
Assessed improvement
$6,224,984
Land market value
$588,060
Improvement market value
$6,224,984
Total market value
$6,813,044
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
10
Total area
10,600 SF
Lot
4.5 ac (196,020 SF)
APN
1301350010001
UPID
US82-3897947
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$510,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$485,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Buildings
10
Lot
4.5 ac
Current owner
From public records · entity-resolved
Spring Cypress Storage Solutio
Individual
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
—
Spring Cypress Storage Solutio
—
Deed
related
$1,355,000 · Allegiance Bk
May 5, 2016
—
Spring Cypress Storage Solutio
—
Deed
related
$415,300 · Post Oak Bk
—
—
Spring Cypress Storage Solutio
—
Loan Modification
related
$1,355,000 · Allegiance Bk
—
—
Spring Cypress Storage Solutio
—
Deed Of Trust
related
$195,000 · Texas Community Bank & Trust
—
—
Spring Cypress Storage Solutio
—
Deed Of Trust
related
$1,015,000 · Spirit Of Texas Bank Ssb
—
—
Spring Cypress Storage Solutio
—
Deed Of Trust
related
$415,300 · Post Oak Bk
—
—
Spring Cypress Storage Solutio
—
Deed Of Trust
related
$212,000 · Spirit Of Texas Bank Ssb
—
—
Spring Cypress Storage Solutio
—
Deed Of Trust
related
$1,041,496 · Texas Community Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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