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

    1319 Cypress Crk Pkwy Houston, TX 77090-3828

    • Strip malls
    • 48,958 SF
    • 7.10 lot acres
    OFF-MARKET
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    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 size
    48,958 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood 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 valuation — 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

    Comparable in this City

    • Value Estimation
      $560,000
      17,594 SF

      850 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 17,594 SF
      850 Cypress Crk Pkwy, Houston, TX 77090-3418
      View Details
    • Value Estimation
      $715,000
      19,614 SF

      2149 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 19,614 SF
      2149 Cypress Crk Pkwy, Houston, TX 77090
      View Details
    • Value Estimation
      $615,000
      33,924 SF

      921 Cypress Crk Pkwy, Unit 183

      SHOPPING CENTER, STRIP CENTER • 33,924 SF
      921 Cypress Crk Pkwy, Houston, TX 77090-2505
      View Details
    • Value Estimation by Request
      9,475 SF

      585 Airtex Dr

      SHOPPING CENTER, STRIP CENTER • 9,475 SF
      585 Airtex Dr, Houston, TX 77090-6652
      View Details
    • Value Estimation by Request
      7,884 SF

      527 Barren Spgs Dr

      SHOPPING CENTER, STRIP CENTER • 7,884 SF
      527 Barren Spgs Dr, Houston, TX 77090-5355
      View Details
    • Value Estimation by Request
      11,375 SF

      17020 Beaver Spgs Dr

      SHOPPING CENTER, STRIP CENTER • 11,375 SF
      17020 Beaver Spgs Dr, Houston, TX 77090-2397
      View Details

    Similar Nearby for Sale

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      1.50 Acres

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    • New
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      Houston Retail Property on Interstate

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    Similar Nearby for Lease

    • Contact for pricing
      96,865 SF

      Planet Fitness Anchored Shopping Center

      Retail space in North Houston near I-45 and FM1960.
      310 Fm 1960 Rd West, Houston, TX 77090
      View Details
    • $39 SF/Yr
      82,073 SF

      Houston Multi-Use Commercial Property

      Prime Houston location, multiple suites available.
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      View Details
    • $13 SF/Yr
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      Houston Retail Center Investment Opportunity

      37,000 SF Retail Center, 1.18 Acres
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      View Details
    • $16 SF/Yr
      9,456 SF

      Houston Office Space: 9,456 SF

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    • $20 SF/Yr
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      Houston Retail Center - Barren Springs

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      View Details
    • $25 SF/Yr
      2,305 SF

      Champions Area Retail Space

      Retail space in North Houston with high parking ratio.
      585 Airtex Dr, Houston, TX 77090
      View Details
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    Houston, TX 77090-3828
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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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