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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12515 Barker Cypress Rd, Unit 318 Cypress, TX 77429-8391

    • High-rise multifamily apartments
    • 133,875 SF
    • 16.85 lot acres
    OFF-MARKET
    Value Estimations
    $7,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9740720
    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.

    Current Use by Public Records

    • A1 Garage Door Repair / Garage Door Supplier
    • MooLogik / Internet Marketing Service / Marketing Agency
    • Lake Sandy / Historical Landmark
    • Cake lab bakery / Bakery / Cake Shop

    Property Details for 12515 Barker Cypress Rd

    Year built
    2013
    Construction
    FRAME
    Lot size
    16.85 lot acres
    Property size
    133,875 SF
    Property type
    High-rise multifamily apartments
    APN
    1342600010001
    APU
    1342600010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,452,000
      Market price range: $3.56M - $8.17M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,290,000
      Current use
      RESTAURANT
      $9,695,000
      Change: +54% Conversion: Difficult
      WAREHOUSE, STORAGE
      $7,665,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,875,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $6,740,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6746
    Latitude
    29.9594
    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
    $392,886
    $11,010,180
    $46,487,617
    $57,497,797
    -
    $11,010,180
    $46,487,617
    $57,497,797

    Comparable in this City

    • Value Estimation
      $2,055,000
      35,397 SF

      25222 Nwnw Fwy, Unit 283

      HIGH-RISE APARTMENTS • 35,397 SF
      25222 Nwnw Fwy, Cypress, TX 77429-1059
      View Details
    • Value Estimation
      $3,185,000
      55,092 SF

      12411 Huffmeister Rd, Unit 142

      GARDEN APT, COURT APT (5+ UNITS) • 55,092 SF
      12411 Huffmeister Rd, Cypress, TX 77429-1654
      View Details
    • Value Estimation
      $1,065,000
      15,996 SF

      12500 Barker Cypress Rd, Unit 370

      GARDEN APT, COURT APT (5+ UNITS) • 15,996 SF
      12500 Barker Cypress Rd, Cypress, TX 77429-8239
      View Details
    • Value Estimation
      $2,280,000
      36,096 SF

      14600 Huffmeister Rd, Unit 232

      GARDEN APT, COURT APT (5+ UNITS) • 36,096 SF
      14600 Huffmeister Rd, Cypress, TX 77429-5810
      View Details
    • Value Estimation by Request
      5,072 SF

      13603 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,072 SF
      13603 Ravensway Dr, Cypress, TX 77429-8603
      View Details
    • Value Estimation by Request
      5,072 SF

      13607 Ravensway Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 5,072 SF
      13607 Ravensway Dr, Cypress, TX 77429-3760
      View Details

    Similar Nearby for Sale

    • $600,000

      Ravensway Fourplex with Recent Updates

      Charming fourplex in Ravensway with recent renovations and desirable amenities.
      13603 Ravensway Dr, Cypress, TX 77429
      View Details
    • $429,900

      Starwood Farms Investment Property

      Investment property in Cypress with long-term tenants and community amenities.
      12603 Telge Rd 26 E-F, Cypress, TX 77429
      View Details
    • $2,000,000
      8.00 Acres

      Cypress Land: 8 Acres Development Opportunity

      Prime 8-acre tract, excellent development potential.
      12410 Knigge Cemetery Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      2.31 Acres

      Cypress Land - 2.3 Acres

      Prime Commercial/Industrial Land
      0 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • $1,895,000
      3.27 Acres

      Cypress Commercial Land - Price Reduced!

      3.27-Acre Commercial Lot, High Visibility
      16002 Huffmeister Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      13,842 SF

      Cypress Warehouse For Sale

      13,842 SF Warehouse, .567 Acres
      13903 Huffmeister Rd, Cypress, TX 77429
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      1,695 SF

      Urban Townhome with Community Amenities

      Three-bedroom townhome with modern amenities and community features for rent.
      12603 Telge Rd, Cypress, TX 77429
      View Details
    • $1,300 /Mo

      Updated Two-Bedroom Unit For Rent

      Classic two-bedroom unit with updated features available for rent.
      13611 Ravensway Dr, Cypress, TX 77429
      View Details
    • $1.35 SF/Yr
      8,400 SF

      Cypress Rosehill Office/Warehouse Space

      Modern 8,400 SF Office & Warehouse
      17956 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      6,750 SF

      Cypress Warehouse with Office Space

      6,750 SF warehouse with office, dock-well, and grade-level door.
      17765-17777 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      825 SF

      Medical Clinic Space Available

      Professionally built medical clinic featuring multiple exam and reception areas.
      14030 Telge Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      3 SF

      Cypress TX Sublease Land

      3 AC IOS site for sublease in Cypress, TX.
      14120 Cypress North Houston Rd, Cypress, TX 77429
      View Details
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    Cypress, TX 77429-8391
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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.

    More about this property
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