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Property profile & analytics
OFF-MARKET Estimated value $620,000
Strip malls

12361 Barker Cypress Rd Cypress, TX 77429-8377

18,437 SF 1.65 ac lot Built 2007
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US82-9783585
Property summary
AI-generated overview

This exceptional 1,900 square foot retail space, previously used as an optical store, is ideally situated in the thriving Red Cypress Shopping Center in Cypress, TX. Located conveniently off Highway 290 and Barker Cypress Road, this second-generation space offers immediate occupancy in January 2025. The center boasts a strong anchor tenant lineup, including H-E-B and At Home, generating an impressive 3.5 million annual visits. This high foot traffic ensures significant exposure for your business. The property is surrounded by a substantial population base, with 253,643 residents within a five-mile radius, according to Placer.ai visitor data. This demographic provides a large potential customer pool for your business. The space is perfect for a variety of uses, including medical offices or other retail businesses seeking a high-visibility location in a well-established shopping center. The property is ready for immediate occupancy, allowing for a quick and efficient start to your business operations. This is a rare opportunity to secure a prime retail space in a high-demand location. Don't miss out on this chance to establish your business in a thriving community.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction CONCRETE BLOCKS
Total area 18,437 SF
Lot 1.65 ac (71,822 SF)
APN 1275360010007
UPID US82-9783585
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
  • Men's T Clinic® - Cypress Medical Clinic
  • Starbucks Cafe & Coffee Shop
  • True Vision Family Eye Care Physician
  • Edward Jones - Financial Advisor: David W Carter Financial Advisor
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$481k
Blend (final) Blend
$620k
Owner & transaction history
Northwest Harris Cnty Muni 10 · 15 yrs held
Northwest Harris Cnty Muni 10
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $945,000 +97.1%
Medical building $930,000 +93.2%
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