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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8817 Louetta Rd Spring, TX 77379

    • Office buildings
    • 15,907 SF
    • 1.60 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4479050
    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

    • Blythe Palamara | Houston | Residential Real Estate / Real Estate Agent
    • Jeanette Cardenas, Realtor ® - Better Homes and Gardens Real Estate Gary Greene / Real Estate Consultant
    • Teresa Rosas / Real Estate Agent
    • Wendy Roloff, Realtor in Spring, TX / Real Estate Agent / Real Estate Consultant
    • Julio Perez - Realtor® - Better Homes and Gardens Real Estate Gary Greene / Real Estate Agency

    Property Details for 8817 Louetta Rd

    Year built
    2003
    Construction
    STONE
    Lot size
    1.60 lot acres
    Property size
    15,907 SF
    Property type
    Office buildings
    APN
    1216310010023
    APU
    1216310010023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,705,000
      6.5%
      $3,420,000
      7%
      $3,175,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,192,000
      Market price range: $2.42M - $6.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,465,000
      Current use
      INDUSTRIAL (GENERAL)
      $4,450,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5443
    Latitude
    30.0091
    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
    $41,834
    $697,100
    $1,722,271
    $2,419,371
    -
    $697,100
    $1,722,271
    $2,419,371

    Comparable in this City

    • Value Estimation
      $1,455,000
      11,000 SF

      7007 Wimbledon Ests Dr

      OFFICE BUILDING • 11,000 SF
      7007 Wimbledon Ests Dr, Spring, TX 77379-7322
      View Details
    • Value Estimation
      $1,715,000
      7,552 SF

      8201 Cypresswood Dr

      OFFICE BUILDING • 7,552 SF
      8201 Cypresswood Dr, Spring, TX 77379-7586
      View Details
    • Value Estimation
      $2,595,000
      14,136 SF

      17907 Kuykendahl Rd

      OFFICE BUILDING • 14,136 SF
      17907 Kuykendahl Rd, Spring, TX 77379-8156
      View Details
    • Value Estimation
      $1,390,000
      10,472 SF

      17835 Kuykendahl Rd

      OFFICE BUILDING • 10,472 SF
      17835 Kuykendahl Rd, Spring, TX 77379-8150
      View Details
    • Value Estimation by Request
      1,668 SF

      17015 7th Pnes Dr Ste, Unit 2

      OFFICE BUILDING • 1,668 SF
      17015 7th Pnes Dr Ste, Spring, TX 77379-5350
      View Details
    • Value Estimation
      $5,160,000
      26,576 SF

      18425 Champion Frst Dr

      OFFICE BUILDING • 26,576 SF
      18425 Champion Frst Dr, Spring, TX 77379-3999
      View Details

    Similar Nearby for Sale

    • $1,500,000
      5,689 SF

      Spring Cypress Freestanding Buildings

      Freestanding buildings ideal for office, medical, retail, or services.
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      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
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      15,400 SF

      Champions Forest Standalone Office Building

      Well-maintained office building in Champions Forest area with high visibility.
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    • $4,900,000
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      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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      29,951 SF

      Retail/Office/Medical Space Available

      Second-generation retail space near major retailers and corporate campuses.
      6334 Fm-2920, Spring, TX 77379
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    • $380,000
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      20008 Champion Forest Dr

      Office Properties & Spaces • 1,225 SF
      20008 Champion Forest Dr, Spring, TX 77379
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    Similar Nearby for Lease

    • 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
    • $13 SF/Yr
      21,615 SF

      Spring, TX Medical Office Suites

      Two-story medical/office building, suites available.
      6620 Cypresswood Dr, Spring, TX 77379
      View Details
    • $34 SF/Yr
      8,679 SF

      Gleannloch Office Enclave

      Modern Office Condos, Prime Location
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      View Details
    • Contact for pricing
      2,550 SF

      Retail/Medical Office Space Available

      5,131 SF retail/medical office space for lease in Spring, TX.
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    • Contact for pricing
      3,372 SF

      Office Space in Northwest Houston

      Office space available in a professional business park.
      8411-8435 Louetta Rd, Spring, TX 77379
      View Details
    • $22 SF/Yr
      29,238 SF

      Louetta Plaza Medical Office Space

      Spring, TX Medical Office Suites Available
      6384 Louetta Rd, Spring, TX 77379
      View Details
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    8817 Louetta Rd
    Spring, TX 77379
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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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