2810 Louetta RdSpring, TX 77388

Property Details for 2810 Louetta Rd

Year built

1997

Construction

METAL FRAME

Lot size

1.01 AC

Property size (Sq ft)

17,175 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1190510010001

APU

1190510010001

Description

Karen Plaza, located at 2810 Louetta Road, Spring, TX 77388, presents a unique opportunity for businesses seeking versatile space in a high-traffic area. This single-tenant property, totaling 15,975 square feet, offers a blend of retail and industrial space, ideal for businesses needing both showroom and warehouse capabilities. The building, constructed in 1997, features 2,450 square feet of currently vacant space, with a total of 44 parking spaces. The property's strategic location on Louetta Road, near Cypresswood and Ella, within the Spring/Klein submarket of North Houston, ensures high visibility and accessibility. The property benefits from its proximity to major roadways including I-45, SH-99, and the Hardy Toll Road, providing easy access for customers and employees. Leases are gross modified, with no NNN expenses, and the developer offers customized floor plans to meet specific business needs. A special offer is available for Suite 8 (warehouse space only) at $1.10 per square foot per month, including electricity. The property is classified as Class C and features a single-story building with no dock-high doors. Three-year lease terms are preferred. This property is perfect for businesses seeking a strong presence in a thriving community with a high volume of daily traffic. The unique layout allows for flexible use, whether primarily retail, industrial, or a combination of both.

• CAP approach

  CAP return

  Valuation

  6%

  $6,940,410

  6.5%

  $6,406,532

  7%

  $5,948,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,174,902

  Geo Method

  $12,957,899

• Alternative Use

  Use

  Valuation

  Residential

  $5,404,150

  Hospitality

  $4,950,172

  Educational

  $4,118,485

  Medical

  $4,260,126

  Retail

  $6,406,532

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0562

Longitude

-95.4577

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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