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    13615 Kluge Rd Cypress, TX 77429
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    Property profile & analytics

    13615 Kluge Rd, Cypress, TX 77429

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    • Retail space
    • 4,200 SF
    • 1.97 lot acres
    Fully Leased Retail Investment Opportunity For Sale
    $3,054,000
    13,500 SF

    Fully Leased Retail Investment Opportunity

    Multi-tenant retail center in Cypress, TX, 100% leased.

    13615 Kluge Rd, Cypress, TX 77429
    View Listing
    Property ID
    US83-0654724
    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

    • Tile Grout Cleaning Cypress / General Contractor / Renovation Specialist
    • CrossFit GBAR3 / Gym & Fitness Center
    • Pam Castellanos - NextMortgage / Loan Service / Bank
    • Ashley Compton-Winters, Realtor / Real Estate Agency
    • Jennifer Dwight Realtor / Real Estate Agency

    Property Details for 13615 Kluge Rd

    Year built
    2014
    Construction
    METAL FRAME
    Lot size
    1.97 lot acres
    Property type
    Retail space
    APN
    1366070010001
    APU
    1366070010001

    Description

    Kluge Lakes Center, located at 13615 Kluge Rd, Cypress, TX 77429, presents a compelling multi-tenant investment opportunity. This stabilized, 100% occupied retail property boasts 13,500 square feet of net rentable space within a single building situated on an 86,000 square foot lot. The property offers a 7.00% cap rate and is priced at $3,275,000. The center benefits from a strong tenant mix of internet-resistant businesses, including fitness and service providers, ensuring consistent income streams. The location within the highly desirable Cypress trade area, Harris County, is strategically positioned at the entrances of Kluge Lake and White Oak Lake Estates, surrounded by established neighborhoods with high home values exceeding $325,000 within a one-mile radius. The area's demographics are exceptionally strong, with over 262,800 people within a five-mile radius and an average household income exceeding $203,200 within one mile. A significant value-add opportunity exists with the potential for Phase II development on the included land, allowing for an approximate 8,000-9,000 square foot expansion of the gross leasable area. This expansion would require repositioning on-site detention to accommodate additional parking needs. This property represents a rare opportunity to acquire a high-performing retail center with significant upside potential in a prime location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6345
    Latitude
    29.9729
    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
    $14,677
    $137,362
    $1,774,545
    $1,911,907
    -
    $137,362
    $1,774,545
    $1,911,907
    View Listing
    More about this property
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