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Class A Medical Office Building
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27700 Northwest Freeway, Cypress, TX 77433

Six-story medical office building with ample parking and TI allowance.

Space SizeContact for details
Days on Market153

Property Features for 27700 Northwest Freeway

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE, Inc.
Listed By: Brandy Bellow Spinks
Source: Cbre
Added: Mar 25 Changed: Aug 24 Last Checked: Aug 23 at 8:47AM

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 CBRE, Inc.

Investment Insights

Based on property information with market context.

This is a 165,671 square foot, six-story, Class A medical office building. It is located on Highway 290 between Mason Road and Mueschke Road, on the campus of Memorial Hermann Cypress Hospital. The building features abundant free surface parking. Current tenants include an emergency center, wound care center, The University of Texas MD Anderson Cancer Center Breast Care with Memorial Hermann, Sports Medicine & Rehabilitation, and a diagnostic laboratory. A significant Tenant Improvement (TI) allowance is available for shell spaces, and spec suites are available 'as-is'. The property's size is 10,719 square feet.

Key Highlights

  • On campus, Memorial Hermann Cypress Hospital
  • Class A Medical Office Building
  • Abundant free surface parking

Property Analytics

Current Use

Houston Kidney Specialists ... Physician Studies in Dermatology Research Institute Dr. Mazen Abdallah, ... Physician Dr. Charles L. ... Physician Millennium Physicians - Rheumatology Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store Florist Furniture & Home Goods Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

652
Businesses Nearby
Well-served
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Six-story medical office building with ample parking and TI allowance.
Where is this medical office space located?
The property is located at 27700 Northwest Freeway Cypress, TX.
What are key features of this property?
This property features: On campus, Memorial Hermann Cypress Hospital; Class A Medical Office Building; Abundant free surface parking
More about this property
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