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Property profile & analytics
FOR SALE
Strip malls

727 E Louetta Rd Spring, TX 77373

3,200 SF 3.02 ac lot Built 2015
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-0252045
727 E Louetta Rd, Spring, TX 77373 For Sale
Contact for pricing 3,200 SF
727 E Louetta Rd, Spring, TX 77373
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Property summary
AI-generated overview

This exceptional retail opportunity is located at 727 E Louetta Rd, Spring, TX 77373, within the Y Shops at Lexington shopping center. The property boasts a total of 11,985 square feet and offers two available spaces, ranging from 1,059 to 7,382 square feet, perfect for a variety of retail businesses. Situated at the northwest corner of E. Louetta Road and Lexington Road in Harris County, this center enjoys excellent visibility and accessibility. With over 31,700 vehicles passing Louetta Road daily and over 14,000 on Lexington Road, this location provides significant exposure to potential customers. The property benefits from convenient access to major thoroughfares including the North Freeway (I-45), Hardy Toll Road, and the Grand Parkway, ensuring easy commutes for both employees and customers. Ample parking is available with 37 spaces provided for shoppers and employees. The center features convenient cross-access with a Mobil gas station, further enhancing its appeal and foot traffic. This is a prime location for businesses seeking high visibility and convenient access in a thriving Spring, Texas community. The property is classified as multi-tenant retail space.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2015
Construction CONCRETE BLOCKS
Total area 3,200 SF
Lot 3.02 ac (131,416 SF)
APN 1373000010001
UPID US83-0252045
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
  • The Gathering Nook Coworking & Hybrid Office
  • Ample Healthcare, LLC. Home Health Care Service
  • Donut House Bakery Discount Store
  • 3D's Nutrition Shack Restaurant Take-out & Catering
  • Mirrey tacos y MAS Restaurant
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
North Lexington Realty LLC · 7 yrs held
North Lexington Realty LLC
since 2019
4 recorded transactions
2019
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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