16116 Stuebner Airline RdSpring, TX 77379

Property Details for 16116 Stuebner Airline Rd

Year built

1978

Construction

CONCRETE BLOCKS

Lot size

1.05 AC

Property size (Sq ft)

11,796 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

420860000013

APU

420860000013

Description

This exceptional 16,300-square-foot retail property, located at 16116 Stuebner Airline Rd, Spring, TX 77379, presents a unique investment opportunity in the Northwest Houston submarket. Built in 1986 and renovated in 2019, this single-story, Class B building sits on a 1.05-acre lot and offers multiple tenancy options. The property features 62 parking spaces and is conveniently located near Cypresswood Dr. Currently, the entire 16,300 square feet is vacant, offering significant flexibility for a single tenant or multiple occupants. Divisible spaces start at 1,600 square feet, with a maximum contiguous space of 7,015 square feet. A 5,000-square-foot turnkey gym space is also available. The building has a floor area ratio (FAR) of 0.35 and comprises three suites in total. This prime retail location in the Spring, TX submarket cluster provides excellent visibility and accessibility, making it an ideal space for a variety of businesses. The property's recent renovation ensures modern amenities and functionality. Don't miss this chance to secure a prominent retail space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,766,758

  6.5%

  $4,400,084

  7%

  $4,085,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,614,623

  Geo Method

  $8,899,643

• Alternative Use

  Use

  Valuation

  Residential

  $3,711,636

  Hospitality

  $3,399,838

  Educational

  $2,828,626

  Medical

  $2,925,906

  Retail

  $4,400,084

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0126

Longitude

-95.5157

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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