Retail Strip
For Sale
Contact for pricing
11124 Cypress North Houston Rd, Houston, TX 77065
Retail center with Commercial zoning and access to major regional routes.
Property Size13,800 SF
Price / SF$173.91
Days on Market167
Property Features for 11124 Cypress North Houston Rd
General Information
Standard status
Active
Size
13,800 SF
Class
B
Property subtype
Office, Retail, Special Purpose
Zoning
Commercial
Lease Type
Net
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Year Renovated
2022
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(713) 876-2253
Listed By:
Nikki Nguyen · License #0599249
Source:
Crexi
Added: Mar 19
Changed: Aug 31
Last Checked: Aug 31 at 2:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This retail strip mall contains 13,800 square feet and was built in 2002. The property carries Commercial zoning and is positioned along Cypress North Houston Road in Houston, Texas.
The site is located at 11124 Cypress North Houston Rd, Houston, TX 77065, with access to Highway 290, Beltway 8, and FM 1960. Its setting includes surrounding residential communities and established retail uses, placing the property within an active commercial corridor.
The site is located at 11124 Cypress North Houston Rd, Houston, TX 77065, with access to Highway 290, Beltway 8, and FM 1960. Its setting includes surrounding residential communities and established retail uses, placing the property within an active commercial corridor.
Key Highlights
- 13,800‑square‑foot retail strip mall
- Built in 2002
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$187,123
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,742,460
$3.7M
Cap Rate 7%
$2,673,186
$2.7M
Cap Rate 9%
$2,079,144
$2.1M
Market Conditions
NOI Build-Up for 13,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$283.2K $20.52/SF
− Vacancy
−$15.9K −$1.15/SF
EGI
$267.3K $19.37/SF
− OpEx
−$80.2K −$5.81/SF
NOI
$187.1K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,742,460
Cap Rate 7%
$2,673,186
Cap Rate 9%
$2,079,144
Alternative Uses
Best Use
Retail
$2.67M
$2.34M – $3.12M
NOI $187,123 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,400 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 77065, TX
37,144
Population
17,110
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,530
Density / Sq Mi
$75,496
Median Household Income
$44,334
Median Earnings
$1,371
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Retail center with Commercial zoning and access to major regional routes.
Where is this strip mall located?
The property is located at 11124 Cypress North Houston Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 13,800‑square‑foot retail strip mall; Built in 2002; Commercial zoning
