10113 Spring Place Drive

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10113 Spring Place Drive

Houston, TX 77070
Asking Price
$309K
Asset Type
Retail
Class
Class B

What's Special

10113 Spring Place Drive is located in Northwest Houston within the Willowbrook area. The property situated near the intersection of Perry Road and FM 1960, a major commercial thoroughfare characterized by high traffic volume and dense retail development. The surrounding neighborhood features a mix of established residential communities and large-scale shopping centers, including the Willowbrook Mall. Accessibility is provided via proximity to State Highway 249 and Beltway 8, offering connections to the broader Houston metropolitan area. Local amenities include diverse dining options, professional services, and high-density commercial hubs. The asset is suitable for retail use cases requiring high visibility and consistent consumer traffic. Ideal tenants include neighborhood-serving businesses such as specialty boutiques, discount retailers, or service-oriented providers like salons and dry cleaners. The property’s layout and location also support quick-service restaurants or small-scale fitness studios. Typical tenants for this submarket are often regional or local businesses seeking to leverage the established demographics of the Willowbrook trade area and the steady flow of commuters along the FM 1960 corridor.

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NOI
$80,000
Cap Rate
25.89%
DSCR
4.36
Strong
Cash-on-Cash
66.51%
Monthly Payment
$1,528.763
Annual Cash Flow
$61,654.839

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