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    Property profile & analytics

    17938 Grant Rd Cypress, TX 77429

    • Grocery and convenience stores
    • 11,106 SF
    • 1.78 lot acres
    For Lease
    View listing
    $2.00 SF/Yr
    Value Estimations
    $380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8716183
    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

    • Exxon / Gas Station
    • Grant Food Mart / Convenience Store
    • Taqueria mi Barrio / Mexican Restaurant / Butcher Shop

    Property Details for 17938 Grant Rd

    Year built
    2019
    Construction
    METAL FRAME
    Lot size
    1.78 lot acres
    Property size
    11,106 SF
    Property type
    Grocery and convenience stores
    APN
    1399250010001
    APU
    1399250010001

    Description

    This exceptional 8,000-square-foot commercial property, located at 17938 Grant Road in Cypress, Texas (Harris County), presents a unique opportunity for businesses seeking a prominent location. Currently, 3,551 square feet are available for lease in this single-tenant building situated on two acres of land at the intersection of Grant Road and Cypress Rosehill. The property's strategic location ensures high visibility and significant foot traffic, making it ideal for a variety of uses, including traditional and creative office spaces, retail establishments, and restaurants. The flexible layout allows for customization to meet specific business needs, while ample parking ensures convenient access for customers and employees. This thriving Cypress - 99 area submarket offers a growing community with increasing demand for retail and service options, providing a strong foundation for business growth. The property's size and location make it an attractive option for businesses looking to establish a strong presence in a vibrant and expanding community. Don't miss this chance to secure a prime commercial space in a high-traffic area of Cypress, Texas. The property is zoned for retail, office, and restaurant uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $547,000
      Market price range: $547k - $895k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6967
    Latitude
    30.025
    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
    $19,798
    $879,975
    $1,406,357
    $2,286,332
    -
    $879,975
    $1,406,357
    $2,286,332

    Comparable in this City

    • Value Estimation
      $740,000
      47,946 SF

      13819 Cypress N Houston Rd

      GROCERY, SUPERMARKET • 47,946 SF
      13819 Cypress N Houston Rd, Cypress, TX 77429-3250
      View Details
    • Value Estimation
      $295,000
      2,358 SF

      16150 Spg Cypress Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,358 SF
      16150 Spg Cypress Rd, Cypress, TX 77429-1718
      View Details
    • Value Estimation
      $365,000
      3,028 SF

      17835 Grant Rd

      GROCERY, SUPERMARKET • 3,028 SF
      17835 Grant Rd, Cypress, TX 77429-7124
      View Details
    • Value Estimation
      $385,000
      4,000 SF

      13831 Huffmeister Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,000 SF
      13831 Huffmeister Rd, Cypress, TX 77429-2350
      View Details
    • Value Estimation
      $335,000
      5,733 SF

      16714 Huffmeister Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 5,733 SF
      16714 Huffmeister Rd, Cypress, TX 77429-1663
      View Details
    • Value Estimation
      $320,000
      4,989 SF

      12255 Huffmeister Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,989 SF
      12255 Huffmeister Rd, Cypress, TX 77429-3226
      View Details

    Similar Nearby for Sale

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      Retail property with 9,040 square feet of space.
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      High-traffic location, large auto facility.
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      Grant Road Commercial Property

      Cypress, TX Retail & Land Investment
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      7,400 SF

      Cypress Automotive Shop on Acreage

      7,400 SF auto shop on 7.17 acres for sale.
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    Similar Nearby for Lease

    • $8 SF/Yr
      10,000 SF

      Cypress Retail Center Space Available

      Multi-tenant retail center with suites available for lease.
      12212 Cypress North Houston Rd, Cypress, TX 77429
      View Details
    • $2.00 SF/Yr
      1,200 SF

      Cypress Retail Space For Lease

      Prime commercial space in Cypress, TX, with high visibility.
      17938 Grant Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space in Cypress, Texas

      3,250 SF retail space available for lease.
      15014 Spring Cypress Rd, Cypress, TX 77429
      View Details
    • $35 SF/Yr
      2,744 SF

      Retail Space Available For Lease

      Retail space available for lease with 2744 square feet.
      24324 Northwest Fwy, Houston, TX 77429
      View Details
    • Contact for pricing
      2,839 SF

      Restaurant/Retail Space on Huffmeister Road

      Restaurant or retail space with high visibility and ample parking.
      11265 Huffmeister Rd, Cypress, TX 77429
      View Details
    • Contact for pricing
      3,044 SF

      Retail Space in Cypress, Texas

      Retail space available in transit-oriented, mixed-use development.
      25222 Northwest Fwy, Cypress, TX 77429
      View Details
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    Cypress, TX 77429
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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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