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High-Visibility Retail Center Investment Opportunity

18039 FM 529, Houston, TX 77433

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For Sale

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Fully occupied retail center in Cypress, Texas, with diversified tenants.

Type:Retail

Property size:

10,392 SF

Lot size:

0.92 Acres

Price / SF:

$264/SF

Contact for Pricing

Please call us for current price
and status of this listing

Serene Wong

Real Estate License ID: 0688577

HighLights

100% Occupancy: Provides immediate and stable in‑place cash flow.
Strategic Location: High‑visibility on FM 529 Rd in the Far Katy North submarket of Cypress, Texas, with strong traffic counts.
Diversified Tenant Mix: Includes national and local brands like Cricket Wireless and Pope Express Tire Shop, reducing risk.
Reinforced Concrete Construction: Built in 2008, ensuring durability and low maintenance.
Future Upside: Potential for increased revenue through future rent escalations.
Ample Parking: 44 surface parking spaces available for customers.

Learn more

For Sale

Contact for pricing

Fully occupied retail center in Cypress, Texas, with diversified tenants.

Type:Retail

Property size:

10,392 SF

Lot size:

0.92 Acres

Price / SF:

$264/SF

Added:: Jul 9, 2025
Days on Market:: 338
Last Refresh:: Mar 17 at 1:20 pm

Property Features for 18039 FM 529

General Information

Standard status: Active
Size: 10,392 SF
Lot size: 0.92 Acres
Property subtype: Retail

Building Details

Year Built: 2008

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Listing Contact

Serene Wong

Listing agent Serene Wong License #0688577

Listing office SKW Realty

Listing date Jul 9, 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 SKW Realty

HighLights

100% Occupancy: Provides immediate and stable in‑place cash flow.
Strategic Location: High‑visibility on FM 529 Rd in the Far Katy North submarket of Cypress, Texas, with strong traffic counts.
Diversified Tenant Mix: Includes national and local brands like Cricket Wireless and Pope Express Tire Shop, reducing risk.
Reinforced Concrete Construction: Built in 2008, ensuring durability and low maintenance.
Future Upside: Potential for increased revenue through future rent escalations.
Ample Parking: 44 surface parking spaces available for customers.

Overview

The property at 18039 FM 529 Rd is a retail center investment opportunity located in Cypress, Texas. Constructed in 2008, the property features reinforced concrete construction. The retail center has a size of approximately 10,392 square feet and is situated on approximately 0.92 acres of land. The property benefits from its location along FM 529 Rd, offering 69 feet of frontage and strong traffic counts. There are 44 surface parking spaces available. The retail center is currently 100% occupied with a diversified tenant mix, including both national and local brands such as Cricket Wireless, Red Myrtle, and Pope Express Tire Shop. This tenant mix provides income diversity across service-based and retail sectors. The property offers stable in-place cash flow and potential upside through future rent escalations.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$213.2k	$20.52
− Vacancy	−$11.9k	−$1.15
EGI	$201.3k	$19.37
− OpEx	−$60.4k	−$5.81
NOI	$140.9k	$13.56

10,392 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.01M

$1.76M – $2.35M (±1% cap)

NOI $140,912 @ 7.0% cap · market cap 5.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $187,056 @ 7.0% cap · market cap 6.80%

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

Location Intelligence

Current Use by Public Records

Barker Cypress Medical ... Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.682341
Latitude: 29.87983

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For sale
Strip malls
TX
Houston
77433
18039 FM 529

What type of property is this?

Strip mall - Fully occupied retail center in Cypress, Texas, with diversified tenants.

Where is this strip mall located?

The property is located at 18039 FM 529 Houston, TX.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate and stable in‑place cash flow.; Strategic Location: High‑visibility on FM 529 Rd in the Far Katy North submarket of Cypress, Texas, with strong traffic counts.; Diversified Tenant Mix: Includes national and local brands like Cricket Wireless and Pope Express Tire Shop, reducing risk.