10,369 SF Shopping
For Sale
Contact for pricing
Mueschke Road and Schiel Road, Cypress, TX 77433
Shopping center for sale or lease in rapidly growing area.
Property Size10,369 SF
Price / SF$289.32
Days on Market1519
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
Listed By:
Simmi Jaggi · License #TX 380606
(713) 888-4098
Source:
Crexi
Added: Aug 20, 2022
Changed: Oct 8
Last Checked: Oct 16 at 9:39AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,202
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,040
$2.5M
Cap Rate 7%
$1,760,029
$1.8M
Cap Rate 9%
$1,368,911
$1.4M
Market Conditions
NOI Build-Up for 10,369 SF
Gross rent
$186.6K $18.00/SF
− Vacancy
−$10.6K −$1.03/SF
EGI
$176.0K $16.97/SF
− OpEx
−$52.8K −$5.09/SF
NOI
$123.2K $11.88/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,040
Cap Rate 7%
$1,760,029
Cap Rate 9%
$1,368,911
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
1,364 visits/mo
0.5 miles
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
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Bridgeland Corner Plaza — 8000 Fry Rd, Cypress, TX 77433
Frequently Asked Questions
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.
