Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12215 Heatherwick Dr Cypress, TX 77429

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    10,000 SF Retail Center, 2 Suites Available

    Lot size:
    10,199 SF

    Property Features for 12215 Heatherwick Dr

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,199 SF
    Total Rate
    15298.5

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 12215 Heatherwick Dr, Cypress, TX 77429 Contact us
    Unit Suite 12211

    $18 /Mo

    Size
    1,000 SF
    Contact us
    Unit Suite 12203

    $18 /Mo

    Size
    1,000 SF
    Contact us

    We can help!

    Listing Contact
    Bill Havey
    Bill Havey

    Listing Agency: UTR Texas Realtors Listing Agent: Bill Havey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 10,199 square foot retail center, situated at 12215 Heatherwick Drive in Cypress, Texas, presents a compelling investment opportunity. Built in 1982 and located in the desirable Cypress/Vintage submarket of Harris County (zip code 77429), this multi-tenant property offers immediate income potential with two available suites totaling 2,000 square feet. The center's prime location provides excellent visibility and accessibility, making it an attractive destination for a variety of businesses. Each suite offers flexible space ideal for retail or office use. The property's strong location within the thriving Cypress/Vintage area ensures high foot traffic and a robust customer base. This is a rare chance to acquire a well-established retail center with significant upside potential. The existing tenants contribute to a stable income stream, while the available spaces provide the opportunity to increase revenue and customize the property to meet current market demands. The property's size and layout offer flexibility for a variety of uses, making it an ideal investment for both seasoned investors and those new to the commercial real estate market. Don't miss this chance to own a piece of Cypress's vibrant retail landscape. Contact us today to schedule a showing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Karen ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6061685
    Latitude
    29.9970699

    Nearby Similar for Lease

    • $1.55 SF/Yr

      Cypress Office Warehouse Suites Available

      Office warehouse suites for lease in Cypress, Texas.
      16910 Telge Rd, Cypress, TX 77421
      View Details
    • $3,500 /Mo
      29,859 SF

      Retail Space in Fairfield, Cypress

      New retail development with high visibility in a residential area.
      Mueschke Rd, Cypress, TX 77433
      View Details
    • $8 SF/Yr
      10,000 SF

      Cypress Retail Center Space Available

      Multi-tenant retail center with suites available for lease.
      12212 Cypress North Houston Rd, Cypress, TX 77429
      View Details
    • $12 SF/Yr
      1,230 SF

      Retail/Office Space in Cypress, TX

      Retail and office spaces available for lease in Cypress, TX.
      11041-11185 Huffmeister Rd, Cypress, TX 77429
      View Details
    • $1.25 SF/Yr

      Northwest Corridor Flex Space Available

      6,000 SF flex space for lease in Cypress, Texas.
      21239 Fm 529 Rd, Cypress, TX 77433
      View Details
    • Contact for pricing

      Office Warehouse For Lease

      Office warehouse space available for lease in Cypress, Texas.
      17675 Telge Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2,839 SF

      Restaurant/Retail Space on Huffmeister Road

      Restaurant or retail space with high visibility and ample parking.
      11265 Huffmeister Rd, Cypress, TX 77429
      View Details
    • $2.00 SF/Yr
      1,200 SF

      Cypress Retail Space For Lease

      Prime commercial space in Cypress, TX, with high visibility.
      17938 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Cy-Fair Plaza

      Retail space for lease in Northwest Houston neighborhood center.
      13203-13255 Jones Rd, Cypress, TX
      View Details
    • Contact for pricing

      Northwest Houston Warehouse Space

      6,750 SF warehouse with office space available for lease.
      17765 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2,381 SF

      Retail Space in Cypress, TX

      Retail space available for lease in Cypress, Texas.
      9212 Fry Rd, Cypress, TX 77433
      View Details

    FAQs

    What type of property is this?
    Retail property - 10,000 SF Retail Center, 2 Suites Available
    Where is this retail property located?
    The property is located at 12215 Heatherwick Dr Cypress, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 10,199 SF retail center in Cypress, TX (77429), built in 1982, with two 1,000 SF available suites.; Tenant improvement allowance available for long-term leases.; Located on the northwest corner of Louetta Rd and Heatherwick Dr, <2 miles west of SH 249.
    (281) 282-0935 Call to check price and availability
    Request Owner's contact information
    12215 Heatherwick Dr Cypress, TX 77429
    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.
    12215 Heatherwick Dr
    Cypress, TX 77429
    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
    12215 Heatherwick Dr Cypress, TX 77429
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Havey
    Bill Havey
    Real Estate License ID: TEXAS390387
    (281) 282-0935
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!