Property profile

5615 Spg Cypress Rd Spring, TX 77379

OFF-MARKET
Investment properties
Property ID
US82-0973089
1,736 SF 1.47 ac lot Built 1970
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 1-acre self-storage facility in Spring, Texas, presents a lucrative investment opportunity. Located at 5615 Spring Cypress Rd. A, 77379, this property boasts 185 feet of prime road frontage, ensuring high visibility and accessibility. The facility comprises 46 units offering covered storage for boats, campers, and trailers, catering to a diverse clientele. Currently operating with monthly rental rates significantly below market value, this presents a substantial opportunity to increase profitability. The property's size and location in Harris County, Texas, make it an ideal investment for an experienced operator seeking to expand their portfolio or a first-time buyer looking for a turnkey business. The existing infrastructure is well-maintained and ready for immediate operation, minimizing upfront capital expenditures. The high demand for storage solutions in this area, coupled with the current below-market rental rates, positions this property for significant revenue growth. The asking price is $399,000. This is a rare chance to acquire a well-established, profitable storage business with considerable upside potential.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1970
Construction BRICK
Total area 1,736 SF
Lot 1.47 ac (64,107 SF)
APN 461530000030
UPID US82-0973089

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
  • Construction Company General Contractor
  • Storage Facility

Location

5615 Spg Cypress Rd Spring, TX 77379-3430
Spring metro Census 553801 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2020
2 recorded transactions
1969
Price N/A
1969
Price N/A

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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