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    23801 Cypresswood Dr Spring, TX 77373

    Sponsored
    For Sale
    Contact for pricing

    Multi-use property, high growth area

    Property size:
    17,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 17,600 square foot commercial property, located at 23801 Cypresswood Drive in Spring, Texas (Harris County, zip code 77373), presents a compelling investment opportunity. The 5-acre site boasts eight single-story buildings constructed between 2020 and 2024, featuring a diverse mix of uses including retail, industrial, and self-storage. Currently operating at 85% occupancy (as of October 8, 2024), the complex comprises 119 units, including eight mini office/retail spaces, a 10,000 square foot self-storage facility, and a newly built 5,600 square foot multi-use building with 11 office/warehouse units. The property offers ample parking with 68 spaces, accommodating trucks and RVs. The 12-foot ceiling height in the warehouse spaces adds to its versatility. Approved plans exist for an additional 30,000 square feet of development, providing significant expansion potential. This Class B property, situated just 15 minutes from George Bush Intercontinental Airport and across from Planet Ford Stadium, benefits from its location in one of Greater Houston's fastest-growing areas, ensuring high demand and strong tenant retention. The property's diverse revenue streams from office, retail, self-storage, and parking make it an attractive, stabilized investment. The APN is 1217800010001. The property is owned by Sekson Inc. and is being offered for sale by owner.

    Property Features for 23801 Cypresswood Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    17,600 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Year Built
    2020
    Buildings
    8
    Stories
    1
    Units
    119

    HighLights

    • 2,000 SF of office/retail space, subdivided into eight individual units, perfect for small businesses.
    • 10,000 SF of self‑storage units, currently operating and well‑maintained.
    • 5,600 SF newly constructed multi‑use building with eleven office/warehouse units.
    • 68 parking spaces accommodating trucks and RVs.
    • Approved for 30,000 SF of additional development.
    • Multiple income streams from office, retail, self‑storage, and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multilinks International LLC Corporate Office A2Z Storage Self-Storage Facility Velvet Varnish Lounge Nail Salon Just A Taste Of Chicago ... Restaurant MULTILINKS AUTO Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Harris
    State
    Texas
    Longitude
    -95.3546273
    Latitude
    30.0552982

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    FAQs

    What type of property is this?
    Lifestyle center - Multi-use property, high growth area
    Where is this lifestyle center located?
    The property is located at 23801 Cypresswood Dr Spring, TX.
    What are key features of this property?
    This property features: 2,000 SF of office/retail space, subdivided into eight individual units, perfect for small businesses.; 10,000 SF of self-storage units, currently operating and well-maintained.; 5,600 SF newly constructed multi-use building with eleven office/warehouse units.
    Request Owner's contact information
    23801 Cypresswood Dr Spring, TX 77373
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    Realmo Value Estimation

    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.

    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.

    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
    23801 Cypresswood Dr Spring, TX 77373
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