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Property profile & analytics
OFF-MARKET Estimated value $515,000
Strip malls

12827 Telge Rd Cypress, TX 77429-4108

15,600 SF 4.83 ac lot Built 2019
Entity Owned Absentee Owner Free & Clear
Property ID
US82-8458439
Property summary
AI-generated overview

Telge Crossing, a newly constructed (2023) single-story, 14,700 square foot Class B commercial building in Cypress, Texas, presents a unique investment opportunity. Currently, 10,300 square feet of space is available for lease, offering flexibility for various uses including traditional, medical, or creative office spaces, as well as retail or restaurant concepts. The building is situated at 12827 Telge Road, conveniently located near the intersection of Telge Road and Highway 290, a high-traffic area with over 40,000 vehicles passing daily. The ample 10,300 square feet of vacant space allows for customization, with the potential for a drive-through configuration. The property features multiple tenancies and offers 5.44 parking spaces per 1,000 square feet. While there are no elevators, the single-story design provides easy accessibility. The location benefits from the proximity of established businesses such as Starbucks, Taco Bell, and Popeye's, contributing to high visibility and foot traffic. This Harris County property offers a strong foundation for businesses seeking a prominent location in a thriving commercial area. One available space totals 6,200 square feet. This is an exceptional opportunity to establish a presence in a dynamic and high-demand location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Total area 15,600 SF
Lot 4.83 ac (210,517 SF)
APN 1504700010001
UPID US82-8458439
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
  • Shipley Do-Nuts Cafe & Coffee Shop
  • Burn Boot Camp Gym & Fitness Center
  • Telge Crossing Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$541k
Blend (final) Blend
$515k
Owner & transaction history
TELGE LLC
TELGE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $800,000 +97.1%
Medical building $785,000 +93.2%
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