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    Property profile & analytics

    4413 Spg Cypress Rd Spring, TX 77388-6604

    • Warehouses
    • 11,268 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2716524
    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

    • Island Mist Spas & Pools / Hot Tub Store

    Property Details for 4413 Spg Cypress Rd

    Year built
    1968
    Construction
    METAL FRAME
    Lot size
    3.00 lot acres
    Property size
    11,268 SF
    Property type
    Warehouses
    APN
    430740000024
    APU
    430740000024

    Description

    This exceptional 5-acre commercial property, located at 4413-4419 Spring Cypress Rd, Spring, TX 77388, in Harris County, presents a lucrative investment opportunity. Currently generating $84,000 in annual gross rental income ($7,000 per month), this flat, unrestricted land offers significant potential for various developments. Its prime location boasts +/- 442 feet of frontage on a 5-lane road, providing high visibility and easy access to Grand Parkway and Interstate 45. The site is ideal for retail, industrial, commercial, warehouse, self-storage, or multi-family projects. With no restrictions on growth and a strong demographic profile – a combined 247,498 residents within a 5-mile radius, exhibiting above-average household incomes – this property represents a compelling investment for developers and businesses alike. The asking price is $2,500,000, translating to a land value of $10.99 per square foot. This is a covered land play with significant upside potential. The property's strategic location and current income stream make it an attractive asset for long-term growth and profitability. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving Texas market.

    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
    -95.4862
    Latitude
    30.0532
    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
    2020
    $19,895
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $390,000
      8,100 SF

      5425 Fm 2920th Rd

      WAREHOUSE, STORAGE • 8,100 SF
      5425 Fm 2920th Rd, Spring, TX 77388-3008
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    • Value Estimation
      $835,000
      32,130 SF

      5032 Fm 2920th Rd

      MINI-WAREHOUSE, STORAGE • 32,130 SF
      5032 Fm 2920th Rd, Spring, TX 77388
      View Details
    • Value Estimation
      $645,000
      10,979 SF

      3315 Spg Cypress Rd

      WAREHOUSE, STORAGE • 10,979 SF
      3315 Spg Cypress Rd, Spring, TX 77388-4651
      View Details
    • Value Estimation
      $500,000
      16,200 SF

      19100 Northpine Dr

      WAREHOUSE, STORAGE • 16,200 SF
      19100 Northpine Dr, Spring, TX 77388-4439
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    • 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
      23,200 SF

      Industrial Warehouse with Spec Office

      23,200 SF warehouse featuring a 2,210 SF spec office.
      1800 Meadow Edge Ln, 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.
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      17,600 SF

      Industrial Property with Direct I-45 Access

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      14,725 SF

      Louetta Road Office/Warehouse

      14,725 SF Office & Warehouse Space
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      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
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    • $2,200,000
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      Rhodes Business Park: Prime TX Office Space

      Executive Suites & Flex Space For Sale
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    Similar Nearby for Lease

    • $12 SF/Yr
      61,819 SF

      Spring Warehouse: 6 Units Available

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    • $10 SF/Yr
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      Prime Spring, TX Industrial Space

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      Industrial building for sale or lease in Spring, TX.
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    • $0.69 SF/Yr
      7,400 SF

      Warehouse with Outside Storage Available

      7,400 SF warehouse with office space and outside storage.
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    • $8 SF/Yr
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      Rebecca Village Business Park

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    • Contact for pricing
      55,354 SF

      Spring Medical Plaza: Class A Office Space

      Modern Medical Office Suites Available in Spring, TX
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    Spring, TX 77388-6604
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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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