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Property profile & analytics
FOR LEASE
Retail space
702 Spring Cypress Rd Spring, TX 77373
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0117299
For Lease
Contact for pricing
702 Spring Cypress Rd, Spring, TX 77373
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD FRAME
Total area
1,972 SF
Lot
2.39 ac (104,148 SF)
APN
450100000259
UPID
US82-0117299
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
-
American HVAC Services Inc HVAC Service General Contractor
-
TX Spring Water Heater HVAC Service General Contractor
-
M1 Machining Gun Club Liquidator
-
Same Day Mobile Auto Detailing Spring Car Wash
-
First Class Mini Split Installers HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Old Town Spring Partnership Ltd · 21 yrs held
Old Town Spring Partnership Ltd
since 2005
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$17,869
Tax year 2022
Assessed value
$2,447,808
Assessed 2024
Previous assessed
$2,342,409
+4.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$729,036
Assessed improvement
$1,718,772
Land market value
$729,036
Improvement market value
$1,718,772
Total market value
$2,447,808
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
1,972 SF
Lot
2.39 ac (104,148 SF)
APN
450100000259
UPID
US82-0117299
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
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.39 ac
Current owner
From public records · entity-resolved
Old Town Spring Partnership Ltd
Entity
Mailing address
5710 LYNDON B JOHNSON FWY #240, DALLAS, TX 75240-6324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Pintail Spring Cypress LLC
—
Deed
related
$150,000 · Liberty National Bank
Oct 30, 2023
—
Pintail Spring Cypress LLC
—
Deed
related
$2,106,440 · Liberty National Bank
Mar 16, 2005
—
Old Town Spring Partnership Ltd
Pst Group LLC
Warranty Deed
$934,778 · Wallis State Bank
Oct 16, 1998
—
Spring Village Investments Ltd
Tcc Industries INC
Grant Deed
$68,000 · Southwest Bank Of Texas
—
—
Old Town Spring Ptshp Ltd
—
Deed Of Trust
related
$625,000 · Randolph Brooks FCU
—
—
Old Town Spring Ptshp Ltd
—
Loan Modification
related
$606,190 · Wallis St Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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