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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23240 Northwest Fwy Cypress, TX 77429

1.44 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established gas station and convenience store located at 23240 Northwest Freeway, Cypress, TX 77429. Situated on a 1.44-acre lot (APN: 0421210000070) in Harris County, this property boasts a 2,420 square foot main building, complemented by three additional buildings generating rental income. The main structure, built in 1950 and extensively renovated in 2020, features central air conditioning and is classified as Class C. The total building footprint spans 5,745 square feet, with a masonry construction type. The property's zoning is permitted by the City of Houston. This prime location on a busy highway ensures high traffic volume and strong potential for continued profitability. The property's fair condition and established tenant base make it an attractive investment for those seeking a stable and income-generating asset in a thriving Texas market. The USPS vacancy indicator, as of August 1st, 2024, shows no vacancies. This one-story building offers a unique blend of established business and rental income potential, making it a compelling opportunity for discerning investors.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Lot 1.44 ac (62,726 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mini Mart Valero Gas Station
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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