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    8215 Cypresswood Dr Spring, TX 77379-7466

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    8215 Cypresswood Dr Spring, TX 77379-7466

    View on Map
    • Assisted living facilities
    • 224,006 SF
    • 4.82 lot acres
    Off-Market
    Property ID
    US82-9643001
    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
    $2,680,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conservatory At Champion Forest / Retirement Community

    Property Details for 8215 Cypresswood Dr

    Year built
    2006
    Construction
    WOOD FRAME
    Lot size
    4.82 lot acres
    Property size
    224,006 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1282990010002
    APU
    1282990010002

    Description

    Conservatory At Champion Forest offers 190 luxury senior apartment homes in Spring, Texas, located at 8215 Cypresswood Dr, 77379. This vibrant retirement community provides a carefree lifestyle for active seniors, eliminating the burdens of daily chores and maintenance. Apartment sizes range from 561 to 1,086 square feet, offering comfortable and spacious living options. Residents enjoy concierge-level services, including complimentary housekeeping, fostering a welcoming and supportive environment. The community is designed to encourage social interaction and participation in hobbies and interests, providing opportunities to connect with new friends and engage in fulfilling activities. This is an exceptional opportunity for those seeking independent living in a luxurious and convenient setting, allowing residents to focus on enjoying their retirement years to the fullest. The community is situated in Harris County, Texas, offering easy access to local amenities and attractions. For more information, please visit the community's website.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5295
    Latitude
    30.002
    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
    $469,676
    $1,260,252
    $26,349,819
    $27,610,071
    -
    $1,260,252
    $26,349,819
    $27,610,071

    Comparable in this City

    • Value Estimation
      $585,000
      39,408 SF

      6611 Cypresswood Dr, Unit 54

      HOMES (RETIRED, NURSING) • 39,408 SF
      6611 Cypresswood Dr, Spring, TX 77379-7702
      View Details
    • Value Estimation
      $4,705,000
      236,240 SF

      9505 Northpointe Blvd

      HOMES (RETIRED, NURSING) • 236,240 SF
      9505 Northpointe Blvd, Spring, TX 77379-3799
      View Details
    • Value Estimation by Request
      11,781 SF

      19065 Champion Frst Dr

      HOMES (RETIRED, NURSING) • 11,781 SF
      19065 Champion Frst Dr, Spring, TX 77379-8516
      View Details
    • Value Estimation
      $580,000
      28,415 SF

      6327 Cypresswood Dr, Unit 46

      HOMES (RETIRED, NURSING) • 28,415 SF
      6327 Cypresswood Dr, Spring, TX 77379-8208
      View Details
    • Value Estimation
      $760,000
      21,655 SF

      6420 Cypresswood Dr, Unit 30

      HOMES (RETIRED, NURSING) • 21,655 SF
      6420 Cypresswood Dr, Spring, TX 77379-8775
      View Details
    • Value Estimation by Request
      7,646 SF

      8733 Eastloch Dr

      HOMES (RETIRED, NURSING) • 7,646 SF
      8733 Eastloch Dr, Spring, TX 77379-5308
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail/Office/Medical Space Available

      Second-generation retail space near major retailers and corporate campuses.
      6334 Fm 2920 Rd, Spring, TX 77379
      View Details
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      5,200 SF

      Retail Space in Spring, Texas

      Retail space available for sale in Spring, Texas.
      18505 Champion Forest Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Land with Taxiway Access

      Approximately 2 acres with frontage on Hoover and West Taxi.
      Max Conrad Dr, Spring, TX 77379
      View Details
    • Contact for pricing

      Land for Assisted Living Facility

      Land with plans for a memory care facility in Spring.
      5350 Cypresswood Dr, Spring, TX 77379
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    • Contact for pricing
      4,500 SF

      Office Building For Sale

      Office building with 4,500 square feet available for sale.
      17006 Seven Pines Dr, Spring, TX 77379
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    • Contact for pricing
      5,100 SF

      Retail Space at Lighted Intersection

      Retail space available at the corner of Louetta and Klein.
      5306 Louetta Rd, Spring, TX 77379
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space on Kuykendahl Road

      Retail or office space available on Kuykendahl Road in Spring.
      19620 Kuykendahl Rd, Spring, TX 77379
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    • Contact for pricing

      Prime Land at FM 2920

      3.142 acres at lighted intersection with high traffic volume.
      9166 Farm To Market 2920, Spring, TX 77379
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    • Contact for pricing
      800 SF

      Updated Executive Suite For Rent

      Executive suite with medical and office space available for rent.
      5529 Louetta Rd, Spring, TX 77379
      View Details
    • Contact for pricing

      Retail Space in Theiss Plaza

      Neighborhood retail center in Champion Forest area of Spring, Texas.
      16811-16825 Theiss Mail Route Rd, Spring, TX 77379
      View Details
    • $30 SF/Yr
      2,550 SF

      Retail/Medical Office Space Available

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

      Land For Rent Spring, TX

      Land available for rent in Spring, TX.
      7130 Five Forks Dr, Spring, TX 77379
      View Details
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    Spring, TX 77379-7466
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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.

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    8215 Cypresswood Dr, Spring, TX, 77379

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