Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5702 Spg Cypress Rd Spring, TX 77379-3427
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5702 Spg Cypress Rd Spring, TX 77379-3427

    View on Map
    • Warehouses
    • 10,500 SF
    • 2.27 lot acres
    Off-Market
    Property ID
    US82-4504563
    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.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Precision Powersports / Car Dealership / Motorcycle Shop

    Property Details for 5702 Spg Cypress Rd

    Year built
    2022
    Construction
    STEEL FRAME
    Lot size
    2.27 lot acres
    Property size
    10,500 SF
    Property type
    Warehouses
    APN
    1500340010001
    APU
    1500340010001

    Description

    This exceptional 9,000 square foot warehouse space is part of a larger 36,000 square foot industrial building located at 5702 Spring Cypress Road in Spring, Texas, within Harris County. The property boasts a desirable location with convenient access to major transportation routes (specific details not provided). The warehouse features a substantial 22-foot ceiling height, providing ample vertical storage capacity. The space is currently vacant and ready for immediate occupancy. This is a multi-tenant building, offering a collaborative environment. The property is equipped with 3-phase power, essential for many industrial operations. The available space totals 9,000 square feet, representing a significant opportunity for businesses seeking efficient and well-appointed warehouse facilities in a thriving Texas market. The property's industrial classification and warehouse subtype make it ideal for a variety of uses, from storage and distribution to light manufacturing. The address is 5702 Spring Cypress Rd, Spring, TX 77379. This listing presents a rare chance to secure a prime warehouse space in a highly sought-after location. Interested parties are encouraged to inquire promptly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $831,000
      Market price range: $400k - $956k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $690,000
      Current use
      MEDICAL BUILDING
      $745,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $690,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5095
    Latitude
    30.0453
    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
    2023
    $11,714
    $445,379
    $1,213,138
    $1,658,517
    -
    $445,379
    $1,213,138
    $1,658,517

    Comparable in this City

    • Value Estimation
      $3,170,000
      36,000 SF

      9620 Louetta Rd

      MINI-WAREHOUSE, STORAGE • 36,000 SF
      9620 Louetta Rd, Spring, TX 77379-6527
      View Details
    • Value Estimation
      $2,165,000
      22,750 SF

      18901 Kuykendahl Rd, Unit 122

      MINI-WAREHOUSE, STORAGE • 22,750 SF
      18901 Kuykendahl Rd, Spring, TX 77379-5496
      View Details
    • Value Estimation by Request
      3,750 SF

      9337 Spg Cypress Rd

      MINI-WAREHOUSE, STORAGE • 3,750 SF
      9337 Spg Cypress Rd, Spring, TX 77379-3484
      View Details
    • Value Estimation
      $560,000
      12,638 SF

      8170 Spg Cypress Rd

      WAREHOUSE, STORAGE • 12,638 SF
      8170 Spg Cypress Rd, Spring, TX 77379-3123
      View Details
    • Value Estimation by Request
      4,000 SF

      17323 Stuebner Airline Rd

      WAREHOUSE, STORAGE • 4,000 SF
      17323 Stuebner Airline Rd, Spring, TX 77379-4628
      View Details
    • Value Estimation by Request
      3,500 SF

      17134 Stuebner Airline Rd

      WAREHOUSE, STORAGE • 3,500 SF
      17134 Stuebner Airline Rd, Spring, TX 77379-6258
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flex Building with Office Space

      6,148 SF flex building with 1,200 SF office for sale.
      Stuebner Airline Rd, Spring, TX 77379
      View Details
    • Contact for pricing

      9,000 SF Warehouse For Sale

      9,000 SF warehouse with office space and grade-level doors.
      7315 Five Forks Dr, Spring, TX 77379
      View Details
    • Contact for pricing
      53,826 SF

      Redevelopment Opportunity on Spring Cypress

      53,826 SF building on 3.82 acres for redevelopment.
      7602 Spring Cypress Rd, Spring, TX 77379
      View Details
    • $3,000,000
      5,760 SF

      Prime Spring, TX Restaurant Space

      5,760 SF restaurant, ideal owner-user opportunity.
      6062 FM 2920, Spring, TX 77379
      View Details
    • Contact for pricing

      Development Land on Louetta Road

      14.79 acres with frontage on Louetta Road.
      9611 Louetta Rd, Spring, TX 77379
      View Details
    • $3,895,000

      Unrestricted Land in Klein, Texas

      39.37 acres with frontage on Spring Cypress Rd.
      8222 Spring Cypress Rd, Spring, TX 77379
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Spring Warehouse Space Available

      2,350 SF warehouse space for lease in Spring, TX.
      6425-6465 Fm 2920 Rd, Spring, TX 77379
      View Details
    • $1.20 SF/Yr
      9,000 SF

      9,000 SF Warehouse Available

      9,000 SF warehouse with office space for lease.
      Five Forks Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Warehouse/Industrial Space on Louetta Road

      Warehouse/industrial/storage space with high ceiling and rollup bay door.
      5006 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      36,000 SF

      Northwest Houston Flex/Industrial Space

      Flex/industrial spaces for lease in Northwest Houston, from 1,500-36,000 SF.
      5702 Spring Cypress Rd, Spring, TX 77379
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      10,500 SqFt single tenant industrial space for lease.
      18901 Turnip St, Spring, TX 77379
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      13,650 SqFt single tenant industrial space for lease.
      18906 Turnip St, Spring, TX 77379
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5702 Spg Cypress Rd
    Spring, TX 77379-3427
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!