17844 Mound Rd Cypress, TX 77433

Property Details for 17844 Mound Rd

Year built

2023

Property size

1,250 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

This 1,250-square-foot, Class B office condo in Cypress, Texas, presents a unique owner-user investment opportunity. Located within the prestigious Blackhorse Office Condominiums, this 2023-built, single-story unit boasts a 100% occupancy rate and a strong 8.19% cap rate, generating a net operating income (NOI) of $32,365. The property features a modern design with sleek stucco and stone finishes, and includes a reception area, kitchenette, restroom, and seven private offices. High-quality interior finishes include designer-selected materials, a nine-piece conference table set, a reception desk, workstations, and comfortable office chairs. Amenities include a fully furnished community conference center with a kitchenette and ADA-compliant restroom, convenient front-door parking, and ample visitor parking. The property is situated near major transportation routes, including the Northwest Freeway (US Hwy 290) and the Grand Parkway (99), providing easy access to Northwest Houston's business, dining, and shopping centers. The all-inclusive HOA covers water, trash, landscaping, irrigation, and property management. The property is ideally located to serve clients in thriving communities such as Bridgeland, Towne Lake, and Miramesa. Projected 2024 property taxes are $3,556, with monthly HOA fees of $330. Electricity costs range from $84 to $102 monthly, and internet service is $48.88 per month. This turnkey office condo offers a compelling investment opportunity with excellent location and strong financial performance.

Location Insight

City

Cypress

County

Harris

State

Texas

Longitude

-95.6981

Latitude

29.9679