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    12837 Louetta Rd Cypress, TX 77429

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    12837 Louetta Rd Cypress, TX 77429

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    • Office buildings
    • 7,252 SF
    • 0.70 lot acres
    For Lease
    $1,470,000
    View Listing →
    Renovated Office/Medical Building in Cypress For Lease
    $1,470,000
    1,196 SF

    Renovated Office/Medical Building in Cypress

    Move-in-ready healthcare setting in a thriving Cypress market.

    12837 Louetta Rd, Cypress, TX 77429
    View Listing
    Property ID
    US82-4309411
    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

    • Nationwide Insurance: Touchstone Insurance Group, L.L.C. / Insurance Agency
    • Dr. Jorge Valencia / Pediatrician / Physician
    • Iuliana Skin Care Studio / Medical Clinic / Skin Care Clinic
    • GLOBAL GAME GEAR / Electronics & Wireless Store / (Bike/Boat/Book/etc) Store
    • Therapy with Jeanine / Crisis Center / Medical Clinic

    Property Details for 12837 Louetta Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    0.70 lot acres
    Property size
    7,252 SF
    Property type
    Office buildings
    APN
    1123540000003
    APU
    1123540000003

    Description

    This exceptional two-story, Class B medical office building, located at 12837 Louetta Rd in Cypress, Texas, offers 6,966 square feet of versatile space. Built in 2006 and renovated in 2023, the property boasts eight suites, with two currently available, ranging from 467 to 2,176 contiguous square feet. A total of 2,643 square feet is currently vacant, providing immediate occupancy opportunities for expanding or relocating medical practices. The building features a single elevator for convenient access to both floors. Ample parking is available, with a ratio of 4.83 spaces per 1,000 square feet. Situated in Harris County, zip code 77429, this multi-tenant building offers flexible lease terms and professional management, making it an ideal location for medical professionals seeking a modern and well-maintained workspace. The property is conveniently located in Cypress, offering easy access to major roadways and amenities. This is a prime opportunity to secure high-quality medical office space in a thriving Texas community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,690,000
      6.5%
      $1,560,000
      7%
      $1,445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,378,000
      Market price range: $451k - $3.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6185
    Latitude
    29.996
    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
    2020
    $7,529
    $368,244
    $697,979
    $1,066,223
    -
    $368,244
    $697,979
    $1,066,223

    Comparable in this City

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    • Value Estimation
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      15,384 SF

      14031 Huffmeister Rd

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      4,980 SF

      18119 Telge Rd

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      18119 Telge Rd, Cypress, TX 77429-1301
      View Details
    • Value Estimation
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      4,005 SF

      13602 Jarvis Rd

      OFFICE BUILDING • 4,005 SF
      13602 Jarvis Rd, Cypress, TX 77429-3802
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    • Value Estimation
      $1,105,000
      5,796 SF

      11810 Cypress N Houston Rd

      OFFICE BUILDING • 5,796 SF
      11810 Cypress N Houston Rd, Cypress, TX 77429-3999
      View Details
    • Value Estimation by Request
      1,840 SF

      Huffmeister Rd

      OFFICE BUILDING • 1,840 SF
      Huffmeister Rd, Cypress, TX 77429
      View Details

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      3,880 SF

      Cypress Office Building For Sale

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      Cypress Property with Multiple Buildings

      Versatile property ideal for office, assisted living, or school.
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    • $148,000
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      Cypress Office Space For Sale

      Office space featuring a conference room, kitchen, and private bathroom.
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    • $1,450,000

      Cypress Commercial Development Opportunity

      4.40 acre commercial land for retail or ground lease.
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      Professional Office Condos For Sale

      Professional office condos available for lease or sale.
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    Similar Nearby for Lease

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      Professional Office Condos For Lease

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      Prime Location in Cypress, TX

      Convenient location with ample parking and easy access to transportation.
      12732 Grant Rd, Cypress, TX 77429
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    • Contact for pricing
      2,000 SF

      Office Space for Rent

      2000 square feet office space available for rent.
      17920 Huffmeister Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      7,252 SF

      Medical/Office Building with Gated Parking

      Two-story medical/office building featuring gated parking and security.
      12837 Louetta Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      5,100 SF

      Cypress Flex Space Available

      Flex space with warehouse and office components, convenient location.
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    • Contact for pricing

      Cypress Office Space on Acreage

      Versatile office space on 2 acres in Northwest Cypress.
      16228 Huffmeister Rd, Cypress, TX 77429
      View Details
    View Listing
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    Cypress, TX 77429
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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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