Cypress Next Office
For Sale
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18747 Mueschke Road, Cypress, TX 77433
New office condominiums in Cypress, TX, coming soon!
Property Size1,215 SF
Lot Size3.00 Acres
Price / SF$261.73
Days on Market213
Property Features for 18747 Mueschke Road
General Information
Standard status
Active
Size
1,215 SF
Lot size
3.00 Acres
Property subtype
Office
Listing Agency:
Keller Williams Premier Realty Katy
Listed By:
Jimbo Homeyer · License #tx
Source:
Crexi
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 23 at 5:04AM
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 Keller Williams Premier Realty Katy
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Investment Insights
Based on property information with market context.
Cypress Next Office Condominiums are planned for a new commercial development, Cypress Next Business Park, located off Mueschke Rd & Juergen Rd, near Hwy 290 and Grand Parkway. Construction is scheduled to begin in Spring 2023. The complex will sit on 3 acres and accommodate 6 buildings, totaling 29,160 sq. ft. of office space. Individual office sizes range from 670 sq. ft. to 1,215 sq. ft., up to the entire building. Each unit will include 3-4 private offices, a reception area, a lounge/break room, and a restroom. A 400 sq. ft. community conference center will also be available. The business park aims to attract professional businesses, such as medical, financial, insurance, healthcare, med spa, real estate, title companies, law firms, and IT/tech support. The condo-style offices will feature high-end, designer-selected finishes. The building exterior will blend traditional and modern styles with sleek lines and smooth stucco and stone finishes. Structures and parking will be ADA compliant. Signage is allowed at the marquee and above the entrance door. Property management will maintain common areas, landscaping, signage, water/trash services, and building exteriors. Deed restrictions will be enforced. The location is surrounded by established neighborhoods, businesses, retail, and dining options.
Key Highlights
- Strategic location: close to Hwy 290 and Grand Parkway
- High‑end finishes: condo‑style offices with designer‑selected interior finishes
- Professional business environment ideal for medical, financial, legal, etc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,914
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,280
$318.3K
Cap Rate 7%
$227,343
$227.3K
Cap Rate 9%
$176,822
$176.8K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$28.0K $23.04/SF
− Vacancy
−$6.8K −$5.58/SF
EGI
$21.2K $17.46/SF
− OpEx
−$5.3K −$4.37/SF
NOI
$15.9K $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 Rate 5%
$318,280
Cap Rate 7%
$227,343
Cap Rate 9%
$176,822
Alternative Uses
Best Use
Office B
$227.3K
$198.9K – $265.2K
NOI $15,914 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - New office condominiums in Cypress, TX, coming soon!
Where is this office unit located?
The property is located at 18747 Mueschke Road Cypress, TX.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Strategic location: close to Hwy 290 and Grand Parkway; High‑end finishes: condo‑style offices with designer‑selected interior finishes; Professional business environment ideal for medical, financial, legal, etc.
