Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17303-1 Lewis Dr Cypress, TX 77433-2337
    Property profile & analytics

    17303-1 Lewis Dr Cypress, TX 77433-2337

    View on Map
    • Warehouses
    • 4,800 SF
    • 1.67 lot acres
    Off-Market
    Property ID
    US82-5180730
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Express Heavy Hauling / Auto Repair Shop / Auto Parts Store

    Property Details for 17303-1 Lewis Dr

    Year built
    2013
    Construction
    STEEL FRAME
    Lot size
    1.67 lot acres
    Property size
    4,800 SF
    Property type
    Warehouses
    APN
    172030930002
    APU
    172030930002

    Description

    This exceptional 9,350-square-foot industrial property in Cypress, Texas, presents a compelling value-add investment opportunity. Situated on a 1.67-acre lot, this Class B building boasts a 2017 construction date and features a flexible layout suitable for manufacturing, warehousing, or flex uses. The warehouse includes multiple bay doors (three 12x16', one 12x15', and one 12x14') and impressive 18-foot clear ceiling height. The property is fully fenced and secured with an electronic gate, providing ample outside storage space. The gross lease structure and multi-tenant capacity offer flexibility for various business models. Located in Harris County, Texas, with easy access to major transportation routes, this property is ideal for businesses seeking a strategic location and significant expansion potential. The property is offered for sale by owner. This is a rare opportunity to acquire a well-maintained, versatile industrial space with substantial outdoor storage in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6791
    Latitude
    29.9521
    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
    $1,758
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,165,000
      113,998 SF

      11320 Barker Cypress Rd

      MINI-WAREHOUSE, STORAGE • 113,998 SF
      11320 Barker Cypress Rd, Cypress, TX 77433-1224
      View Details
    • Value Estimation by Request
      6,239 SF

      19005 Fm 529th Rd

      WAREHOUSE, STORAGE • 6,239 SF
      19005 Fm 529th Rd, Cypress, TX 77433-2288
      View Details
    • Value Estimation
      $2,260,000
      56,870 SF

      12902 Fry Rd

      MINI-WAREHOUSE, STORAGE • 56,870 SF
      12902 Fry Rd, Cypress, TX 77433-6901
      View Details
    • Value Estimation by Request
      9,000 SF

      21251 Fm 529th Rd

      WAREHOUSE, STORAGE • 9,000 SF
      21251 Fm 529th Rd, Cypress, TX 77433-7881
      View Details
    • Value Estimation by Request
      6,116 SF

      17111 Ss Dr

      WAREHOUSE, STORAGE • 6,116 SF
      17111 Ss Dr, Cypress, TX 77433-1853
      View Details
    • Value Estimation by Request
      3,200 SF

      19218 Cy Fair Fire Rd

      WAREHOUSE, STORAGE • 3,200 SF
      19218 Cy Fair Fire Rd, Cypress, TX 77433-1456
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Cypress Commercial Building with Storage

      10,000 SF metal building with climate-controlled space and storage.
      20204 Schiel Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      9,360 SF

      Freestanding Building Near US 290

      9,360 SF freestanding building with office finish out near US 290.
      17219 South Dr, Cypress, TX 77433
      View Details
    • Contact for pricing
      5,597 SF

      Office and Industrial Space Available

      5,597 SF office and industrial space for sale.
      11950 Barker Cypress Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      5,000 SF

      Juergen Business Park Flex Space

      5,000 SF available in Northwest Houston's Juergen Business Park.
      19615 Juergen Rd, Cypress, TX 77433
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex/Office Warehouse in Cypress

      Modern flex/office warehouse property suitable for various business operations.
      16326 Mueschke Rd, Cypress, TX 77433
      View Details
    • Contact for pricing

      Cypress Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Cypress.
      17219 South Dr, Cypress, TX 77433
      View Details
    • Contact for pricing

      Cypress Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Cypress, TX.
      17107 - 17207 Dr South, 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
    • Contact for pricing

      Multifunctional Property in Active Submarket

      Lease a versatile property in a growing Cypress commercial area.
      16834 House Hahl Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      6,000 SF

      Cypress Flex Space Available

      6,000 SF flex space with office and warehouse components.
      21251 Fm 529 Rd, Cypress, TX 77433
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17303-1 Lewis Dr
    Cypress, TX 77433-2337
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17303-1 Lewis Dr, Cypress, TX, 77433
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!