527 Oak Hill DrSpring, TX 77386

Property Details for 527 Oak Hill Dr

Year built

2020

Construction

CONCRETE BLOCKS

Lot size

1.16 AC

Property size (Sq ft)

7,200 SF

Zone code

6

Property type

Grocery and convenience stores

APN

7512-00-04900

APU

75120004900

Description

This exceptional 6,600 square foot retail property in Spring, Texas, offers an unparalleled opportunity for businesses seeking high visibility and accessibility. Built in 2021, this Class B building boasts a single story with 1,800 square feet of immediately available space, perfect for multiple tenants. The property sits on 1.055 acres of land and is conveniently located at 527 E Oak Hill Dr, Spring, TX 77386, near the intersection of Hanna Road. Its strategic location ensures high traffic volume, exceeding 20,000 vehicles daily. The property's proximity to The Woodlands, Spring, and Conroe, coupled with its placement within the rapidly expanding Oak Ridge North neighborhood, guarantees a robust customer base. Surrounded by residential areas, schools, churches, and sports complexes, this location offers unparalleled convenience and exposure. The property also features a drive-thru option, further enhancing its appeal and functionality. Two spaces are currently available, ranging from 800 to 1,000 square feet each, providing flexibility for various business needs. Don't miss this chance to establish your business in a thriving community with exceptional visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $2,304,600

  6.5%

  $2,127,320

  7%

  $1,975,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,414,330

  Geo Method

  $2,241,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,192,900

  Mixed-Use / Specialty

  $2,101,790

  Hospitality / Lodging

  $1,518,650

  Office

  $2,070,610

  Institutional / Educational

  $2,178,600

  Residential Income

  $2,548,970

  Multifamily

  $3,156,580

  Automotive / Energy

  $1,867,370

  Parking / Income-Based Land

  $662,138

  Restaurant / Food Service

  $1,054,860

  Healthcare / Senior Housing

  $2,173,750

Location Insight

City

Spring

County

Montgomery

State

Texas

Latitude

30.1527

Longitude

-95.436

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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