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    Property profile & analytics

    16303 Grant Rd Cypress, TX 77429-1253

    • Office buildings
    • 13,173 SF
    • 2.19 lot acres
    OFF-MARKET
    Value Estimations
    $2,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3491489
    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

    • Lone Star Behavioral Health / Hospital

    Property Details for 16303 Grant Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    2.19 lot acres
    Property size
    13,173 SF
    Property type
    Office buildings
    APN
    1280320010001
    APU
    1280320010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,065,000
      6.5%
      $2,830,000
      7%
      $2,630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,466,000
      Market price range: $820k - $5.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6627
    Latitude
    30.0243
    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
    $13,132
    $571,596
    $1,336,503
    $1,908,099
    -
    $571,596
    $1,336,503
    $1,908,099

    Comparable in this City

    • Value Estimation
      $40,195,000
      155,221 SF

      24500 Nwnw Fwy

      OFFICE BUILDING • 155,221 SF
      24500 Nwnw Fwy, Cypress, TX 77429-2199
      View Details
    • Value Estimation
      $1,370,000
      5,832 SF

      13939 Telge Rd

      OFFICE BUILDING • 5,832 SF
      13939 Telge Rd, Cypress, TX 77429-1815
      View Details
    • Value Estimation
      $1,430,000
      5,650 SF

      16712 Huffmeister Rd

      OFFICE BUILDING • 5,650 SF
      16712 Huffmeister Rd, Cypress, TX 77429-8050
      View Details
    • Value Estimation
      $1,940,000
      10,008 SF

      12549 Louetta Rd

      OFFICE BUILDING • 10,008 SF
      12549 Louetta Rd, Cypress, TX 77429-2177
      View Details
    • Value Estimation
      $1,500,000
      6,365 SF

      15820 Telge Pnes Ctg

      OFFICE BUILDING • 6,365 SF
      15820 Telge Pnes Ctg, Cypress, TX 77429
      View Details
    • Value Estimation
      $735,000
      3,358 SF

      11830 Telge Rd

      OFFICE BUILDING • 3,358 SF
      11830 Telge Rd, Cypress, TX 77429-3242
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,836 SF

      Cypress Office Building For Sale

      8,836 SF office building with shell space on 1.74 acres.
      14815 Cypress North Houston Rd, Cypress, TX 77429
      View Details
    • $1,880,000
      10,136 SF

      Cypress Property with Multiple Buildings

      Versatile property ideal for office, assisted living, or school.
      17018 Grant Rd, Cypress, TX 77429
      View Details
    • $150,000
      705 SF

      Cypress Office Suite - $150K

      705 SF Vacant Office, Updated, Great Location
      11123 Mccracken Cir, Cypress, TX 77429
      View Details
    • $980,000

      Commercial Land in Cypress, TX

      1.95 acre commercial development opportunity in Cypress, TX.
      14950 Cypress North Houston Rd, Cypress, TX 77429
      View Details
    • $1,450,000

      Cypress Commercial Development Opportunity

      4.40 acre commercial land for retail or ground lease.
      16602 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • $148,000
      675 SF

      Cypress Office Space For Sale

      Office space featuring a conference room, kitchen, and private bathroom.
      11123-11123 Mccracken Cir, Cypress, TX 77429
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      8,400 SF

      Cypress Rosehill Office/Warehouse Space

      Modern 8,400 SF Office & Warehouse
      17956 Cypress Rosehill Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      825 SF

      Medical Clinic Space Available

      Professionally built medical clinic featuring multiple exam and reception areas.
      14030 Telge Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      4,449 SF

      Existing Building on Grant Road

      4,449 SF building for sale/lease on 0.32 acres.
      12788 Grant Rd, Cypress, TX 77429
      View Details
    • $23 SF/Yr
      3,282 SF

      Cypress Office Park: 3 Suites Available

      Modern Cypress office condos, 926-2356 SF
      15030 Eldridge Pkwy, Cypress, TX 77429
      View Details
    • Contact for pricing
      168,537 SF

      North Cypress Medical Plaza II

      Medical Office Suites, Prime Location
      21212 Northwest Fwy, Cypress, TX 77429
      View Details
    • Contact for pricing
      72,430 SF

      Renovated Medical Office Space Available

      Medical office suites with high visibility and strong demographics.
      21212 Northwest Fwy, Cypress, TX 77429
      View Details
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    16303 Grant Rd
    Cypress, TX 77429-1253
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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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