Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1403 Cypress Crk Pkwy Houston, TX 77090-3303

    • Drug stores
    • 15,273 SF
    • 1.47 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2023
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4506436
    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

    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 1403 Cypress Crk Pkwy

    Year built
    1997
    Construction
    BRICK
    Lot size
    1.47 lot acres
    Property size
    15,273 SF
    Property type
    Drug stores
    APN
    1187510010006
    APU
    1187510010006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $773,000
      Market price range: $381k - $1.14M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $700,000
      Current use
      AUTO REPAIR, GARAGE
      $805,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $610,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4507
    Latitude
    30.0136
    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
    $17,910
    $1,150,326
    $1,255,125
    $2,405,451
    -
    $1,150,326
    $1,255,125
    $2,405,451

    Comparable in this City

    • Value Estimation
      $730,000
      15,330 SF

      107 Rankin Rd

      DRUG STORE, PHARMACY • 15,330 SF
      107 Rankin Rd, Houston, TX 77090-6928
      View Details
    • Value Estimation
      $660,000
      16,610 SF

      1325 Cypress Crk Pkwy

      DRUG STORE, PHARMACY • 16,610 SF
      1325 Cypress Crk Pkwy, Houston, TX 77090-3808
      View Details
    • Value Estimation
      $780,000
      15,440 SF

      15750 Nn Fwy

      DRUG STORE, PHARMACY • 15,440 SF
      15750 Nn Fwy, Houston, TX 77090
      View Details
    • Value Estimation by Request
      119,638 SF

      211 Farm To Market 1960 Rd

      Neighborhood centers • 119,638 SF
      211 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    • Value Estimation
      $510,000
      10,460 SF

      14908 Nn Fwy

      RETAIL STORES (PERSONAL SERVICES) • 10,460 SF
      14908 Nn Fwy, Houston, TX 77090-6604
      View Details
    • Value Estimation
      $695,000
      12,348 SF

      435 Cypress Crk Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 12,348 SF
      435 Cypress Crk Pkwy, Houston, TX 77090-3519
      View Details

    Similar Nearby for Sale

    • $8,822,000

      Houston Walgreens NNN Investment Opportunity

      Trophy Walgreens property with long-term lease and stable cash flow.
      107 W Rankin Rd, Houston, TX 77090
      View Details
    • $500,000

      Versatile Retail Property For Sale

      Two buildings ideal for retail, daycare, or service operations.
      807 Peakwood Dr, Houston, TX 77090
      View Details
    • $3,253,692
      18.91 Acres

      Houston Multifamily & Warehouse Investment

      Prime Houston location, high-yield potential.
      0 Swc Of Kuykendahl Rd & Ella Blvd, Houston, TX 77090
      View Details
    • Contact for pricing
      1.50 Acres

      Divisible +/- 3 Acres of Land On Interstate 45 Frontage Tract 3A & 3B

      Multifamily properties • 416,028 SF
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      4.35 Acres

      I-45 Frontage Commercial Land

      Houston, TX: 4.35 acres, high traffic.
      0 North Fwy, Houston, TX 77090
      View Details
    • $1,500,000
      2.57 Acres

      North Fwy Restaurant Opportunity

      Prime Houston Retail Land, $1.5M
      14915 North Fwy, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,305 SF

      Champions Area Retail Space

      Retail space in North Houston with high parking ratio.
      585 Airtex Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Airtex Drive

      Retail space for lease in Houston, TX.
      210 W Airtex Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Available For Lease

      Retail space available for lease at Cypress Creek Parkway.
      302-430 Cypress Creek Pkwy, Houston, TX 77090
      View Details
    • $16 SF/Yr
      25 SF

      North Houston Retail Center Space

      Retail space available for lease in North Houston center.
      14755 North Fwy, Houston, TX 77090
      View Details
    • $24,000
      1,100 SF

      Prime Houston Retail Space

      1,500 SF Available, High Visibility
      210 Airtex Blvd, Houston, TX 77090
      View Details
    • $39 SF/Yr
      82,073 SF

      Houston Multi-Use Commercial Property

      Prime Houston location, multiple suites available.
      1319 Farm To Market 1960 Rd, Houston, TX 77090
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1403 Cypress Crk Pkwy
    Houston, TX 77090-3303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!