Houston Shopping Center For
For Sale
$21,410,000
70 Cypress Creek Pkwy, Houston, TX 77090
137,565 square foot shopping center on 12.19 acres.
Property Size137,565 SF
Lot Size12.19 Acres
Price / SF$155.64
Days on Market203
Property Features for 70 Cypress Creek Pkwy
General Information
Standard status
Active
Size
137,565 SF
Lot size
12.19 Acres
Property subtype
Shopping Strip
Amenities
Day One Positive Cashflow
Significant Value-Add Potential: 9 Percent Vacancy | Below Market In-Place Rents | Ample Land May Allow for Further Development or Leasing | Scheduled Rent Increases in Current Lease Term or Options
Irreplaceable Location: Northwest Corner of Interstate 45 and FM 1960 Road (over 275,000 Vehicles Per Day)
Strong Tenant Lineup: Tenants include Milan Institute, DaVita Dialysis, Hibbett Sports, Workforce Solutions, Pollo Campero, Dollar Tree, GNC, UPS Store, Cilantro Cocina, Rent-a-Tire, and more.
Building Details
Building Size
137,565 SF
Year Built
1986
Listing Agency:
Houston Office
(713) 452-4200
Listed By:
Alex Wolansky, CCIM · License #TX: 702899
(713) 452-4292
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:18PM
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 Houston Office
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Investment Insights
Based on property information with market context.
Cypress Station Square is a 137,565 square foot shopping center located at the northwest corner of Interstate 45 and FM 1960 Road in Houston, Texas. The retail center and retail pad sites occupy 12.19 acres, featuring approximately 850 feet of frontage on Cypress Creek Parkway (FM 1960 Road). Cypress Creek Parkway sees approximately 75,000 vehicles per day, while Interstate 45 experiences over 200,000 vehicles per day. The property has a strong lineup of diverse, internet-resistant tenants with staggered leases, including Milan Institute, DaVita Dialysis, Hibbett Sports, Workforce Solutions, Pollo Campero, Dollar Tree, GNC, UPS Store, Cilantro Cocina, and Rent-a-Tire.
Key Highlights
- High‑traffic location at the intersection of Interstate 45 and FM 1960 Road, with approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45.
- Diverse tenant mix with staggered leases, including anchors like Milan Institute, DaVita Dialysis, Hibbett Sports, and Dollar Tree, providing internet‑resistant income streams.
- Immediate positive cash flow potential, even in the current interest rate environment, coupled with opportunities to increase revenue through leasing vacant units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,865,329
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,306,580
$37.3M
Cap Rate 7%
$26,647,557
$26.6M
Cap Rate 9%
$20,725,878
$20.7M
Market Conditions
NOI Build-Up for 137,565 SF
Gross rent
$2.82M $20.52/SF
− Vacancy
−$158.1K −$1.15/SF
EGI
$2.66M $19.37/SF
− OpEx
−$799.4K −$5.81/SF
NOI
$1.87M $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,306,580
Cap Rate 7%
$26,647,557
Cap Rate 9%
$20,725,878
Alternative Uses
Best Use
Retail
$26.65M
$23.32M – $31.09M
NOI $1,865,329 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.37M
$30.95M – $41.27M
NOI $2,476,170 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
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Market
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Pallets Merchandise — 16745 North Fwy, Houston, TX 77090
- Botanica — 850 Cypress Creek Pkwy, Houston, TX 77090
- Cypress Pointe — 360 Cypress Creek Pkwy, Houston, TX 77090
- Coinstar Kiosk | Bitcoin ATM — Kroger - Houston, 360 Farm to Market 1960 Rd W, Houston, TX 77090
- Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 111 Cypress Creek Pkwy Ste A, Houston, TX 77090
Frequently Asked Questions
What type of property is this?
Shopping center - 137,565 square foot shopping center on 12.19 acres.
Where is this shopping center located?
The property is located at 70 Cypress Creek Pkwy Houston, TX.
What is the asking price?
The asking price for this property is $21,410,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Interstate 45 and FM 1960 Road, with approximately 75,000 vehicles per day on Cypress Creek Parkway and over 200,000 vehicles per day on Interstate 45.; Diverse tenant mix with staggered leases, including anchors like Milan Institute, DaVita Dialysis, Hibbett Sports, and Dollar Tree, providing internet‑resistant income streams.; Immediate positive cash flow potential, even in the current interest rate environment, coupled with opportunities to increase revenue through leasing vacant units.
