16000 Stuebner Airline RdSpring, TX 77379

Property Details for 16000 Stuebner Airline Rd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.52 AC

Property size (Sq ft)

37,318 SF

Property type

Office buildings

APN

420860000009

APU

420860000009

Description

This single-story, 68,044-square-foot retail and restaurant center, built in 1984 and renovated in 2010, is located at 16000 Stuebner Airline Rd, Spring, TX 77379, near Cypresswood Dr. The Class B property sits on a 4.51-acre lot and offers multiple tenancy options with a minimum divisible space of 1,260 square feet and a maximum contiguous space of 6,398 square feet. Currently, 11,666 square feet of space is available. Available spaces include a 6,398-square-foot second-generation restaurant with a patio, a 1,260-square-foot white box space, and an 8,581-square-foot second-generation salon suite space on the second floor. The property features 336 parking spaces and is situated in the Northwest Houston submarket, specifically the Spring, TX cluster. The building has a 0.35 FAR and comprises nine total suites. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $10,258,631

  6.5%

  $9,469,505

  7%

  $8,793,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,048,613

  Geo Method

  $11,172,636

• Alternative Use

  Use

  Valuation

  Residential

  $11,742,186

  Hospitality

  $10,755,780

  Educational

  $8,948,682

  Medical

  $9,256,441

  Retail

  $13,920,172

Location Insight

City

Spring

County

Harris

State

Texas

Latitude

30.0117

Longitude

-95.5149

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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