Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    FM 529 Corner Land Title is generated by Realmo AI

    19219 FM 529, Cypress, TX 77433

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic corner lot suitable for retail, storage, or medical.

    Type:Land
    Added:
    Apr 22, 2024
    Days on Market:
    750
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 19219 FM 529

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Hossein Farshchi

    Listing agent Hossein Farshchi License #TX

    Listing office AJ Elite Commercial

    Listing date Apr 22, 2024

    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 AJ Elite Commercial

    HighLights

    • High traffic location at the corner of FM 529 and Greenhouse Road.
    • Densely populated area.
    • Great location for Retail Center.
    • Suitable for Self Storage.
    • Suitable for Medical.

    Overview

    Located at the corner of FM 529 and Greenhouse Road, this property benefits from high traffic and a densely populated surrounding area. The site is suitable for the development of a retail center, self-storage facility, or medical complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Phillips 66 Gas Station Amazon Locker - Advent Postal Service Circle K Car Wash Circle K | Car ... Car Wash Bitcoin Depot ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.70292
    Latitude
    29.879766

    Nearby Similar for Sale

    • $5,200,000

      Space City Car Wash Express

      Car wash business with express tunnel and detailing services.
      17955 Huffmeister Road, Cypress, TX 77429
      View Details
    • $4,530,000
      10,200 SF

      Highway 290 Retail Investment Opportunity

      10,200 SF retail center in Cypress, TX. 100% occupied.
      25402 Northwest Fwy, Cypress, TX 77429
      View Details
    • Contact for pricing
      5,007 SF

      NNN Leased Chick-fil-A Investment

      Absolute NNN leased Chick-fil-A investment property in Cypress, Texas.
      14011 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • $475,000

      Cleared Lot Ready to Go

      Unrestricted, level lot with excellent access and potential.
      17306 South Dr, Cypress, TX 77433
      View Details
    • $150,000
      10,354 SF

      Development Opportunity in Houston, Texas

      Land available in a high-density residential and commercial area.
      11030 Saathoff Drive, Cypress, TX
      View Details
    • $400,553

      Unrestricted Lot Near US 290

      21,991 sq ft lot with unrestricted use, utilities available.
      21807 Mccamey Drive, Cypress, TX 77429
      View Details
    • $980,000

      Commercial Land in Cypress, TX

      1.95 acre commercial development opportunity in Cypress, TX.
      14950 Cypress North Houston Road, Cypress, TX 77429
      View Details
    • $450,000

      Unrestricted Land Near Major Highways

      Two acres of unrestricted land with commercial or residential potential.
      12537 Kluge Road, Cypress, TX 77429
      View Details
    • $450,000

      Unrestricted Land Near Major Highways

      Two acres of unrestricted land with commercial or residential potential.
      12537 Kluge Road, Cypress, TX 77429
      View Details
    • $1,306,800

      Cypress Commercial Land For Sale

      3 acres of commercial land with development potential in Cypress.
      0 Grant Rd, Cypress, TX
      View Details
    • Contact for pricing

      Retail Investment at Malcomson Center

      Prime retail location with high traffic and strong consumer base.
      12910 Malcomson Road, Cypress, TX 77429
      View Details
    • $1,829,520

      Commercial Lot on High-Traffic FM

      1.4-acre commercial lot in Cypress, TX, for retail development.
      21102 FM 529, Cypress, TX 77433
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic corner lot suitable for retail, storage, or medical.
    Where is this commercial land located?
    The property is located at 19219 FM 529 Cypress, TX.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: High traffic location at the corner of FM 529 and Greenhouse Road.; Densely populated area.; Great location for Retail Center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hossein Farshchi
    Real Estate License ID: TX
    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
    19219 FM 529, Cypress, TX 77433
    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!