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    7315 Spg Cypress Rd, Unit 288 Spring, TX 77379-3539
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    7315 Spg Cypress Rd, Unit 288 Spring, TX 77379-3539

    View on Map
    • High-rise multifamily apartments
    • 39,688 SF
    • 11.13 lot acres
    Off-Market
    Property ID
    US82-9390072
    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.
    Value Estimations
    $2,270,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rise Spring Cypress / Apartment Complex
    • CraftyCristina / (Bike/Boat/Book/etc) Store
    • Brand-Itz / Marketing & Advertising / Advertising Agency
    • Aditech Garage Door Repair Spring / Hardware & Home Improvement / Production Facility
    • Gulf Coast Disaster Restoration / Hardware & Home Improvement / Construction Company

    Property Details for 7315 Spg Cypress Rd

    Year built
    2014
    Construction
    FRAME
    Lot size
    11.13 lot acres
    Property size
    39,688 SF
    Property type
    High-rise multifamily apartments
    APN
    1356660010001
    APU
    1356660010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,917,000
      Market price range: $1.23M - $2.68M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,840,000
      Current use
      MEDICAL BUILDING
      $2,820,000
      Change: +53% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,605,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,600,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5371
    Latitude
    30.0449
    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
    $796,762
    $5,210,529
    $36,667,897
    $41,878,426
    -
    $5,210,529
    $36,667,897
    $41,878,426

    Comparable in this City

    • Value Estimation
      $3,305,000
      170,674 SF

      9123 Cres Clover Dr, Unit 260

      HIGH-RISE APARTMENTS • 170,674 SF
      9123 Cres Clover Dr, Spring, TX 77379-8797
      View Details
    • 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 by Request
      4,538 SF

      7118 Oakwood Gln Blvd, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 4,538 SF
      7118 Oakwood Gln Blvd, Spring, TX 77379-3700
      View Details
    • Value Estimation
      $2,470,000
      37,154 SF

      7515 Spg Stuebner Rd, Unit 368

      GARDEN APT, COURT APT (5+ UNITS) • 37,154 SF
      7515 Spg Stuebner Rd, Spring, TX 77379-2488
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Luxurious Estate on Pristine Acres

      Sprawling estate with multiple residences, resort pool, and extensive amenities.
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      Prime Commercial Land Available

      23.13 Acres with 1409 ft Frontage Road!
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      Retail/Office/Medical Space Available

      Second-generation retail space near major retailers and corporate campuses.
      6334 Fm 2920 Rd, Spring, TX 77379
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    • $700,000

      Commercial Land on Cypresswood Drive

      Prime commercial land in Spring, Texas with high visibility.
      5350 Cypresswood Bnd, Spring, TX 77379
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    • $4,410,000
      23,850 SF

      Spring Office Building For Sale

      23,850 SF office building located in Spring, Texas.
      6225 Fm 2920 Rd, Spring, TX 77379
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      Spring, TX Development Opportunity

      Prime land for office, industrial, or retail development in Spring.
      Stuebner Airline Rd, Spring, TX 77379
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    Similar Nearby for Lease

    • $15 SF/Yr
      5,100 SF

      Spring Retail Center - 5100 SF

      Freestanding retail space, excellent location.
      5306 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing

      Land on Louetta Road

      Approximately 5.67 acres of land available for sale or lease.
      6995 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Prime location near Grand Parkway, ideal for small businesses.
      20008 Champion Forest Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Retail/Medical Office Space Available

      5,131 SF retail/medical space near Grand Parkway in Spring, TX.
      18551 Champion Forest Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Suburban Office Space Available

      Office space with private offices and workstations for rent.
      21021 Spring Brook Plaza Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Warehouse/Industrial Space on Louetta Road

      Warehouse/industrial/storage space with high ceiling and rollup bay door.
      5006 Louetta Rd, Spring, TX 77379
      View Details
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    Spring, TX 77379-3539
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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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