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Property profile & analytics
FOR LEASE
Strip malls
15103 Mason Rd Cypress, TX 77433
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5216842
For Lease
1 / 16
$1,005,000
15103 Mason Rd, Cypress, TX 77433
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Property summary
AI-generated overview
This exceptional single-story retail property, located at 15103 Mason Rd in Cypress, Texas, offers a fantastic opportunity for businesses seeking high-visibility space in a thriving community. Built in 2013, the building boasts a total of 24,577 square feet, with multiple suites available for lease. The flexible floor plans allow for a variety of tenant needs, with minimum divisible space starting at 3,734 square feet and maximum contiguous space reaching 7,647 square feet. Currently, there is a significant amount of vacant space totaling 30,747 square feet, presenting a unique chance to establish a presence in this desirable location. Situated in Harris County, with easy access from Mason Rd and convenient proximity to major thoroughfares, this property benefits from high traffic counts and excellent visibility. The building's modern design and single-story layout offer convenient access and ample parking for customers and employees. This is an ideal opportunity for businesses seeking a prominent retail location in the growing Cypress market. The property's address is 15103 Mason Rd, Cypress, TX 77433.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
FRAME
Total area
24,264 SF
Lot
9.38 ac (408,484 SF)
APN
1255190010002
UPID
US82-5216842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gracie Barra Cypress Gym & Fitness Center
-
Warren E. Morgan, MD, FAPS, FACS Physician
-
DaVita Cypress Fairfield Dialysis Medical Clinic
-
Made Ya Skinny Weight Loss Service Medical Spa
-
Ivonne Salinas Hair&Makeup Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.01M
Owner & transaction history
Fairfield Medical Prop LP · 6 yrs held
Fairfield Medical Prop LP
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+102.0%
Auto repair, garage
$1.4M
+75.7%
Medical building
$1.2M
+52.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cypress submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cypress submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Current use
COMMERCIAL (GENERAL)
$1,575,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,370,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +52% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,070,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$74,042
Tax year 2022
Assessed value
$10,129,388
Assessed 2024
Previous assessed
$10,776,830
-6.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,376,832
Assessed improvement
$6,752,556
Land market value
$3,376,832
Improvement market value
$6,752,556
Total market value
$10,129,388
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Total area
24,264 SF
Lot
9.38 ac (408,484 SF)
APN
1255190010002
UPID
US82-5216842
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
5
Lot
9.38 ac
Current owner
From public records · entity-resolved
Fairfield Medical Prop LP
Entity
Mailing address
2 SMT PARK DR STE #450, INDEPENDENCE, OH 44131-2586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2019
—
Fairfield Medical Prop LP
LP Radler
Grant Deed
$19,150,000 · Independent Bk
Nov 5, 2010
—
LP Radler
Citibank NA
Grant Deed
related
—
Jun 3, 2009
$4,800,000
Citibank NA
Woods Steven P
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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