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    Property profile & analytics

    602 Rayford Rd Spring, TX 77386

    • Commercial real estate
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2285886
    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

    • Fin Factory Kayak & Tackle Co. - Houston / Canoe & Kayak Store

    Property Details for 602 Rayford Rd

    Property type
    Commercial real estate

    Description

    This exceptional retail opportunity is located at 602 Rayford Road in Spring, Texas, 77386. The property offers a flexible space ranging from 2,500 to 3,831 square feet, ideal for a variety of retail uses. Situated on a prominent hard corner at the intersection of Rayford Road and Richard Road, this second-generation free-standing building boasts high visibility and accessibility. The location benefits from significant frontage on Rayford Road, measuring 281 feet, ensuring maximum exposure to potential customers. This thriving retail corridor experiences extreme growth in both residential and commercial sectors. The property's convenient location is less than one mile from Interstate 45, providing easy access for customers and employees. Furthermore, the surrounding area features a strong concentration of established businesses, including Walgreens, Raising Cane's Fried Chicken, Starbucks, and Dollar General, creating a vibrant and attractive retail environment. One space is currently available. This property presents a unique opportunity to establish or expand a retail business in a high-growth area with excellent visibility and convenient access.

    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
    Harris
    State
    Texas
    Longitude
    -95.433453839128
    Latitude
    30.127271230864

    Comparable in this City

    • $15 SF/Yr
      66,208 SF

      I-45 North Retail Space Available

      Spring, TX Retail Center - Multiple Units
      25192 I-45, Spring, TX 77386
      View Details
    • Contact for pricing
      23,250 SF

      Grand Parkway Retail Space

      Spring, TX retail opportunity. High-traffic location.
      3150 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • $2.00 SF/Yr
      20,500 SF

      New Construction Retail Space Available

      New construction retail space with elevator access for lease.
      26222 Interstate 45 N, Spring, TX 77386
      View Details
    • $22 SF/Yr
      30,000 SF

      Spring Trails Office Complex

      Multi-tenant office & retail space available
      28517 Spring Trail Rdg, Spring, TX 77386
      View Details
    • Contact for pricing
      12,500 SF

      Oakwood Plaza: Retail Space Available

      Newly renovated retail center; prime location.
      25770 Interstate 45, Spring, TX 77386
      View Details
    • Contact for pricing
      4,300 SF

      Freestanding Retail Building For Lease

      4,300 SF retail building on 1.17 acres in Spring, TX.
      3548 Rayford Rd, Spring, TX 77386
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,334 SF

      Retail Property on Interstate 45

      5,334 SF retail property in Spring, Texas available for sale.
      26419 Interstate 45, Spring, TX 77386
      View Details
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      10,500 SF

      Professional Office Space For Sale

      Professional office space co-located inside Woodforest National Bank's retail branch.
      327 Rayford Rd, Spring, TX 77386
      View Details
    • Contact for pricing
      24,000 SF

      Retail Space Near Grand Parkway

      Restaurant, entertainment, and retail space near Kroger-anchored marketplace.
      4495 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • Contact for pricing

      The Grove at Benders Landing

      Prime Retail Land in Spring, TX
      3150 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • $1,750,000

      Land on Riley Fuzzel Road

      3.34 acres suitable for warehouse, office, or small business.
      1435 Riley Fuzzel Rd N, Spring, TX 77386
      View Details
    • $1,000,000

      Prime Commercial Lot in Spring

      Strategically located commercial lot in the heart of Spring, Texas.
      119 Heatherwood Dr, Spring, TX 77386
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      66,208 SF

      I-45 North Retail Space Available

      Spring, TX Retail Center - Multiple Units
      25192 I-45, Spring, TX 77386
      View Details
    • Contact for pricing
      23,250 SF

      Grand Parkway Retail Space

      Spring, TX retail opportunity. High-traffic location.
      3150 Riley Fuzzel Rd, Spring, TX 77386
      View Details
    • $2.00 SF/Yr
      20,500 SF

      New Construction Retail Space Available

      New construction retail space with elevator access for lease.
      26222 Interstate 45 N, Spring, TX 77386
      View Details
    • $22 SF/Yr
      30,000 SF

      Spring Trails Office Complex

      Multi-tenant office & retail space available
      28517 Spring Trail Rdg, Spring, TX 77386
      View Details
    • Contact for pricing
      12,500 SF

      Oakwood Plaza: Retail Space Available

      Newly renovated retail center; prime location.
      25770 Interstate 45, Spring, TX 77386
      View Details
    • Contact for pricing
      4,300 SF

      Freestanding Retail Building For Lease

      4,300 SF retail building on 1.17 acres in Spring, TX.
      3548 Rayford Rd, Spring, TX 77386
      View Details

    Property Visit Statistics

    • Visits by month
      13.1k
    • Visitors by month
      6.9k
    • Avg Time on site
      8 min
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    602 Rayford Rd
    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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