14044 Spg Cypress Rd Cypress, TX 77429-1963
Property profile & analytics
14044 Spg Cypress Rd Cypress, TX 77429-1963
- Medical Office Space
- 8,659 SF
- 0.90 lot acres
Property ID
US82-6166830
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
- Francisco Garza Salinas, MD / Pediatrician / Physician
- Houston Methodist Primary Care Group / Medical Clinic
- Bijoy Mukherjee, DO / Physician
Property Details for 14044 Spg Cypress Rd
- Year built
- 2012
- Construction
- WOOD FRAME
- Lot size
- 0.90 lot acres
- Property size
- 8,659 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1335550010001
- APU
- 1335550010001
Description
This exceptional investment opportunity presents a single-tenant, 8,238 square foot medical office building in Cypress, Texas. The Class B property, built in 2016 and renovated in 2023, sits on a 0.9-acre lot at a hard signalized corner, shadow-anchored by a high-traffic H-E-B grocery store with over 1.6 million annual visitors. The building is 100% occupied by a credit-rated tenant, Houston Methodist Primary Care Group, under a net lease with 3% annual rent increases. The lease has a significant remaining term. Located at 14044 Spring Cypress Rd, Cypress, TX 77429, this property boasts exceptional demographics, with average household incomes exceeding $137,000 within a one-mile radius and a population exceeding 200,000 within a five-mile radius. The asking price is $4,525,400, representing a 6.00% cap rate and a price per square foot of $549.33. This is a hands-off investment with limited landlord responsibilities and strong potential for long-term returns due to the high-quality tenant, favorable lease terms, and prime location. The property's location on a gateway out-parcel ensures high visibility and accessibility. Within a two-mile radius, 92% of homes are owner-occupied, indicating a stable and desirable community for medical practices.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $580,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $566,000
Market price range: $289k - $567k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $435,000 Current use
- INDUSTRIAL (GENERAL)
- $905,000 Change: +107% Conversion: Difficult
- RESTAURANT
- $625,000 Change: +44% Conversion: Difficult
- WAREHOUSE, STORAGE
- $495,000 Change: +14% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $445,000 Change: +2% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $405,000 Change: -7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cypress
- County
- Harris
- State
- Texas
- Longitude
- -95.6366
- Latitude
- 30.0042
- 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
$39,247
$589,950
$2,945,250
$3,535,200
-
$589,950
$2,945,250
$3,535,200
