Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space For Rent Title is generated by Realmo AI

    21212 Northwest Fwy, Cypress, TX 77429

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Recently renovated medical office suites with high visibility.

    Type:Office
    Added:
    Nov 16, 2022
    Days on Market:
    1300
    Last Refresh:
    May 12 at 9:06 pm

    Property Features for 21212 Northwest Fwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Angela Barber

    Listing agent Angela Barber License #TX 703601

    Listing office CBRE - Houston Galleria

    Listing date Nov 16, 2022

    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 CBRE - Houston Galleria

    HighLights

    • Located on the HCA North Cypress Medical Center campus
    • High visibility with over 123,000 average daily vehicles on US Route 290
    • Strong demographics: high average household income and privately insured population
    • Recently renovated medical‑office suites with upgraded lobby and high‑end finishes
    • Skyway connectivity to parking garage
    • Free valet parking

    Overview

    North Cypress Medical Plaza II, located at 21212 Northwest Freeway, offers recently renovated medical-office suites. The building is situated on the HCA North Cypress Medical Center campus, a 163-bed general acute care hospital serving communities along US Route 290. The property features an upgraded lobby and high-end common area finishes, along with free valet parking. North Cypress Medical Plaza II also provides skyway connectivity to a parking garage. Businesses in the North Cypress Medical Plaza buildings benefit from exposure to over 123,000 vehicles daily along US Route 290 and more than 15,000 vehicles daily along Huffmeister Road. The location provides easy access via multiple entry points. The surrounding area has a population of over 110,360 people within a three-mile radius, with an average household income of $101,607 and high rates of private insurance coverage.
    Location Intelligence

    Current Use by Public Records

    Aspire Allergy & Sinus Physician Gendi Sharon G ... Physician Sleep Resources of Houston Physician Ali Mazloom, MD Physician Neil Desai, DO Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Banfield Pet Hospital — 25829 US-290, Cypress, TX 77429
    • UrgentVet — 17515 Spring Cypress Rd Suite A, Cypress, TX 77429
    • HealthySmiles Pet Dental — 17445 Spring Cypress Rd F, Cypress, TX 77429
    • Eden's Holistic Veterinary Team — 17445 Spring Cypress Rd F, Cypress, TX 77429
    • Animal — 17455 Spring Cypress Rd, Cypress, TX 77429

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.701431
    Latitude
    29.973259

    Nearby Similar for Lease

    • $13 SF/Yr
      2,320 SF

      Cypress Flex Space Available

      Flex space in Cypress, TX, ideal for small businesses.
      14350 Cypress N Houston, Cypress, TX 77429
      View Details
    • $1.45 SF/Yr
      9,360 SF

      HVAC Warehouse with Grade Door

      Newer, fully insulated warehouse with built-in office space and HVAC for flexible light industrial use.
      17203 South Drive, Cypress, TX 77433
      View Details
    • $2,774/Mo
      1,698 SF

      Cypress Retail Space with Drive-Thru

      High-visibility end-cap unit with drive-thru in Cypress.
      7928 Fry Road, Cypress, TX 77433
      View Details
    • $1.55 SF/Yr
      33,475 SF

      Cypress Office Warehouse Suites Available

      Office warehouse suites for lease in Cypress, Texas.
      16910 - 16926 Telge Rd, Cypress, TX 77421
      View Details
    • Contact for pricing
      32,000 SF

      Retail Center in Cypress, Texas

      Retail center serving a large, expanding residential area.
      12700 GRANT ROAD, Cypress , TX 77429
      View Details
    • $35 SF/Yr
      2,744 SF

      Retail Space Anchored by HEB

      Retail space with highway visibility and ample parking.
      24324 Northwest Fwy, Cypress, TX
      View Details
    • Contact for pricing
      35,112 SF

      Renovated Medical Office Suites Available

      Medical office suites with high visibility and strong demographics.
      21216 Northwest Freeway, Cypress, TX, 77429
      View Details
    • Contact for pricing
      72,430 SF

      Medical Office Space For Rent

      Recently renovated medical office suites with strong demographics.
      21212 Northwest Freeway, Cypress, TX, 77429
      View Details
    • Contact for pricing

      Retail Space at Barker Cypress

      Retail space at signalized intersection near Highway 290.
      11403 Barker Cypress Rd | Cypress, TX 77433
      View Details
    • Contact for pricing
      7,252 SF

      Medical/Office Building with Gated Parking

      Two-story medical/office building featuring gated parking and security.
      12837 Louetta Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      9,360 SF

      Clearspan Warehouse with Office

      Fully insulated, HVAC-equipped warehouse with 3-phase power and optional build-to-suit office space for industrial operations.
      17203 South Drive, Cypress, TX 77433
      View Details
    • Contact for pricing
      10,719 SF

      Class A Medical Office Building

      Six-story medical office building with ample parking and TI allowance.
      27700 Northwest Freeway, Cypress, TX, 77433
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Recently renovated medical office suites with high visibility.
    Where is this medical office space located?
    The property is located at 21212 Northwest Fwy Cypress, TX.
    What are key features of this property?
    This property features: Located on the HCA North Cypress Medical Center campus; High visibility with over 123,000 average daily vehicles on US Route 290; Strong demographics: high average household income and privately insured population
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Angela Barber
    Real Estate License ID: TX 703601
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21212 Northwest Fwy, Cypress, TX 77429
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!