Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Class A Medical Office Building Title is generated by Realmo AI

    27700 Northwest Freeway, Cypress, TX 77433

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Six-story medical office building with ample parking and TI allowance.

    Type:Healthcare
    Property size:
    10,719 SF
    Added:
    Mar 25, 2026
    Days on Market:
    48
    Last Refresh:
    Mar 18 at 8:48 am

    Property Features for 27700 Northwest Freeway

    General Information

    Standard status
    Active
    Size
    10,719 SF
    Property subtype
    Healthcare

    We can help!

    Listing Contact
    Brandy Bellow Spinks

    Listing agent Brandy Bellow Spinks

    Listing office CBRE, Inc.

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE, Inc.

    HighLights

    • On campus, Memorial Hermann Cypress Hospital
    • Class A Medical Office Building
    • Abundant free surface parking
    • Significant TI Allowance available for shell spaces; Spec Suites available “as‑is”
    • Includes emergency center, wound care center, The University of Texas MD Anderson Cancer Center Breast Care with Memorial Hermann, Sports Medicine & Rehabilitation, and Diagnostic Laboratory
    • Located on Highway 290 between Mason Rd & Mueschke Rd

    Overview

    This is a 165,671 square foot, six-story, Class A medical office building. It is located on Highway 290 between Mason Road and Mueschke Road, on the campus of Memorial Hermann Cypress Hospital. The building features abundant free surface parking. Current tenants include an emergency center, wound care center, The University of Texas MD Anderson Cancer Center Breast Care with Memorial Hermann, Sports Medicine & Rehabilitation, and a diagnostic laboratory. A significant Tenant Improvement (TI) allowance is available for shell spaces, and spec suites are available 'as-is'. The property's size is 10,719 square feet.
    Location Intelligence

    Current Use by Public Records

    Houston Kidney Specialists ... Physician Studies in Dermatology Research Institute Dr. Mazen Abdallah, ... Physician Dr. Charles L. ... Physician Millennium Physicians - Rheumatology Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Animal ER of Northwest Houston — 27104 US-290 #107, Cypress, TX 77429

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.687865
    Latitude
    29.963225

    Nearby Similar for Lease

    • Contact for pricing

      Cypress Office Warehouse Suites Available

      Office warehouse suites for lease in Cypress, Texas.
      16910 - 16926 Telge Rd, Cypress, TX 77421
      View Details
    • Contact for pricing

      Retail Center in Cypress, Texas

      Retail center serving a large, expanding residential area.
      12700 GRANT ROAD, Cypress , TX 77429
      View Details
    • $35 SF/Yr

      Retail Space Anchored by HEB

      Retail space with highway visibility and ample parking.
      24324 Northwest Fwy, Cypress, TX
      View Details
    • Contact for pricing

      Renovated Medical Office Suites Available

      Medical office suites with high visibility and strong demographics.
      21216 Northwest Freeway, Cypress, TX, 77429
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Recently renovated medical office suites with strong demographics.
      21212 Northwest Freeway, Cypress, TX, 77429
      View Details
    • Contact for pricing

      Retail Space at Barker Cypress

      Retail space at signalized intersection near Highway 290.
      11403 Barker Cypress Rd | Cypress, TX 77433
      View Details
    • Contact for pricing

      Medical/Office Building with Gated Parking

      Two-story medical/office building featuring gated parking and security.
      12837 Louetta Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Office Space in Cypress, Texas

      Office space available for lease in Cypress, Texas.
      20203 Bridgeland Creek Pkwy, Cypress, TX 77433
      View Details
    • Contact for pricing

      Retail Space on Fry Road

      Retail space for lease with high traffic and income.
      7914 FRY RD., Cypress , TX 77433
      View Details
    • Contact for pricing

      Cypress Retail Space Available

      Retail space available in Cypress with high traffic volume.
      8020 FRY ROAD, Cypress , TX 77433
      View Details
    • Contact for pricing

      Cypress Mixed-Use Development Opportunity

      Mixed-use development for retail and medical use in Cypress.
      13330 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • $45 SF/Yr

      Retail Space in Master-Planned Community

      Speculative retail space available for lease in Cypress, TX.
      Bridge Creek Terrance Dr and Fry Rd, Cypress, TX
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Six-story medical office building with ample parking and TI allowance.
    Where is this medical office space located?
    The property is located at 27700 Northwest Freeway Cypress, TX.
    What are key features of this property?
    This property features: On campus, Memorial Hermann Cypress Hospital; Class A Medical Office Building; Abundant free surface parking
    (713) 577-1642
    We can help!
    Listing Contact
    Brandy Bellow Spinks
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    27700 Northwest Freeway, Cypress, TX, 77433
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!