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Property profile & analytics
OFF-MARKET
Investment properties

5615 Spg Cypress Rd Spring, TX 77379-3430

1,736 SF 1.47 ac lot Built 1970
Individually Owned 4-yr Hold
Property ID
US82-0973089
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mega Storage Sheds Construction Company General Contractor
  • Lokey Assets LLC Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sally B Paulson · 6 yrs held
Sally B Paulson
since 2020
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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