5507 Louetta RdSpring, TX 77379

Property Details for 5507 Louetta Rd

Year built

2008

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

710 SF

Property type

Office properties

APN

1287090040005

APU

1287090040005

Description

This exceptional 4,050-square-foot single-story office building, constructed in 2008, presents a unique owner-user or investment opportunity in Spring, Texas. Located at 5507 Louetta Rd, Suite A, this Class B property boasts numerous upgrades, including 10-foot ceilings, travertine flooring in the reception area, and a sophisticated conference room featuring a glass wall with privacy film and wood paneling. The building also includes upgraded wiring, crown molding throughout, commercial bathrooms, and a large kitchenette. The flexible layout offers both open and private office spaces, and the property is designed to accommodate multiple tenants, with four separate entrances allowing for potential subleasing. The Palms Office Condominium complex offers well-maintained landscaping, ample parking, and ADA compliance. Its convenient location in Spring, Texas, provides easy access to The Woodlands, George Bush Intercontinental Airport (IAH), and major highways including 249, I-45, and 99. The property is zoned under the Palms Association Rule and is ideal for medical or professional office uses. The building features excellent natural lighting throughout. This property offers a strong return on investment, with comparable office spaces in the area leasing at $16-$18 per square foot annually plus NNN charges. However, due to the size of the building, a quick lease-up may not be guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $195,177

  6.5%

  $180,164

  7%

  $167,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $134,105

  Geo Method

  $212,567

• Alternative Use

  Use

  Valuation

  Residential

  $223,403

  Hospitality

  $204,636

  Educational

  $170,255

  Medical

  $176,110

  Retail

  $264,841

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0343

Longitude

-95.498

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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