This exceptional 5-acre commercial property, located at 4413-4419 Spring Cypress Rd, Spring, TX 77388, in Harris County, presents a lucrative investment opportunity. Currently generating $84,000 in annual gross rental income ($7,000 per month), this flat, unrestricted land offers significant potential for various developments. Its prime location boasts +/- 442 feet of frontage on a 5-lane road, providing high visibility and easy access to Grand Parkway and Interstate 45. The site is ideal for retail, industrial, commercial, warehouse, self-storage, or multi-family projects. With no restrictions on growth and a strong demographic profile – a combined 247,498 residents within a 5-mile radius, exhibiting above-average household incomes – this property represents a compelling investment for developers and businesses alike. The asking price is $2,500,000, translating to a land value of $10.99 per square foot. This is a covered land play with significant upside potential. The property's strategic location and current income stream make it an attractive asset for long-term growth and profitability. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving Texas market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$3,545,500
Hospitality
$3,247,658
Educational
$2,702,014
Medical
$2,794,940
Retail
$4,203,132
Location Insight
City
Spring
County
Harris
State
Texas
Latitude
30.0532
Longitude
-95.4862
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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