18750 Interstate 45Spring, TX 77373

Property Details for 18750 Interstate 45

Year built

2011

Construction

STEEL FRAME

Lot size

11.83 AC

Property size (Sq ft)

48,352 SF

Property type

Retail properties

Property subtype

Retail space

APN

1333170010001

APU

1333170010001

Description

This exceptional 99,351-square-foot mixed-use property in Spring, Texas, presents a compelling investment opportunity. Strategically located on Interstate 45, it enjoys high visibility to nearly 271,000 vehicles daily. The 12.41-acre site houses a 44,019-square-foot, two-story Class A office building constructed in 2011, along with eleven single-family residential model homes, an event hall, a cooking school, and a substantial warehouse. The property offers 258 surface parking spaces, providing a 5.68/1,000 SF parking ratio. Its prime location between Houston and The Woodlands, Texas, offers easy access to major thoroughfares including Interstate 45, FM 1960, the Grand Parkway, and the Hardy Toll Road. Proximity to George Bush Intercontinental Airport, The Woodlands, and downtown Houston further enhances its appeal. The property boasts a large, two-sided electronic LED sign, ensuring prominent visibility. The expansive meeting space accommodates 240+ attendees, complemented by a 1,000kW diesel backup generator and private fiber internet lines. High-quality finishes and multiple breakrooms are featured throughout. The property's location in a rapidly growing area, with over 262,969 residents within a five-mile radius, and its proximity to major employers like ExxonMobil and HP Enterprises, makes it ideal for a variety of uses. An additional 28 acres are available for expansion. The property's features and location make it suitable for medical, insurance, inpatient/outpatient rehabilitation facilities, corporate offices, housing, or hospitals, given its proximity to several major healthcare providers. This is a rare opportunity to acquire a fee-simple interest in a thriving mixed-use center.

• CAP approach

  CAP return

  Valuation

  6%

  $19,539,022

  6.5%

  $18,036,020

  7%

  $16,747,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,014,434

  Geo Method

  $36,479,784

• Alternative Use

  Use

  Valuation

  Residential

  $15,214,057

  Hospitality

  $13,935,995

  Educational

  $11,594,584

  Medical

  $11,993,340

  Retail

  $18,036,020

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0393

Longitude

-95.4265

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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