Property profile

8817 Louetta Rd Spring, TX 77379

OFF-MARKET
Office buildings
Property ID
US82-4479050
15,907 SF 1.6 ac lot Built 2003
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A standalone stone and masonry commercial building constructed in 2003, approximately 15,400 square feet in size, situated on approximately 1.60 acres (69,709 square feet) of land in the Champions Forest area. The property is located off a hard corner and has frontage/visibility at a signalized intersection, with both building and monument signage. It is positioned across from the Lakes of Sterling Gate and the Champion Springs neighborhoods and is outside the floodplain. The building is currently configured for office use with a 50/50 office to bullpen layout and is designed to accommodate potential multi-tenant arrangements; it may also be suitable for retail, creative, or medical office uses. A lighted parking field provides 82 parking spaces.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction STONE
Total area 15,907 SF
Lot 1.6 ac (69,709 SF)
APN 1216310010023
UPID US82-4479050

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

8817 Louetta Rd Spring, TX 77379-6745
Spring metro Census 554002 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.42M
Comparable Approach Comparable
$3.19M
Blend (final) Blend
$3.31M

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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