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    1140 Cypress Station Dr Houston, TX 77090
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    Property profile & analytics

    1140 Cypress Station Dr Houston, TX 77090

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    • Medical Office Space
    • 54,113 SF
    • 2.91 lot acres
    For Sale
    $1,410,000
    View Listing →
    Houston Medical Office Opportunity For Sale
    $1,410,000
    52,040 SF

    Houston Medical Office Opportunity

    52,040 SF medical office building in Houston Medical District.

    1140 Cypress Station, Houston, TX 77090
    View Listing
    Property ID
    US82-0121550
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Northwest Diagnostic Clinic: Watkins Monica MD / Physician
    • Dr. Frank A. Parke, MD / Physician
    • Dr. Arnold B. Skor, MD / Physician / Medical Clinic
    • Camarata Caroline / Medical Clinic
    • Annalysa H. Nguyen, PA / Physician

    Property Details for 1140 Cypress Station Dr

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.91 lot acres
    Property size
    54,113 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    1082280000003
    APU
    1082280000003

    Description

    This three-story, 52,040 square foot Class B medical office building is located at 1140 Cypress Station Drive in Houston, Texas, 77090. Built in 1981 and renovated in 2004, the property offers a multi-tenant configuration with ample parking (5.23 spaces per 1,000 square feet). The building is currently available for sale or lease as a whole, and the owner is open to subdividing the space to accommodate various needs. Its prime location is a quarter-mile from Houston Northwest Medical Center, making it an attractive investment for owner-users seeking a value-add opportunity or investors looking for a strong medical office asset in a high-demand area. The asking price is $3,395,000. The property features existing medical build-outs, providing immediate functionality for medical practices. This presents a unique chance to acquire a well-situated medical office building with significant potential for growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4395
    Latitude
    30.0229
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,150
    $888,230
    $1,917,481
    $2,805,711
    -
    $888,230
    $1,917,481
    $2,805,711

    Comparable in this City

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    • Value Estimation
      $2,530,000
      20,932 SF

      1140th Cypress Sta Dr

      MEDICAL BUILDING • 20,932 SF
      1140th Cypress Sta Dr, Houston, TX 77090-3058
      View Details
    • Value Estimation
      $2,320,000
      58,212 SF

      17202 Red Oak Dr

      MEDICAL BUILDING • 58,212 SF
      17202 Red Oak Dr, Houston, TX 77090-2647
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    • Value Estimation by Request
      1,200 SF

      1125 Cypress Sta Dr

      MEDICAL BUILDING • 1,200 SF
      1125 Cypress Sta Dr, Houston, TX 77090-3054
      View Details
    • Value Estimation by Request
      1,200 SF

      1125 Cypress Sta Dr Ste G-3

      MEDICAL BUILDING • 1,200 SF
      1125 Cypress Sta Dr Ste G-3, Houston, TX 77090-3055
      View Details
    • Value Estimation by Request
      1,200 SF

      1125 Cypress Sta Dr

      MEDICAL BUILDING • 1,200 SF
      1125 Cypress Sta Dr, Houston, TX 77090-3054
      View Details

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      Houston Medical Imaging Center For Sale

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      Houston Medical Office Opportunity

      52,040 SF medical office building in Houston Medical District.
      1140 Cypress Station Dr, Houston, TX 77090
      View Details
    • $999,999
      4,800 SF

      Cypress Station Medical Office

      4,800 SF Medical Office Condo, Houston
      1125 Cypress Station Dr, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Lantern Bend Medical Plaza

      Lantern Bend Medical Plaza - Newly Renovated and Flexible Lease Terms
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      View Details
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      Condominium Style Office Units Available

      Office units available for lease, suitable for various businesses.
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    • $16 SF/Yr

      North Houston Medical Office Building

      Medical office building in established healthcare corridor with suites available.
      17270 Red Oak Dr, Houston, TX 77090
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      3,140 SF

      Northwest Houston Medical Office Space

      Medical office spaces available near HCA Houston Healthcare Northwest.
      17203 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing

      Medical Office Space Available

      Three-story medical office building near HCA Houston Healthcare Northwest.
      17045 St Edwards Ln, Houston, TX 77090
      View Details
    • Contact for pricing

      Houston Medical Building For Lease

      26,986 SF multi-tenant medical building near HCA Houston Northwest.
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      View Details
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    Houston, TX 77090
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    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.

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