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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17219 South Dr Cypress, TX 77433

    • Warehouses
    • 10,235 SF
    • 0.55 lot acres
    For Lease
    View listing
    Value Estimations
    $330,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7927868
    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

    • Warehouses

    Property Details for 17219 South Dr

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    0.55 lot acres
    Property size
    10,235 SF
    Property type
    Warehouses
    APN
    172060100004
    APU
    172060100004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $313,000
      Market price range: $313k - $633k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $450,000
      Current use
      AUTO REPAIR, GARAGE
      $580,000
      Change: +28% Conversion: Easy
      MEDICAL BUILDING
      $500,000
      Change: +11% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $425,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6785
    Latitude
    29.9497
    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
    2023
    $5,061
    $143,064
    $666,682
    $809,746
    -
    $143,064
    $666,682
    $809,746

    Comparable in this City

    • Value Estimation by Request
      66,720 SF

      17107 - 17207 Dr

      Distribution properties • 66,720 SF
      0 17107 - 17207 Dr, Cypress, TX 77433
      View Details
    • Value Estimation
      $630,000
      4,510 SF

      7400 Barker Cypress Rd, Unit 778

      MINI-WAREHOUSE, STORAGE • 4,510 SF
      7400 Barker Cypress Rd, Cypress, TX 77433-1120
      View Details
    • Value Estimation
      $1,070,000
      97,796 SF

      21326 Fm 529th Rd, Unit 940

      MINI-WAREHOUSE, STORAGE • 97,796 SF
      21326 Fm 529th Rd, Cypress, TX 77433-7199
      View Details
    • Value Estimation
      $745,000
      11,650 SF

      16518 House Hahl Rd Rdg, Unit G

      MINI-WAREHOUSE, STORAGE • 11,650 SF
      16518 House Hahl Rd Rdg, Cypress, TX 77433-1901
      View Details
    • Value Estimation
      $250,000
      7,000 SF

      21711 House Hahl Rd

      WAREHOUSE, STORAGE • 7,000 SF
      21711 House Hahl Rd, Cypress, TX 77433-2008
      View Details
    • Value Estimation
      $540,000
      17,004 SF

      18107 Longenbaugh Rd

      WAREHOUSE, STORAGE • 17,004 SF
      18107 Longenbaugh Rd, Cypress, TX 77433-7303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,597 SF

      Cypress Office/Warehouse Space

      5,597 SF Office & Warehouse for Lease
      11950 Barker Cypress Rd, Cypress, TX 77433
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      5,000 SF

      Northwest Houston Flex Space Available

      5,000 SF flex space in Juergen Business Park.
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      6,000 SF

      Cypress Warehouse with HVAC Office

      6,000 SF warehouse with HVAC office on 0.38 AC.
      21239 Fm 529 Rd, Cypress, TX 77433
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      5,000 SF

      Cypress Warehouse: 5,000 SF

      Modern industrial warehouse, ideal for various businesses.
      19615 Juergen Rd, Cypress, TX 77433
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    • Contact for pricing
      9,360 SF

      Cypress Warehouse - 9,360 SF

      Freestanding warehouse, excellent location. Ideal for owner-occupiers or investors.
      17219 South Dr, Cypress, TX 77433
      View Details
    • $2,290,000
      5,455 SF

      Cypress Flex Space - $2.29M

      Multi-tenant flex space, ideal for business growth.
      20204 Schiel Rd, Cypress, TX 77433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Northwest Houston Warehouse Space

      5,000 SF warehouse space in Juergen Business Park.
      19615 Juergen Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      5,000,000 SF

      Prologis Legacy Point: Cypress, TX

      5M SF Industrial Space for Lease
      Cypress TX Hwy 290 & Fry Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      9,360 SF

      Cypress Warehouse: 9,360 SF

      Single-tenant warehouse for lease in Cypress, TX.
      17219 South Dr, Cypress, TX 77433
      View Details
    • Contact for pricing
      66,720 SF

      Cypress Industrial Space For Lease

      Multiple units, 1,500-9,360 sq ft.
      0 17107 - 17207 Dr, Cypress, TX 77433
      View Details
    • $18 SF/Yr
      32,000 SF

      Cypress Warehouse: 32,000 SF

      Modern warehouse, multiple tenants, 17 parking spaces.
      16326 Mueschke Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      7,000 SF

      Cypress Warehouse Space Available

      7,000 square feet of warehouse space for lease.
      17107-17207 South Dr, Cypress, TX 77433
      View Details
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    Cypress, TX 77433
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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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