Technical
Financial
Distress signals
Property profile

4690 Louetta Rd Spring, TX 77388

OFF-MARKET
Strip malls
Property ID
US82-3988566
24,389 SF 5.8 ac lot Built 1995
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Corum Station Shopping Center presents a unique investment opportunity in the thriving Spring-Klein submarket of Texas. This Class B property boasts a total of 141,899 square feet across four single-story buildings situated on a substantial 17.5-acre lot (762,300 square feet). The center features a diverse mix of retail, office, and restaurant spaces, with multiple tenancy options available. Currently, there are 28 suites in total, with 69,483 square feet of vacant space ready for immediate occupancy. Units range from a minimum of 845 square feet to a maximum contiguous space of 26,152 square feet, providing flexibility for a variety of businesses. The property enjoys high visibility with 1412 feet of frontage along Louetta Road and a convenient cross street at Kuykendahl. Its strategic location within the Spring-Klein trade area offers excellent access to a large customer base. The property includes anchor spaces, pad sites, and smaller tenant spaces, catering to a wide range of business needs. The zoning is currently unlisted (NA). This is an exceptional opportunity to acquire a well-positioned retail and office center with significant upside potential in a rapidly growing area. The property's size and layout offer considerable flexibility for redevelopment or expansion. Contact us today to learn more about this exceptional investment opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction STEEL FRAME
Total area 24,389 SF
Lot 5.8 ac (252,539 SF)
APN 1163940000007
UPID US82-3988566

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store Department Store
  • Business Service Center Corporate Office
  • Home Help
  • Department Store

Location

4690 Louetta Rd Spring, TX 77388-4417
Spring metro Census 553403 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$765k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
1999
Price N/A
1998
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.2M +40.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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