15703 Cypress Garden Dr Tomball, TX 77377
This exceptional Tomball, Texas property, located at 15703 Cypress Garden Dr, 77377, presents a unique mixed-use investment opportunity. Spanning 1.6 acres, this unrestricted lot is the largest in the subdivision and boasts five buildings totaling six units, offering a blend of residential and commercial space. The main house, approximately 2,600 square feet, provides live/work potential or rental income, complemented by a large shop, covered storage, and a smaller shop area, all generating additional rental revenue. Five tenants currently occupy the property, with a consistent rental history spanning five years. While current leases are annual, longer-term agreements are possible. The property features a well and two septic systems. Benefit from Tomball's low property tax rate and the peace of mind of a non-flood location outside any flood zone. The asking price is $600,000, with owner financing and potential for a property exchange as part of the down payment considered. The total square footage ranges from 2,600 to 7,000 square feet. Financial details, including a proforma and rent roll, are available upon request. This is a rare opportunity to acquire a substantial, income-producing property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.