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Property profile & analytics
FOR SALE
Warehouses
612 Spring Cypress Rd Spring, TX 77373
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9689195
For Sale
1 / 6
$760,000
612 Spring Cypress Rd, Spring, TX 77373
View Listing →
Property summary
AI-generated overview
This 12,600-square-foot Class B warehouse in Spring, Texas, boasts a recent complete interior and exterior remodel. The property features 10,100 square feet of warehouse space and 2,500 square feet of first-floor and 1,920 square feet of second-floor Class A office space. The building, constructed in 1999, sits on a 1.07-acre lot and offers a 20-foot eave height, three-phase power, and ample outside storage within a fenced and gated area. Its prime location is approximately half a mile east of I-45 on Spring Cypress Road, leading into Old Town Spring, providing high visibility and traffic. Convenient access to Hardy Toll Road and Grand Parkway ensures quick commutes throughout the greater Houston area. The property consists of one, two-story building. There are no loading docks. The permitted zoning is not specified.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
METAL FRAME
Total area
23,884 SF
Lot
1.07 ac (46,727 SF)
APN
450100003939
UPID
US82-9689195
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
-
TRIK Motorsports Auto Repair Shop
-
Talon Construction LLC Construction Company
-
Wright way Services Campground & RV Park
-
InteliFlex Consulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$760k
Owner & transaction history
Rac Development LLC · 5 yrs held
Rac Development LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,757
Tax year 2023
Assessed value
$1,665,665
Assessed 2024
Previous assessed
$1,665,665
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$327,089
Assessed improvement
$1,338,576
Land market value
$327,089
Improvement market value
$1,338,576
Total market value
$1,665,665
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1999
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
23,884 SF
Lot
1.07 ac (46,727 SF)
APN
450100003939
UPID
US82-9689195
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Rac Development LLC
Entity
Mailing address
17165 NORTHCREST CIR, NEW CANEY, TX 77357-4708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Rac Development LLC
—
Deed
related
$317,591 · First Financial Bank NA
Dec 8, 2022
—
Rac Development LLC
—
Deed
related
$760,000 · First Financial Bank NA
Oct 3, 2022
—
Rac Development LLC
—
Deed
related
$760,000 · First Financial Bank NA
Feb 1, 2021
—
Rac Development LLC
Lessing Properties LLC
Venders Lien
$760,000 · First Financial Bank NA
Nov 5, 2018
—
Great Ctrl Mtg Accptnc Co Ltd
Harris,anne
Grant Deed
related
—
Nov 29, 2017
—
Anne Harris
Great Ctrl Mtg Acceptance Co L
Warranty Deed
$912,500 · Great Ctrl Mtg
Feb 13, 2017
—
Great Ctrl Mtg Accep Co Ltd
Investors Note Servicing INC
Warranty Deed
related
—
Jan 19, 2016
$239,181
Investors Note Servicing INC
Dasigensis Sandy|old Town Spring Holdings INC
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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