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    Property profile & analytics

    9040 Louetta Rd Spring, TX 77379-6748

    • Warehouses
    • 6,805 SF
    • 7.41 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2140732
    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

    • Amazing Spaces Storage Centers / Storage Facility
    • Penske Truck Rental / Car Rental Facility
    • H-Town Seamless Gutters / Hardware & Home Improvement / General Contractor
    • No Mess Gutters and Roofing Services Inc. / Roofing Company / General Contractor

    Property Details for 9040 Louetta Rd

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.41 lot acres
    Property size
    6,805 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1219020010001
    APU
    1219020010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $619,000
      Market price range: $259k - $620k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $445,000
      Current use
      RESTAURANT
      $755,000
      Change: +69% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $695,000
      Change: +55% Conversion: Difficult
      MEDICAL BUILDING
      $485,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $445,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5491
    Latitude
    30.0084
    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
    2023
    $194,775
    $1,936,680
    $9,033,398
    $10,970,078
    -
    $1,936,680
    $9,033,398
    $10,970,078

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      6911 Louetta Rd

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      6911 Louetta Rd, Spring, TX 77379-7420
      View Details
    • Value Estimation by Request
      3,120 SF

      19526 Kuykendahl Rd, Unit 273

      MINI-WAREHOUSE, STORAGE • 3,120 SF
      19526 Kuykendahl Rd, Spring, TX 77379-3451
      View Details
    • Value Estimation
      $5,045,000
      199,728 SF

      7520 Grand W Pkwy

      MINI-WAREHOUSE, STORAGE • 199,728 SF
      7520 Grand W Pkwy, Spring, TX 77379-1645
      View Details
    • Value Estimation by Request
      1,800 SF

      6745 Fm 2920th Rd

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      6745 Fm 2920th Rd, Spring, TX 77379-2529
      View Details
    • Value Estimation
      $1,010,000
      9,975 SF

      18110 Stuebner Airline Rd

      MINI-WAREHOUSE, STORAGE • 9,975 SF
      18110 Stuebner Airline Rd, Spring, TX 77379-5412
      View Details
    • Value Estimation by Request
      4,380 SF

      17536 Stuebner Airline Rd, Unit 255

      MINI-WAREHOUSE, STORAGE • 4,380 SF
      17536 Stuebner Airline Rd, Spring, TX 77379-4627
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,148 SF

      Flex Building with Office Space

      6,148 SF flex building with 1,200 SF office for sale.
      Stuebner Airline Rd, Spring, TX 77379
      View Details
    • $750,000
      5.67 Acres

      Louetta Road Commercial Land

      5.67 Acres, High Traffic Area, $750,000
      6995 Louetta Rd, Spring, TX 77379
      View Details
    • $8,500,000
      23.13 Acres

      Prime Spring, TX Commercial Land

      23 Acres, High Visibility, Ready to Develop
      18415 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
    • $1,600,000
      2,812 SF

      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
      17427 W Strack Dr, 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

    Similar Nearby for Lease

    • Contact for pricing
      2,350 SF

      Spring Warehouse Space Available

      2,350 SF warehouse space for lease in Spring, TX.
      6425-6465 Fm 2920 Rd, Spring, TX 77379
      View Details
    • Contact for pricing
      36,000 SF

      Northwest Houston Flex/Industrial Space

      Flex/industrial spaces for lease in Northwest Houston, from 1,500-36,000 SF.
      5702 Spring Cypress Rd, Spring, TX 77379
      View Details
    • $9 SF/Yr
      4,223 SF

      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
    • $1.20 SF/Yr
      9,000 SF

      9,000 SF Warehouse Available

      9,000 SF warehouse with office space for lease.
      Five Forks Dr, Spring, TX 77379
      View Details
    • $14 SF/Yr
      9,000 SF

      Spring, TX Warehouse - 9,000 SF

      Single-tenant industrial warehouse in Spring, TX.
      7307 Five Forks Dr, Spring, TX 77379
      View Details
    • $1.35 SF/Yr
      36,000 SF

      Spring Cypress Road Warehouse

      9,000 SF Warehouse Space Available
      5702 Spring Cypress Rd, Spring, TX 77379
      View Details
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    9040 Louetta Rd
    Spring, TX 77379-6748
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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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