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    Property profile & analytics

    511 Alana Ln Spring, TX 77386

    • Commercial real estate
    • 2.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2446000
    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

    • Commercial real estate

    Property Details for 511 Alana Ln

    Lot size
    2.31 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional ±2.31-acre property, located at 511, 514 & 523 Alana Ln, Spring, TX 77386 (Montgomery County), presents a unique investment opportunity for developers and end-users. Situated near the intersection of I-45, The Grand Parkway, and Woodlands Parkway, this infill tract boasts unparalleled access to major thoroughfares. The property's strategic location places it in close proximity to the Woodlands Mall, the Exxon Campus in Spring, and a wealth of big-box retailers, businesses, and dining establishments. Currently zoned as Neighborhood Business District, the land offers diverse development potential, including general business, industrial, residential, and office uses. Existing improvements include a 4,000 square foot metal warehouse and two single-family homes. Utilities are readily available through the City of Oak Ridge North. The property's convenient location, versatile zoning, and existing structures make it an attractive proposition for a variety of uses. The parcel includes multiple APNs: 0350-80-02003; 7625-00-02500; 7625-00-02400; 7625-00-02300; 7625-00-02200. The property is served by the Conroe Independent School District. This is a rare opportunity to acquire a significant land holding in a high-growth area.

    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
    Montgomery
    State
    Texas
    Longitude
    -95.437793751209
    Latitude
    30.153946333203

    Comparable in this City

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    • $1,200,000
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      Office building and triplex near IH-45, fully tenant occupied.
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      Richards Road Business Park: Prime TX Location

      Modern Office/Warehouse Space Available
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      60,000 SF

      Office/Flex Space Near Woodlands

      Office and flex suites available near major thoroughfares.
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      1.00 Acre

      Prime Spring, TX Corner Lot

      7.8-Acre Commercial Land, High Visibility
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      2.00 Acres

      Prime Spring, TX Land - 2 Acres

      Exceptional 2-acre lot near ExxonMobil. Ideal for commercial development.
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    Similar Nearby for Sale

    • $1,200,000
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      Office and Multifamily Investment Opportunity

      Office building and triplex near IH-45, fully tenant occupied.
      409 Rayford Rd, Spring, TX 77386
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    • $1,200,000
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      Rayford Road Mixed-Use Property

      Spring, TX investment opportunity: 5,030 SF, 100% occupied.
      409 Rayford Rd, Spring, TX 77386
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    • Contact for pricing
      39,500 SF

      Richards Road Business Park: Prime TX Location

      Modern Office/Warehouse Space Available
      25533 Richards Rd, Spring, TX 77386
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      60,000 SF

      Office/Flex Space Near Woodlands

      Office and flex suites available near major thoroughfares.
      500 Spring Hills Dr, Spring, TX 77386
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    • $470,000

      Residential Lot in Benders Landing

      Residential lot in Benders Landing Estates with many amenities.
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    • $1,225,000

      Land with Frontage on Hanna

      Commercial land available in Spring, Texas, near major roads.
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    Similar Nearby for Lease

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      43,560 SF

      Woodlands Prime Commercial Land

      1-Acre Commercial Land for Lease in Spring, TX
      500 Rayford Rd, Spring, TX 77386
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      67,500 SF

      Class A Flex Development

      New flex development near I-45, Greater Woodlands area.
      25366 Richards Rd, Spring, TX 77386
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    • $11 SF/Yr
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      Richards Road Business Park: Spring, TX

      Modern Office/Warehouse Space Available
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    • $16 SF/Yr
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      Spring Hill Executive Park Offices

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      Spring, TX Warehouse Space For Lease

      Three Suites Available, 1612-2524 SF
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    • $0.83 SF/Yr
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      Sublease Warehouse Space Available

      12,014 SF warehouse space available for sublease.
      612 Spring Hill Dr, Spring, TX 77386
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    511 Alana Ln
    Spring, TX 77386
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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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