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    Property profile & analytics

    9700 Louetta Rd Spring, TX 77379-6529

    • Medical Office Space
    • 9,051 SF
    • 1.27 lot acres
    OFF-MARKET
    Last Sale
    Feb 20, 2023
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1503364
    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

    • Houston Sleep Apnea / Medical Clinic
    • Dr. Michael Landry / Dental Office
    • Consultants In Dental Aesthetics / Dental Office

    Property Details for 9700 Louetta Rd

    Year built
    2020
    Construction
    METAL FRAME
    Lot size
    1.27 lot acres
    Property size
    9,051 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1181970010002
    APU
    1181970010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $870,000
      Market price range: $422k - $871k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $645,000
      Current use
      RESTAURANT
      $1,005,000
      Change: +56% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $920,000
      Change: +44% Conversion: Easy
      WAREHOUSE, STORAGE
      $595,000
      Change: -7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $595,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.5586
    Latitude
    30.0025
    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
    $54,226
    $538,750
    $2,703,362
    $3,242,112
    -
    $538,750
    $2,703,362
    $3,242,112

    Comparable in this City

    • Value Estimation
      $840,000
      12,000 SF

      21301 Kuykendahl Rd

      MEDICAL BUILDING • 12,000 SF
      21301 Kuykendahl Rd, Spring, TX 77379-2611
      View Details
    • Value Estimation by Request
      4,646 SF

      17059 Stuebner Airline Rd

      MEDICAL BUILDING • 4,646 SF
      17059 Stuebner Airline Rd, Spring, TX 77379-6210
      View Details
    • Value Estimation by Request
      2,202 SF

      17718 Kuykendahl Rd

      MEDICAL BUILDING • 2,202 SF
      17718 Kuykendahl Rd, Spring, TX 77379-8109
      View Details
    • Value Estimation by Request
      7,198 SF

      6315 Cypresswood Dr

      MEDICAL BUILDING • 7,198 SF
      6315 Cypresswood Dr, Spring, TX 77379-8208
      View Details
    • Value Estimation by Request
      2,538 SF

      18607 Kuykendahl Rd

      MEDICAL BUILDING • 2,538 SF
      18607 Kuykendahl Rd, Spring, TX 77379-3453
      View Details
    • Value Estimation by Request
      4,518 SF

      8678 Louetta Rd, Unit 8

      MEDICAL BUILDING • 4,518 SF
      8678 Louetta Rd, Spring, TX 77379-6679
      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
    • $1,500,000
      5,689 SF

      Spring Cypress Freestanding Buildings

      Freestanding buildings ideal for office, medical, retail, or services.
      6710 Spring Cypress Rd, Spring, TX 77379
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    • $1,600,000
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      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
      4,500 SF

      Executive Office Building for Sale

      Prime Spring, TX Office Space - 4,500 SF
      17006 Seven Pines Dr, Spring, TX 77379
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    • $380,000
      1,225 SF

      20008 Champion Forest Dr

      Office properties & Spaces • 1,225 SF
      20008 Champion Forest Dr, Spring, TX 77379
      View Details
    • $4,410,000
      23,850 SF

      Spring Office Building For Sale

      23,850 SF office building located in Spring, Texas.
      6225 Fm 2920 Rd, Spring, TX 77379
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      23,705 SF

      Stables Town Center: Prime Spring Office Space

      Class A Office Suites in Spring, TX
      18505 Champion Forest Dr, Spring, TX 77379
      View Details
    • Contact for pricing
      19,873 SF

      Spring, TX Retail/Office Space

      19,873 SF Multi-Tenant Retail/Office Building
      19620 Kuykendahl 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
    • $20 SF/Yr
      83,466 SF

      Spring Surgical Retail Plaza

      Medical Office Space for Lease in Spring, TX
      20631 Kuykendahl Rd, Spring, TX 77379
      View Details
    • $18 SF/Yr
      7,168 SF

      Spring Klein Medical Office Space

      7,168 SF Medical Office Building, 3,250 SF Vacant
      17447 Kuykendahl 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
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    9700 Louetta Rd
    Spring, TX 77379-6529
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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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