5020 Louetta RdSpring, TX 77379

Property Details for 5020 Louetta Rd

Year built

2000

Construction

CONCRETE BLOCKS

Lot size

0.62 AC

Property size (Sq ft)

11,338 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1163090000002

APU

1163090000002

Description

This exceptional 10,230 square foot retail property, located at 5020 Louetta Rd in Spring, Texas, presents a unique leasing opportunity. Built in 2000, this single-story Class B building sits on a 27,775 square foot lot in Harris County (APN: 1163090000002) and offers multiple tenancy options. Currently, 5,141 square feet are vacant, divisible into spaces ranging from 1,600 to a maximum contiguous 1,835 square feet. The property's strategic location provides high visibility and easy access to major thoroughfares, making it ideal for a variety of retail businesses. Existing infrastructure, including fixtures and fittings, offers significant potential for a quick and efficient setup. This is a second-generation space ready for immediate occupancy. The property's convenient location in Spring, TX 77379, combined with its versatile layout and ample square footage, makes it an attractive option for businesses seeking a strong retail presence in a thriving community. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,581,680

  6.5%

  $4,229,244

  7%

  $3,927,155

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,396,626

  Geo Method

  $8,554,099

• Alternative Use

  Use

  Valuation

  Residential

  $3,567,525

  Hospitality

  $3,267,834

  Educational

  $2,718,800

  Medical

  $2,812,303

  Retail

  $4,229,244

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0389

Longitude

-95.4921

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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