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    11111 Huffmeister Rd Houston, TX 77065
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    11111 Huffmeister Rd Houston, TX 77065

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    • Lifestyle centers
    • 85,973 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 11111 Huffmeister Rd

    Year built
    1976
    Property size
    85,973 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Cypress Square Shopping Center offers ±85,973 square feet of retail and office space for lease in the Northwest Corridor of Harris County, Texas. This ±6.77-acre property, built in 1976, is a multi-tenant shopping center with 26 suites and currently has 21,868 square feet of vacant space available. Units range from a minimum of 1,113 square feet to a maximum contiguous space of 11,000 square feet, providing flexibility for various business needs. The center enjoys a prime location at the hard corner of a signalized intersection of Huffmeister Road and Fleur De Lis Boulevard, benefiting from excellent visibility and accessibility. Its strategic position less than one mile from Highway 290 and less than two miles from FM 1960 ensures high traffic volume and convenient access for customers. The area boasts a high density of residential and commercial properties, creating a strong customer base. The property features approximately 730 feet of frontage on Huffmeister Road, experiencing an average daily traffic count exceeding 21,000 vehicles. Excellent signage opportunities and ample parking are also available. This property is located within the Cy-Fair ISD. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6297
    Latitude
    29.9372

    Comparable in this City

    • Value Estimation by Request
      16,731 SF

      11320 Huffmeister Rd

      Neighborhood centers • 16,731 SF
      11320 Huffmeister Rd, Houston, TX 77065
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    • Value Estimation
      $1,565,000
      91,585 SF

      10717 Jones Rd

      MINI-MALL • 91,585 SF
      10717 Jones Rd, Houston, TX 77065-4215
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    • Value Estimation
      $1,045,000
      58,481 SF

      10535 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 58,481 SF
      10535 Jones Rd, Houston, TX 77065-5472
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    • Value Estimation by Request
      12,690 SF

      10511 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 12,690 SF
      10511 Jones Rd, Houston, TX 77065-4291
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    • Value Estimation by Request
      8,085 SF

      9717 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 8,085 SF
      9717 Jones Rd, Houston, TX 77065-4303
      View Details
    • Value Estimation
      $735,000
      22,351 SF

      12625 Fm 1960th W Rd

      SHOPPING CENTER, STRIP CENTER • 22,351 SF
      12625 Fm 1960th W Rd, Houston, TX 77065-4003
      View Details

    Similar Nearby for Sale

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      13,200 SF

      Jones Road Retail Pad Site

      13,200 SF Restaurant Pad, High Traffic
      10701 Jones Rd, Houston, TX 77065
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      2.72 Acres of Land

      2.72 acres of land available for sale.
      West Rd & Castlebridge Dr, Houston, TX 77065
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      11,200 SF

      Huffmeister Road Restaurant/Bar Sale

      Turnkey Restaurant/Bar, 11,200 SF
      11133-A Huffmeister Rd, Houston, TX 77065
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    • $3,956,315

      Free-Standing Retail Building in Houston

      Single tenant building with strong demographics and high traffic counts.
      10310 Wortham Center Dr, Houston, TX 77065
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      1,500 SF

      Retail/Office Space For Sale

      Retail or office space available in established center.
      11780 Fm 1960 Rd, Houston, TX 77065
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    • $399,000
      1,500 SF

      Retail/Office Space on FM 1960

      1,500 SF retail/office space for sale on FM 1960.
      11780 W Fm 1960 Rd, Houston, TX 77065
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    Similar Nearby for Lease

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      5,975 SF

      Retail/Office Space on Jones Road

      5,795 SF retail/office space available for lease on Jones Road.
      10535 Jones Rd, Houston, TX 77065
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    • Contact for pricing

      West Road Shopping Center Space

      15,000 SF shopping center built in 2001.
      11420-11430 West Rd, Houston, TX 77065
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    • Contact for pricing
      5,070 SF

      Retail Space Near Jones Road

      Well-located retail space with high visibility and ample parking.
      9110 Jones Rd, Houston, TX 77065
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      20,433 SF

      Retail Property on Northwest Freeway

      20,433 SF retail building on 1.6 acres available for rent.
      19714 Northwest Fwy, Houston, TX 77065
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      1,026 SF

      Retail Space Near FM 1960

      Retail space with high visibility and pylon signage available.
      12620 W Fm 1960 Rd, Houston, TX 77065
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    • Contact for pricing

      Retail/Office Space For Lease

      Retail/Office space available for lease in well-established center.
      11780 Fm 1960 Rd, Houston, TX 77065
      View Details
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    Houston, TX 77065
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    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
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