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    Property profile & analytics

    9312 Louetta Rd Spring, TX 77379

    • Retail space
    • 1,632 SF
    • 1.87 lot acres
    For Sale
    View listing
    $1,360,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1830107
    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

    • Smarter Sprinklers & Drain Systems / General Contractor / Construction Company
    • SWA sprinkler systems of Texas / General Contractor / Construction Company
    • Blue Point Pools / Landscaping / General Contractor
    • College Bound Students Lawn Cr / Landscaping / General Contractor

    Property Details for 9312 Louetta Rd

    Year built
    1998
    Construction
    WOOD FRAME
    Lot size
    1.87 lot acres
    Property size
    1,632 SF
    Property type
    Retail space
    APN
    421220020010
    APU
    421220020010

    Description

    This exceptional 1,632-square-foot executive office building sits on a 1.87-acre lot in Spring, Texas, offering significant potential. The property features a large showroom, one executive office, three private offices, two restrooms, two storage closets, and a kitchenette. Located on Louetta Road, it boasts approximately 195 feet of frontage, providing excellent visibility to the over 33,000 vehicles passing daily. The building is situated in a high-density residential and commercial area, minutes from Vintage Park and Highway 249, ensuring easy access to major freeways and retail amenities. The land is partially cleared and stabilized, presenting an outstanding redevelopment opportunity. Suitable for various businesses, including lawn care, used car sales, construction, or pool services. The property includes a well and septic system, with potential for mud annexation. Located in Harris County within the Klein ISD, the 2023 tax rate is $1.75 per $100 of assessed value. Seller financing is available. This is a prime investment opportunity in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5523
    Latitude
    30.0061
    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
    $13,345
    $651,832
    $113,278
    $765,110
    -
    $651,832
    $113,278
    $765,110

    Comparable in this City

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    • Value Estimation
      $585,000
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      7311 Grand W Pkwy

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    • Value Estimation by Request
      5,328 SF

      19403 Stuebner Airline Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,328 SF
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    • Value Estimation by Request
      7,560 SF

      17126 Stuebner Airline Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,560 SF
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    • Value Estimation by Request
      8,196 SF

      8605 Louetta Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,196 SF
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      View Details
    • Value Estimation by Request
      6,800 SF

      18737 Kuykendahl Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
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      View Details

    Similar Nearby for Sale

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      Prime Spring, TX Restaurant Space

      5,760 SF restaurant, ideal owner-user opportunity.
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    • $1,360,000
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      Executive Office Building, Spring, TX

      1,632 SF Office/Retail, $1.36M
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    Similar Nearby for Lease

    • Contact for pricing
      5,053 SF

      Retail Space on Louetta Road

      Retail space available for lease on Louetta Road.
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      Retail Space Available For Lease

      Retail space available for lease in Spring, Texas.
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      View Details
    • Contact for pricing
      12,879 SF

      Louetta Road Retail Opportunity

      Three retail pads, high traffic area.
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      Woodforest Plaza Retail Space

      Spring, TX: Prime Retail Opportunity
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      Neighborhood retail center with high visibility and strong demographics.
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    • Contact for pricing
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      Retail/Medical Office Space Available

      5,131 SF retail/medical office space for lease in Spring, TX.
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      View Details
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    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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