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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6701 Lk Woodlands Dr Spring, TX 77382-2565

    • Medical offices
    • 29,792 SF
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2375631
    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

    • Shoreline Surgical Center / Surgical Center
    • Sterling Physical Therapy / Physical Therapy Clinic
    • Sterling Ridge Surgery Center / Surgical Center
    • Lakeshore Surgical Center / Surgical Center
    • Johnson Taylor C / Physical Therapist

    Property Details for 6701 Lk Woodlands Dr

    Year built
    2004
    Construction
    FRAME
    Lot size
    3.56 lot acres
    Property size
    29,792 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    9699-35-00100
    APU
    96993500100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,567,000
      Market price range: $1.25M - $2.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5362
    Latitude
    30.1841
    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
    2024
    $114,446
    $1,860,876
    $5,271,035
    $7,131,911
    -
    $1,860,876
    $5,271,035
    $7,131,911

    Comparable in this City

    • Value Estimation
      $810,000
      17,200 SF

      10333 Kuykendahl Rd

      MEDICAL BUILDING • 17,200 SF
      10333 Kuykendahl Rd, The Woodlands, TX 77382-2878
      View Details
    • Value Estimation
      $940,000
      18,976 SF

      10847 Kuykendahl Rd

      MEDICAL BUILDING • 18,976 SF
      10847 Kuykendahl Rd, The Woodlands, TX 77382-2932
      View Details
    • Value Estimation
      $900,000
      29,940 SF

      6767 Lk Woodlands Dr

      MEDICAL BUILDING • 29,940 SF
      6767 Lk Woodlands Dr, Spring, TX 77382-2566
      View Details
    • Value Estimation
      $495,000
      9,258 SF

      10845 Kuykendahl Rd

      MEDICAL BUILDING • 9,258 SF
      10845 Kuykendahl Rd, The Woodlands, TX 77382-2938
      View Details
    • Value Estimation
      $565,000
      8,210 SF

      10815 Kuykendahl Rd

      MEDICAL CLINIC • 8,210 SF
      10815 Kuykendahl Rd, The Woodlands, TX 77382-2777
      View Details
    • Value Estimation by Request
      13,941 SF

      10110 Research Forest Dr

      Medical offices • 13,941 SF
      10110 Research Forest Dr, The Woodlands, TX 77382
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,941 SF

      Westgate Crossing Retail/Medical Space

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      Renovated Car Wash on Woodlands Parkway

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      Updated Townhome in Prime Location

      Updated 3-bedroom townhome with fenced backyard, close to amenities.
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    Similar Nearby for Lease

    • $38 SF/Yr
      13,941 SF

      The Woodlands Medical Office Space

      Class A medical suites, 1,223-3,711 SF available
      10110 Research Frst Dr, The Woodlands, TX 77382
      View Details
    • $24 SF/Yr
      48,777 SF

      Kuykendahl Professional Plaza II

      The Woodlands Office Space: Modern, Class A building.
      10857 Kuykendahl Rd, The Woodlands, TX 77382
      View Details
    • $17 SF/Yr
      1,600 SF

      Office Space with Flexible Layout

      Adaptable office space featuring reception and reconfigurable open area.
      8101 Kuykendahl Rd, Spring, TX 77382
      View Details
    • Contact for pricing
      138,935 SF

      The Woodlands Retail Center

      Prime Retail Space, High Traffic Area
      7800-8150 Research Frst Dr, The Woodlands, TX 77382
      View Details
    • $1,900 /Mo

      Updated End Unit in Woodlands

      Three-bedroom, updated end unit in The Woodlands for rent.
      50 Leafstalk Ct, Spring, TX 77382
      View Details
    • Contact for pricing

      Land Sites for Lease/Sale

      Available pad sites for ground lease or sale in The Woodlands.
      26435-26543 Kuykendahl Rd, The Woodlands, TX 77382
      View Details
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    6701 Lk Woodlands Dr
    Spring, TX 77382-2565
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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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