Cypress Office Building For
For Sale
Contact for pricing
14815 Cypress North Houston Road, Cypress, TX
8,836 SF office building with shell space on 1.74 acres.
Property Size8,836 SF
Lot Size1.34 Acres
Price / SF$282.93
Days on Market1126
Property Features for 14815 Cypress North Houston Road
General Information
Standard status
Active
Size
8,836 SF
Lot size
1.34 Acres
Property subtype
OFFICE
Listing Agency:
Brenda Pennington Commercial
(713) 621-5050
Listed By:
Brenda Pennington · License #341099
(713) 621-5050
Source:
Moodyscre
Added: Jul 7, 2023
Changed: Jul 10
Last Checked: Jul 21 at 4:02AM
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 Brenda Pennington Commercial
Investment Insights
Based on property information with market context.
This 8,836 square foot office building is situated on 1.74 acres, which includes an adjacent 17,489 square foot side lot. The building features 5,836 square feet of occupied space and 3,000 square feet of shell space. There are 32 parking spaces available. The property benefits from its convenient location, providing easy access to Highway 290 N, Highway 6, Beltway 8, and Grand Parkway 99.
Key Highlights
- Excellent Location: Convenient access to Highway 290 N, Highway 6, Beltway 8, and Grand Parkway 99.
- Substantial Building Size: 8,836 SF building with 5,836 SF currently occupied.
- Development Potential: Includes a 1.74‑acre lot with an adjacent 17,489 SF side lot.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.6k | $23.04 |
| − Vacancy | −$49.3k | −$5.58 |
| EGI | $154.3k | $17.46 |
| − OpEx | −$38.6k | −$4.37 |
| NOI | $115.7k | $13.10 |
8,836 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,736 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,888 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 8,836 SF office building with shell space on 1.74 acres.
Where is this office building located?
The property is located at 14815 Cypress North Houston Road Cypress, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Excellent Location: Convenient access to Highway 290 N, Highway 6, Beltway 8, and Grand Parkway 99.; Substantial Building Size: 8,836 SF building with 5,836 SF currently occupied.; Development Potential: Includes a 1.74‑acre lot with an adjacent 17,489 SF side lot.
