Cypress Office Condo For
For Sale
Contact for pricing
Pending
17844 Mound Rd, Cypress, TX 77433
New, high-end office condo near Towne Lake and Bridgeland.
Property Size625 SF
Days on Market774
Property Features for 17844 Mound Rd
General Information
Standard status
Pending
Size
625 SF
Property subtype
Office
Building Details
Year Built
2024
Stories
1
Listing Agency:
Texas Ally Real Estate Group LLC
Listed By:
Raquel Silva · License #Texas 543882
Source:
Crexi
Added: Jul 1, 2024
Changed: Aug 11
Last Checked: Aug 12 at 5:34AM
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 Texas Ally Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 625 square foot office condo features a new, high-end design with fine finishes. The layout includes a spacious reception area, good-sized offices, a restroom, and a kitchenette. A fully furnished conference room is also available. The property offers ample parking spaces. Located in Cypress, the office condo is in close proximity to the Towne Lake and Bridgeland shopping and dining areas, providing convenient access to amenities. It also offers easy access to 290, Beltway 8, and Grand Parkway 99.
Key Highlights
- Brand new construction (2024) with high‑end design and fine finishes.
- Excellent location in Cypress with easy access to 290, Beltway 8, and Grand Parkway 99.
- Close proximity to Towne Lake and Bridgeland shopping and dining.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,186
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$163,720
$163.7K
Cap Rate 7%
$116,943
$116.9K
Cap Rate 9%
$90,956
$91.0K
Market Conditions
NOI Build-Up for 625 SF
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.
Gross rent
$14.4K $23.04/SF
− Vacancy
−$3.5K −$5.58/SF
EGI
$10.9K $17.46/SF
− OpEx
−$2.7K −$4.37/SF
NOI
$8.2K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$163,720
Cap Rate 7%
$116,943
Cap Rate 9%
$90,956
Alternative Uses
Best Use
Office B
$116.9K
$102.3K – $136.4K
NOI $8,186 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$170.7K
$149.3K – $199.1K
NOI $11,946 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 77433, TX
106,663
Population
34,420
Households
3.1
Avg Household Size
34
Median Age
52%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$137,348
Median Household Income
$64,583
Median Earnings
$1,904
Median Rent
$384,400
Median Home Value
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 units - New, high-end office condo near Towne Lake and Bridgeland.
Where is this office units located?
The property is located at 17844 Mound Rd Cypress, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Brand new construction (2024) with high‑end design and fine finishes.; Excellent location in Cypress with easy access to 290, Beltway 8, and Grand Parkway 99.; Close proximity to Towne Lake and Bridgeland shopping and dining.
