4413 Spring Cypress RdSpring, TX 77388

  • Warehouses
  • 11,268 SF
For Sale
$2,500,000 View listing

Property Details for 4413 Spring Cypress Rd

Year built
1968
Construction
METAL FRAME
Lot size
3.00 AC
Property size (Sq ft)
11,268 SF
Property type
Warehouses
APN
430740000024
APU
430740000024

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$19,895
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-
-
-
-
-
-

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