17814 Spg Cypress Rd Cypress, TX 77429-6289
Property profile & analytics
17814 Spg Cypress Rd, Cypress, TX 77429-6289
- Retail space
- 9,136 SF
- 0.17 lot acres
Property ID
US82-0264727
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.
Location Intelligence
Current Use by Public Records
- Cypress Dental Group and Orthodontics / Dental Office
- Heights Modern Dentistry / Dental Office
- Visionworks Old Town Cypress Village / Physician
- Optometrist / Physician
- Robert Morris / Medical Clinic
Property Details for 17814 Spg Cypress Rd
- Year built
- 2012
- Construction
- STEEL FRAME
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 460730000012
- APU
- 460730000012
Description
This exceptional Class A retail shopping center, built in 2012, offers a compelling investment opportunity. The 7,837 square foot property is situated on 1.14 acres in Cypress, Texas, at 17814 Spring Cypress Rd, 77429, and boasts a 100% occupancy rate with three national credit tenants under NNN leases. The leases commenced June 30, 2012, and expire December 29, 2032, providing a remaining term of 10 years. The property generates a strong net operating income (NOI) of $276,462, representing a 6.00% cap rate. Two of the three tenants have contractual rent bumps, ensuring future income growth. The center benefits from excellent visibility and accessibility, with over 200,000 vehicles passing daily via Highway 290 and surrounding roads. Located in a high-growth area with an average household income exceeding $161,926 within a 3-mile radius and a population of over 82,110 residents, this property offers a stable and consistent cash flow with minimal landlord responsibilities. Ample parking is available (6.8 spaces per 1,000 sq ft). The property's strategic location between Lowe's and Target in a major retail hub further enhances its value and potential for long-term growth. The tenant mix is e-commerce resistant, comprising a dental practice, a national haircut chain, and a national optometry chain. This investment presents a rare opportunity to acquire a stable, high-performing retail asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cypress
- County
- Harris
- State
- Texas
- Longitude
- -95.6967
- Latitude
- 29.9713
- 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
2020
$18,827
$186,150
$1,682,850
$1,869,000
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$186,150
$1,682,850
$1,869,000
