Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fully Leased Retail Investment Opportunity Title is generated by Realmo AI

    13615 Kluge Rd, Cypress, TX 77429

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

    Multi-tenant retail center in Cypress, TX, 100% leased.

    Type:Retail
    Property size:
    13,500 SF
    Price / SF:
    $226/SF
    Added:
    Sep 13, 2025
    Days on Market:
    241
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 13615 Kluge Rd

    General Information

    Standard status
    Active
    Size
    13,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Tripp Kimball
    Tripp Kimball

    Listing agent Tripp Kimball License #TX 533691

    Listing office The Blue Ox Group

    Listing date Sep 13, 2025

    Source Crexi

    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 The Blue Ox Group

    HighLights

    • 100% Leased Multi‑Tenant Investment Opportunity
    • Located in a High‑Growth Area: Cypress, TX (Houston MSA)
    • Internet Resistant Tenant Mix (Service and Fitness Focused)
    • Potential Phase II Development Opportunity (±8,000‑9,000 SF)
    • Additional Land Included for Expansion
    • Built in 2014

    Overview

    Kluge Lakes Center is a fully leased, multi-tenant retail investment opportunity situated at the northeast corner of Kluge Road and Huffmeister Road in Cypress, Texas, within the Houston metropolitan statistical area. The property has a total size of 13500 square feet. The tenant mix is resistant to internet commerce, offering service and fitness options to the immediate and surrounding communities. The sale includes additional land, presenting a potential Phase II development opportunity to add approximately 8,000 to 9,000 square feet, increasing the gross leasable area. Repositioning the on-site detention area could accommodate additional parking requirements if the square footage is expanded.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tile Grout Cleaning ... General Contractor CrossFit GBAR3 Gym & Fitness Center Pam Castellanos - NextMortgage Loan Service Ashley Compton-Winters, Realtor Real Estate Agency Jennifer Dwight Realtor Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.634544
    Latitude
    29.972935

    Nearby Similar for Sale

    • $5,200,000

      Space City Car Wash Express

      Car wash business with express tunnel and detailing services.
      17955 Huffmeister Road, Cypress, TX 77429
      View Details
    • $4,530,000
      10,200 SF

      Highway 290 Retail Investment Opportunity

      10,200 SF retail center in Cypress, TX. 100% occupied.
      25402 Northwest Fwy, Cypress, TX 77429
      View Details
    • Contact for pricing
      5,007 SF

      NNN Leased Chick-fil-A Investment

      Absolute NNN leased Chick-fil-A investment property in Cypress, Texas.
      14011 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Retail Investment at Malcomson Center

      Prime retail location with high traffic and strong consumer base.
      12910 Malcomson Road, Cypress, TX 77429
      View Details
    • $215,000
      625 SF

      Luxury Executive Office Condo

      Recently built 625 sqft office condo near US Hwy 290.
      17844 Mound Rd, Unit J, Cypress, TX
      View Details
    • $2,300,000
      1,100 SF

      Equestrian Property with Income Potential

      Income-producing equestrian property on 2.91 acres near major highways.
      11350 Grant Road, Cypress, TX 77429
      View Details
    • $4,731,000
      10,200 SF

      Highway 290 Shopping Center

      A 10,200 SF retail center in Cypress, Texas.
      25402 Northwest Fwy, Cypress, TX 77429
      View Details
    • Contact for pricing
      22,500 SF

      Juergen Road Business Park Opportunity

      Business park with multiple buildings available for sale.
      19615 Juergen Road, Cypress, TX
      View Details
    • Contact for pricing
      1,700 SF

      Move-In Ready Retail Space Available

      Vacant retail space ideal for dance or children-oriented business.
      12910-12918 Malcomson Road, Cypress, TX
      View Details
    • $148,000
      675 SF

      Cypress Office Space For Sale

      Office space featuring a conference room, kitchen, and private bathroom.
      11123-11123 Mccracken Circle, Cypress, TX
      View Details
    • $2,500,000
      7,050 SF

      Mueschke Road Auto Repair Facility

      7,050 SF metal building on 34,000 SF land.
      16326 Mueschke Road, Cypress, TX 77433
      View Details
    • $5,200,000
      4,944 SF

      Space City Car Wash Express

      Car wash with conveyor tunnel and vacuum stations for sale.
      17955 Huffmeister Road, Cypress, TX 77429
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center in Cypress, TX, 100% leased.
    Where is this shopping center located?
    The property is located at 13615 Kluge Rd Cypress, TX.
    What is the asking price?
    The asking price for this property is $3,054,000.
    What are key features of this property?
    This property features: 100% Leased Multi‑Tenant Investment Opportunity; Located in a High‑Growth Area: Cypress, TX (Houston MSA); Internet Resistant Tenant Mix (Service and Fitness Focused)
    (713) 324-8862 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tripp Kimball
    Tripp Kimball
    Real Estate License ID: TX 533691
    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
    13615 Kluge Rd, 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!