Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17240 Huffmeister Rd Cypress, TX 77429
    Back to Search
    Property profile & analytics

    17240 Huffmeister Rd Cypress, TX 77429

    View on Map
    • Office properties & Spaces
    • 15,780 SF
    • 1.38 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Traffic Control / General Contractor
    • Redfish Capital Management / Financial Advisor
    • Emergy Oil / Production Facility
    • Aim Services / Business Management Consultant
    • ARM Soil Testing LLC / Geotechnical Engineer / Soil Testing Service

    Property Details for 17240 Huffmeister Rd

    Year built
    2006
    Lot size
    1.38 lot acres
    Property size
    15,780 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional investment opportunity presents a portfolio of five Class B office buildings comprising approximately 15,780 net rentable square feet in the desirable Northwest Houston submarket. Located at 17240 and 17510 Huffmeister Road, Cypress, Texas, 77429, this property boasts a prime location on 358 feet of frontage at a high-traffic intersection, benefiting from over 26,000 vehicles daily. The portfolio consists of three single-story and two two-story buildings, featuring 14 units with suite sizes ranging from 800 to 1,560 square feet. Currently 94% occupied with 13 tenants, the property features a strong tenant base under Net Net (NN) leases with annual escalations, ensuring a stable income stream. The portfolio's Net Operating Income (NOI) stands at $236,372, reflecting a significant increase of $93,000 since the fourth quarter of 2022. Built in 2006 and 2008, this Core+ Value-Add investment offers a compelling opportunity for long-term growth, particularly given the projected decrease in cap rates within the next 2-4 years. The property sits on a 1.38-acre lot and benefits from the current owners' successful value-add strategy, which included raising rental rates and securing long-term leases. This is a rare opportunity to acquire a stabilized, high-performing office portfolio in a thriving Houston submarket. The current leases are locked in for 3-6 years, mitigating risk and providing predictable cash flow.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6878
    Latitude
    29.9957

    Comparable in this City

    • Value Estimation by Request
      705 SF

      11119 Mccracken Cir Ste F

      CONDOMINIUM OFFICES • 705 SF
      11119 Mccracken Cir Ste F, Cypress, TX 77429-4460
      View Details
    • Value Estimation by Request
      705 SF

      11111 Mccracken Cir E E Ste

      CONDOMINIUM OFFICES • 705 SF
      11111 Mccracken Cir E E Ste, Cypress, TX 77429-4458
      View Details
    • Value Estimation by Request
      705 SF

      11111 Mccracken Cir Ste D

      CONDOMINIUM OFFICES • 705 SF
      11111 Mccracken Cir Ste D, Cypress, TX 77429-4458
      View Details
    • Value Estimation by Request
      675 SF

      11131 Mccracken Cir Ste B

      CONDOMINIUM OFFICES • 675 SF
      11131 Mccracken Cir Ste B, Cypress, TX 77429-4463
      View Details
    • Value Estimation by Request
      705 SF

      11119 Mccracken Cir E E Ste

      CONDOMINIUM OFFICES • 705 SF
      11119 Mccracken Cir E E Ste, Cypress, TX 77429-4460
      View Details
    • Value Estimation by Request
      1,012 SF

      11119 Mccracken Cir Ste A

      CONDOMINIUM OFFICES • 1,012 SF
      11119 Mccracken Cir Ste A, Cypress, TX 77429-4460
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Cypress Commercial Development Opportunity

      4.40 acre commercial land for retail or ground lease.
      16602 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • $980,000

      Commercial Land in Cypress, TX

      1.95 acre commercial development opportunity in Cypress, TX.
      14950 Cypress North Houston Rd, Cypress, TX 77429
      View Details
    • $148,000
      675 SF

      Cypress Office Space For Sale

      Office space featuring a conference room, kitchen, and private bathroom.
      11123-11123 Mccracken Cir, Cypress, TX 77429
      View Details
    • $1,880,000
      10,136 SF

      Cypress Property with Multiple Buildings

      Versatile property ideal for office, assisted living, or school.
      17018 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Professional Office Condos For Sale

      Professional office condos available for lease or sale.
      17985 Shaw Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      675 SF

      Office Unit with Multiple Rooms

      Office unit featuring a large entry and additional enclosed rooms.
      11123 Mccracken Cir, Cypress, TX 77429
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cypress Business Park Opportunity

      Commercial business park in rapidly growing Cypress submarket.
      18011 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial and office spaces available for lease.
      17956 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Retail Single Tenant Space

      7,200 SqFt retail space available for single tenant.
      15615 Jarvis Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Professional Office Condos For Lease

      Professional office condos available for lease or sale.
      17985 Shaw Rd, Cypress, TX 77429
      View Details
    • Contact for pricing

      Prime Location in Cypress, TX

      Convenient location with ample parking and easy access to transportation.
      12732 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2,000 SF

      Office Space for Rent

      2000 square feet office space available for rent.
      17920 Huffmeister Rd, Cypress, TX 77429
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17240 Huffmeister Rd
    Cypress, TX 77429
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17240 Huffmeister Rd, Cypress, TX, 77429
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!