1319 Cypress Crk Pkwy Houston, TX 77090-3828
Property profile & analytics
1319 Cypress Crk Pkwy, Houston, TX 77090-3828
- Strip malls
- 48,958 SF
- 7.10 lot acres
Property ID
US82-1616781
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.
Location Intelligence
Current Use by Public Records
- Texas Thaiboxing Academy / Gym & Fitness Center
- colette Houston / Nightclub / DJ & Entertainment
- Ella Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
- Colette / Atm
- Advance Auto Parts / Auto Parts Store
Property Details for 1319 Cypress Crk Pkwy
- Year built
- 2005
- Construction
- BRICK
- Lot size
- 7.10 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 1273220010001
- APU
- 1273220010001
Description
This exceptional 82,073 square foot shopping center in Houston, Texas, presents a compelling investment opportunity. Boasting a 7.75% cap rate and a strong 96.92% occupancy, the property generates a substantial net operating income (NOI) of $980,887. Built in 2005, this single-story center sits on a 7.1-acre lot at 1319 Cypress Creek Pkwy, zip code 77090, within the thriving Harris County market. The center benefits from a strategic location, with significant traffic counts on nearby FM 1960 (52,928 vehicles per day) and I-45 (215,941 vehicles per day within a 10-minute drive). A substantial daytime population of over 164,854 employees resides within a 5-mile radius, ensuring a robust customer base. The tenant mix includes a significant percentage (37.8%) of national and government credit tenants, such as Advance Auto Parts, Harris County Public Health, and CSL Plasma, providing stability and long-term value. Furthermore, the property's location is enhanced by significant residential growth, with over 400 new homes under construction in adjacent developments, including DR Horton's Legacy Park and Harris County's Providence Gardens. This prime location, coupled with strong financial performance and a diverse tenant base, makes this shopping center an attractive investment prospect. The asking price is $12,760,000, translating to a price per square foot of $155.47.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,100,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,089,000
Market price range: $872k - $1.53M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,180,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,735,000 Change: +47% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4489
- Latitude
- 30.0137
- 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
$41,759
$2,293,224
$2,585,343
$4,878,567
-
$2,293,224
$2,585,343
$4,878,567
