Houston Shopping Center For
70 Cypress Creek Pkwy Houston, TX 77090
70 Cypress Creek Pkwy, Houston, TX, 77090
$20,750,000
For Sale
$20,750,000
137,565 square foot shopping center on 12.19 acres.
Property Size137,565 SF
Lot Size12.19 Acres
Price / SF$150.84
Days on Market111
Property Features for 70 Cypress Creek Pkwy
General Information
- Standard status
- Active
- Size
- 137,565 SF
- Lot size
- 12.19 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1986
Listing agency
Houston Office
(713) 452-4292
Listed by
Alex Wolansky, CCIM · License #License(s): TX: 702899
(713) 452-4292
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:08AM
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 Houston Office
Investment Insights
Based on property information with market context.
Cypress Station Square is a 137,565 square foot shopping center located at the northwest corner of Interstate 45 and FM 1960 Road in Houston, Texas. The retail center and retail pad sites occupy 12.19 acres, featuring approximately 850 feet of frontage on Cypress Creek Parkway (FM 1960 Road). Cypress Creek Parkway sees approximately 75,000 vehicles per day, while Interstate 45 experiences over 200,000 vehicles per day. The property has a strong lineup of diverse, internet-resistant tenants with staggered leases, including Milan Institute, DaVita Dialysis, Hibbett Sports, Workforce Solutions, Pollo Campero, Dollar Tree, GNC, UPS Store, Cilantro Cocina, and Rent-a-Tire.
Key Highlights
- High‑traffic location at the intersection of Interstate 45 and FM 1960 Road, with approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45.
- Diverse tenant mix with staggered leases, including anchors like Milan Institute, DaVita Dialysis, Hibbett Sports, and Dollar Tree, providing internet‑resistant income streams.
- Immediate positive cash flow potential, even in the current interest rate environment, coupled with opportunities to increase revenue through leasing vacant units.
Local Financial Insights For Retail
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 | $2.82M | $20.52 |
| − Vacancy | −$158.1k | −$1.15 |
| EGI | $2.66M | $19.37 |
| − OpEx | −$799.4k | −$5.81 |
| NOI | $1.87M | $13.56 |
137,565 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$26.65M
$23.32M – $31.09M
NOI $1,865,329 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.37M
$30.95M – $41.27M
NOI $2,476,170 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 111 Cypress Creek Pkwy Ste A, Houston, TX 77090
- Cypress Pointe — 360 Cypress Creek Pkwy, Houston, TX 77090
- Pallets Merchandise — 16745 North Fwy, Houston, TX 77090
- Botanica — 850 Cypress Creek Pkwy, Houston, TX 77090
- Coinstar Kiosk | Bitcoin ATM — Kroger - Houston, 360 Farm to Market 1960 Rd W, Houston, TX 77090
FAQs
What type of property is this?
Shopping center - 137,565 square foot shopping center on 12.19 acres.
Where is this shopping center located?
The property is located at 70 Cypress Creek Pkwy Houston, TX.
What is the asking price?
The asking price for this property is $20,750,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Interstate 45 and FM 1960 Road, with approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45.; Diverse tenant mix with staggered leases, including anchors like Milan Institute, DaVita Dialysis, Hibbett Sports, and Dollar Tree, providing internet‑resistant income streams.; Immediate positive cash flow potential, even in the current interest rate environment, coupled with opportunities to increase revenue through leasing vacant units.
