Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    431 Nursery Rd Spring, TX 77380

    • Office properties & Spaces
    • 6,851 SF
    For Sale
    View listing
    $16
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2278143
    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

    • Office properties & Spaces

    Property Details for 431 Nursery Rd

    Year built
    2009
    Property size
    6,851 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional office building, constructed in 2009, offers 6,851 square feet of prime executive office space in Harris County. Currently, 3,064 square feet are available, divisible into units ranging from 454 to 1,316 contiguous square feet. The building is strategically located in a rapidly growing area, just a quarter-mile west of Interstate 45, one mile from the Hardy Toll Road, and within two miles of the Grand Parkway. This prime location provides easy access to The Woodlands Town Center, the ExxonMobil campus, and a wealth of amenities including restaurants, hotels, and shopping. Each suite boasts a private entrance, private restroom, kitchenette, and an individual HVAC system, ensuring comfort and privacy for tenants. The building sits within The Woodlands, a thriving 28,000-acre master-planned community with a population exceeding 100,670, consistently ranking among the nation's top-selling master-planned communities. This presents a unique opportunity for businesses seeking a prestigious and convenient location in a high-growth area. Multiple tenancy options are available.

    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
    The Woodlands
    County
    Harris
    State
    Texas
    Longitude
    -95.4505
    Latitude
    30.1402

    Comparable in this City

    • Value Estimation by Request

      1725 Hughes Landing Blvd

      Office Units
      1725 Hughes Landing Blvd, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request

      7 Grogans Park Dr

      Office Units
      7 Grogans Park Dr, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      2,250 SF

      25511 Budde Rd Building

      Medical Office Space • 2,250 SF
      25511 Budde Rd Building, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      1,225 SF

      25329 Budde Rd

      Medical Office Space • 1,225 SF
      25329 Budde Rd, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      45,515 SF

      314 Sawdust Rd

      Restaurants • 45,515 SF
      314 Sawdust Rd, Spring, TX 77380
      View Details
    • Value Estimation by Request
      46,246 SF

      314 Sawdust Rd

      Office Units • 46,246 SF
      314 Sawdust Rd, Spring, TX 77380
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office/Medical Build-to-Suit Opportunity

      Proposed office or medical space for lease in Woodlands submarket.
      25919 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing

      Spring Office Space For Sale

      Office space in growing area near major roadways.
      431 Nursery Rd, Spring, TX 77380
      View Details
    • Contact for pricing

      The Woodlands Town Center Office

      Office space in The Woodlands Town Center, scenic views.
      2203 Timberloch Pl, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      2,250 SF

      Brownstone Office Condominiums For Sale

      Two finished office suites in a secure, gated professional complex.
      25511 Budde Rd, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      1,200 SF

      Modern Office Condo in Woodlands

      Office condo in The Woodlands, near ExxonMobil Campus.
      25329 Budde Rd, Spring, TX 77380
      View Details
    • Contact for pricing

      The Woodlands Town Center Office

      Atrium-style office building in The Woodlands Town Center.
      2201 Timberloch Pl, The Woodlands, TX 77380
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      The Woodlands Atrium Office Space

      First floor office space in The Woodlands, short-term sublease.
      719 Sawdust Rd, The Woodlands, TX 77380
      View Details
    • Contact for pricing

      Class A Office Sublease Woodlands

      22,359 SF Class A office space available for sublease.
      1201 Lake Woodlands Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      1,828 SF

      Renovated Office Space in Woodlands

      Recently renovated office space in The Woodlands, with natural surroundings.
      10200 Grogans Mill Rd, The Woodlands, TX 77380
      View Details
    • $26 SF/Yr
      2,735 SF

      Class A Office Space

      Class A office space in The Woodlands Town Center.
      1330 Lake Robbins Dr, Spring, TX 77380
      View Details
    • $25 SF/Yr
      1,800 SF

      High-Visibility Retail/Office Space Available

      Prime location near I-45 in Spring/The Woodlands area.
      26333 Interstate 45 N, Spring, TX 77380
      View Details
    • $16 SF/Yr

      Office Space Available For Rent

      Office space available for lease, featuring 1,584 square feet.
      25511 Budde Rd, The Woodlands, TX 77380
      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.
    431 Nursery Rd
    Spring, TX 77380
    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.
    Sign Up Successful!
    You now have access to more from Realmo!