Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Center in Cypress, Texas Title is generated by Realmo AI

    12700 GRANT ROAD, Cypress, TX 77429

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

    Retail center serving a large, expanding residential area.

    Type:Commercial
    Property size:
    32,000 SF
    Added:
    Apr 8, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 3 at 5:00 am

    Property Features for 12700 GRANT ROAD

    General Information

    Standard status
    Active
    Size
    32,000 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Sarah Thobae, CCIM

    Listing agent Sarah Thobae, CCIM

    Listing office

    Listing date Apr 8, 2026

    Source Weitzmangroup

    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 Sarah Thobae, CCIM

    HighLights

    • Fully leased investment opportunity.
    • Services over 30,000 homes in the trade area.
    • Located off 249 on Grant & Kluge in Cypress' Lakewood communities.
    • Directly across the street from Hamilton Middle School and Hamilton Elementary School.
    • Opportunity to capture diverse, under‑served retail demands.
    • Located in an intensely expanding trade area with strong disposable incomes.

    Overview

    This 32,000-square-foot retail center is located off 249 on Grant & Kluge in Cypress, Texas. The center serves the retail needs of over 30,000 homes in the immediate trade area. Hamilton Middle School and Hamilton Elementary School are located directly across the street. The property offers an opportunity to capture the diverse, under-served retail demands of an intensely expanding trade area with strong disposable incomes. The center is fully leased.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Kroger Towne Center — 13133 Louetta Rd, Cypress, TX 77429
    • Lakewood Towne Square — Grant Rd, Cypress, TX 77429
    • Grant Village Square — 12101 Grant Rd, Cypress, TX 77429, United States
    • Plazas at Longwood — 13215 Grant Rd, Cypress, TX 77429
    • North Eldridge Shopping Center — 12215 Grant Rd, Cypress, TX 77429

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.616269
    Latitude
    29.989011

    Nearby Similar for Lease

    • $1.55 SF/Yr
      33,475 SF

      Cypress Office Warehouse Suites Available

      Office warehouse suites for lease in Cypress, Texas.
      16910 - 16926 Telge Rd, Cypress, TX 77421
      View Details
    • $35 SF/Yr
      2,744 SF

      Retail Space Anchored by HEB

      Retail space with highway visibility and ample parking.
      24324 Northwest Fwy, Cypress, TX
      View Details
    • Contact for pricing
      35,112 SF

      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
      72,430 SF

      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
      7,252 SF

      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
      10,719 SF

      Class A Medical Office Building

      Six-story medical office building with ample parking and TI allowance.
      27700 Northwest Freeway, Cypress, TX, 77433
      View Details
    • Contact for pricing
      2,797 SF

      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
      14,112 SF

      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
      24,394 SF

      Cypress Retail Space Available

      Retail space available in Cypress with high traffic volume.
      8020 FRY ROAD, Cypress , TX 77433
      View Details
    • $45 SF/Yr
      15,000 SF

      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
    • Contact for pricing
      18,000 SF

      Cypress Mixed-Use Development Opportunity

      Mixed-use development for retail and medical use in Cypress.
      13330 Spring Cypress Rd, Cypress, TX 77429
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center serving a large, expanding residential area.
    Where is this shopping center located?
    The property is located at 12700 GRANT ROAD Cypress, TX.
    What are key features of this property?
    This property features: Fully leased investment opportunity.; Services over 30,000 homes in the trade area.; Located off 249 on Grant & Kluge in Cypress' Lakewood communities.
    (713) 781-7111
    We can help!
    Listing Contact
    Sarah Thobae, CCIM
    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
    12700 GRANT ROAD, Cypress , TX 77429
    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!