Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7303 Spg Cypress Rd, Unit 228 Spring, TX 77379-3380

    • Garden apartment buildings
    • 21,285 SF
    • 15.40 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3557650
    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

    • Goudeau Fashion / Clothing Store / Jewelry Designer
    • Shaunna morgan Photography / Wedding Service / Photography Service

    Property Details for 7303 Spg Cypress Rd

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    15.40 lot acres
    Property size
    21,285 SF
    Property type
    Garden apartment buildings
    APN
    1292350010001
    APU
    1292350010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,094,000
      Market price range: $658k - $1.44M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $990,000
      Current use
      MEDICAL BUILDING
      $1,510,000
      Change: +53% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,400,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,395,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5343
    Latitude
    30.0441
    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
    2022
    $473,653
    $3,437,406
    $20,462,201
    $23,899,607
    -
    $3,437,406
    $20,462,201
    $23,899,607

    Comparable in this City

    • Value Estimation
      $2,165,000
      30,182 SF

      7203 Grand W Pkwy, Unit 336

      GARDEN APT, COURT APT (5+ UNITS) • 30,182 SF
      7203 Grand W Pkwy, Spring, TX 77379-1662
      View Details
    • Value Estimation
      $1,690,000
      23,767 SF

      21201 Emerald Mist Pkwy, Unit 340

      GARDEN APT, COURT APT (5+ UNITS) • 23,767 SF
      21201 Emerald Mist Pkwy, Spring, TX 77379-1539
      View Details
    • Value Estimation by Request
      12,524 SF

      16222 Stuebner Airline Rd, Unit 161

      GARDEN APT, COURT APT (5+ UNITS) • 12,524 SF
      16222 Stuebner Airline Rd, Spring, TX 77379-7326
      View Details
    • Value Estimation
      $965,000
      24,742 SF

      7215 Spg Cypress Rd, Unit 216

      GARDEN APT, COURT APT (5+ UNITS) • 24,742 SF
      7215 Spg Cypress Rd, Spring, TX 77379-3272
      View Details
    • Value Estimation
      $1,385,000
      36,450 SF

      8100 Cypresswood Dr, Unit 366

      GARDEN APT, COURT APT (5+ UNITS) • 36,450 SF
      8100 Cypresswood Dr, Spring, TX 77379-7187
      View Details
    • Value Estimation
      $3,360,000
      177,186 SF

      19310 T C Jester Blvd, Unit 132

      GARDEN APT, COURT APT (5+ UNITS) • 177,186 SF
      19310 T C Jester Blvd, Spring, TX 77379-3598
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9.50 Acres

      Prime Spring, TX Development Land

      9.5 Acres, Mixed-Use Potential, Permits Ready
      19916 Stuebner Airline Rd, Spring, TX 77379
      View Details
    • $3,000,000
      5,760 SF

      Prime Spring, TX Restaurant Space

      5,760 SF restaurant, ideal owner-user opportunity.
      6062 FM 2920, Spring, TX 77379
      View Details
    • Contact for pricing
      14.79 Acres

      Louetta Road Commercial Land Development

      14.79 Acres, Prime Spring, TX Location
      9611 Louetta Rd, Spring, TX 77379
      View Details
    • $3,895,000

      Unrestricted Land in Klein, Texas

      39.37 acres with frontage on Spring Cypress Rd.
      8222 Spring Cypress Rd, Spring, TX 77379
      View Details
    • $357,000
      17,000 SF

      Prime Pad Site Opportunity

      Pad site in rapidly expanding Spring, Texas with high traffic.
      6535 Fm 2920 Rd, Spring, TX 77379
      View Details
    • $1,500,000
      5,689 SF

      Spring Cypress Freestanding Buildings

      Freestanding buildings ideal for office, medical, retail, or services.
      6710 Spring Cypress Rd, Spring, TX 77379
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      442,134 SF

      Prime Spring, TX Commercial Land

      10 Acres Available for Lease
      16534 Stuebner Airline Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      4,000 SF

      Medical/Office Suites For Lease

      Medical and office suites available for lease in Spring, TX.
      21301 Kuykendahl Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      988 SF

      Class A Office/Retail Space

      53,549 SF Class A office/retail building for lease.
      8917 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      5,053 SF

      Retail Space on Louetta Road

      Retail space available for lease on Louetta Road.
      8921 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      80,089 SF

      Klein Square Retail Space Available

      Spring, TX Retail Center: Spaces from 1,371 sq ft
      16812 Stuebner Airline Rd, Spring, TX 77379
      View Details
    • $32 SF/Yr
      990 SF

      New Professional Office Condo

      Move-in ready 990 sq. ft. office with modern finishes.
      18930 Kuykendahl Rd, Spring, TX 77379
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7303 Spg Cypress Rd, Unit 228
    Spring, TX 77379-3380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.