10,369 SF Shopping
Mueschke Road and Schiel Road Cypress, TX 77433
Mueschke Road and Schiel Road, Cypress, TX, 77433
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For Sale
Contact for pricing
Shopping center for sale or lease in rapidly growing area.
Property Size10,369 SF
Price / SF$289.32
Days on Market1429
Property Features for Mueschke Road and Schiel Road
General Information
- Standard status
- Active
- Size
- 10,369 SF
- Property subtype
- Retail
Listing Agency
JLL - Houston, Texas
(713) 888-4098
Listed by
Simmi Jaggi · License #TX 380606
Source
Crexi
Added: Aug 20, 2022 Checked: Jul 17 at 2:25 pm
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 JLL - Houston, Texas
Investment Insights
Based on property information with market context.
A 10,369 square foot shopping center is available for sale or lease. Located in a rapidly growing area, the newly constructed property has the ability to add fuel pads. The surrounding area includes over 11,200 future residential lots within a five-mile radius. Gas pumps can be added to the property.
Key Highlights
- Newly constructed 10,369 SF shopping center.
- Ability to add fuel pads/gas pumps.
- Located in a rapidly growing area.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.6k | $18.00 |
| − Vacancy | −$10.6k | −$1.03 |
| EGI | $176.0k | $16.97 |
| − OpEx | −$52.8k | −$5.09 |
| NOI | $123.2k | $11.88 |
10,369 SF · lease $18.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,202 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,189 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Bridgeland Corner Plaza — 8000 Fry Rd, Cypress, TX 77433
FAQs
What type of property is this?
Shopping center - Shopping center for sale or lease in rapidly growing area.
Where is this shopping center located?
The property is located at Mueschke Road and Schiel Road Cypress, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Newly constructed 10,369 SF shopping center.; Ability to add fuel pads/gas pumps.; Located in a rapidly growing area.
