2111 Rayford RdSpring, TX 77386

Property Details for 2111 Rayford Rd

Year built

2003

Lot size

1.73 AC

Property size (Sq ft)

14,605 SF

Zone code

6

Property type

Retail space

APN

6115-00-25700

APU

61150025700

Description

Imperial Oaks Shopping Center, located at 2111 Rayford Rd, Spring, TX 77386, presents a unique opportunity for retail businesses. This 4,657 square foot shopping center in Montgomery County is currently 100% vacant, offering a single, large space ideal for a variety of uses. The property is strategically positioned at the northeast corner of Rayford Road and Imperial Oaks Boulevard, providing excellent visibility and accessibility. Its prime location at the main entrance to the Imperial Oaks and Legend's Run subdivisions, with over 8,500 homesites, ensures a substantial potential customer base. The area boasts significant population growth, experiencing a 46% increase within a 3-mile radius since 2010, indicating a strong and expanding market. Further enhancing its appeal, Rayford Road has recently undergone improvements, now featuring six full lanes for increased traffic flow and accessibility. This retail space offers exceptional potential for businesses seeking to capitalize on the thriving commercial landscape of this high-growth area. The property is a single suite within a larger shopping center anchored by Kroger.

• CAP approach

  CAP return

  Valuation

  6%

  $5,901,874

  6.5%

  $5,447,884

  7%

  $5,058,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,951,642

  Geo Method

  $11,018,929

• Alternative Use

  Use

  Valuation

  Residential

  $4,595,494

  Hospitality

  $4,209,448

  Educational

  $3,502,211

  Medical

  $3,622,657

  Retail

  $5,447,884

Location Insight

City

Spring

County

Montgomery

State

Texas

Latitude

30.1239

Longitude

-95.4097

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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