17011 Steinhagen Rd Cypress, TX 77429-7165
This exceptional 11-acre property in Cypress, Texas, presents a unique investment opportunity. Currently operating as a thriving wedding hall and events center, the property boasts a 4,716 sq ft main hall (primarily open space), perfect for large gatherings. Two additional dwellings, each approximately 1,100 sq ft, provide ample space for bridal parties or staff. Built in 2004 and renovated in 2020, the property includes three buildings situated on unrestricted land, offering diverse development possibilities. Amenities include a pond, flower garden, two gazebos, and a storage building. All existing light fixtures, equipment, and furniture used in the event center's operation are included in the sale. The property's location within a community of million-dollar homes presents significant upside potential. Consider subdivision for residential development, conversion to a nursing home facility, or continued operation as a premier event venue. The Harris County location, with APN 0410670000171, and address at 17011 Steinhagen Rd, Cypress, TX 77429, offers easy access and high visibility. The asking price is $3,500,000.
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A Thousand Oaks Events & Retreats Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.