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    OFF-MARKET
    Office Spaces

    21212 Northwest Fwy, Cypress, TX 77429

    168,537 SF 1 ac lot Built 2008
    Property ID
    Property summary
    AI-generated overview

    North Cypress Medical Plaza II, a Class A, six-story medical office building totaling 168,537 square feet, presents a unique investment opportunity. Located in Harris County on the HCA North Cypress Medical Center campus, this 2008-built property offers 23 available suites ranging from 1,131 to 12,351 square feet. Recent renovations showcase upgraded lobbies and high-end common area finishes, enhancing the professional image for tenants. The building benefits from a highly desirable location, boasting prominent visibility and easy access via multiple entry points from US Route 290 and Huffmeister Road, with over 123,000 and 15,000 average daily vehicles respectively. Convenient amenities include complimentary valet parking and, for Building II, skyway connectivity to an on-site parking garage. The strong surrounding demographics are a key advantage, with over 110,360 people residing within a three-mile radius, exhibiting an average household income exceeding $101,607 and high private insurance coverage rates. This presents a robust consumer base for tenants. The single-building property sits on one acre of land and features a multi-tenant occupancy. This exceptional medical office space offers a compelling combination of modern amenities, convenient location, and a strong demographic profile.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2008
    Total area 168,537 SF
    Lot 1 ac (43,560 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
    • Aspire Allergy & Sinus Physician Medical Clinic
    • Gendi Sharon G MD Physician Medical Clinic
    • Sleep Resources of Houston Physician
    • Ali Mazloom, MD Physician
    • Neil Desai, DO Physician Hospital
    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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