Medical Office Shell
9253 Fry Rd, Cypress, TX 77433
For Sale
Contact for pricing
A 2,925-square-foot shell offers a flexible starting point for a professional or medical practice.
Property Size2,925 SF
Price / SF$468.38
Days on Market8
Property Features for 9253 Fry Rd
General Information
Standard status
Size
Additional Details
Condition
Listing Agency:
Texas CRES
(281) 898-0895
Listed By:
Joel C. English · License #TX 465800
(713) 473-7200
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 8:12AM
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 Texas CRES
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Investment Insights
Based on property information with market context.
This 2,925-square-foot medical office property is offered in shell condition at Fry Road and Bridge Creek Terrace in Cypress. Deed restrictions govern the development, which is planned for professional and medical businesses. Owners may occupy part of their building and lease the balance to another tenant.
The site is near the Bridgeland master-planned community and major retailers and services, including Costco, Walmart, H-E-B, CVS, and Starbucks. Fry Road carries nearly 30,000 vehicles per day. No detention is required.
The site is near the Bridgeland master-planned community and major retailers and services, including Costco, Walmart, H-E-B, CVS, and Starbucks. Fry Road carries nearly 30,000 vehicles per day. No detention is required.
Key Highlights
- 2,925‑square‑foot medical office shell
- At Fry Road and Bridge Creek Terrace in Cypress
- Nearly 30,000 vehicles per day on Fry Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,988
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,760
$919.8K
Cap Rate 7%
$656,971
$657.0K
Cap Rate 9%
$510,978
$511.0K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$89.9K $30.72/SF
− Vacancy
−$13.2K −$4.52/SF
EGI
$76.6K $26.20/SF
− OpEx
−$30.7K −$10.48/SF
NOI
$46.0K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,760
Cap Rate 7%
$656,971
Cap Rate 9%
$510,978
Alternative Uses
Best Use
Healthcare Medical
$657.0K
$574.9K – $766.5K
NOI $45,988 @ 7.0% cap · market cap 3.36%
Second Best
Office B
$547.3K
$478.9K – $638.5K
NOI $38,312 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$798.7K
$698.8K – $931.8K
NOI $55,907 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Properties on Market for Medical Office Space in Harris County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 2,925-square-foot shell offers a flexible starting point for a professional or medical practice.
Where is this medical office space located?
The property is located at 9253 Fry Rd Cypress, TX.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: 2,925‑square‑foot medical office shell; At Fry Road and Bridge Creek Terrace in Cypress; Nearly 30,000 vehicles per day on Fry Road
