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Property profile & analytics
FOR LEASE
Strip malls

21211 Fm 529 Rd Cypress, TX 77433

14,715 SF 4.88 ac lot Built 2016
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US82-9465359
Property summary
AI-generated overview

This exceptional 13,850 square foot retail property, situated on a 4.88-acre lot in Harris County, presents a unique investment opportunity. The single-story building offers flexible space options, with five available units ranging from 1,750 to 3,000 contiguous square feet. A significant 10,508 square feet is currently vacant, providing immediate occupancy potential for a variety of retail uses. The building features a 70-foot depth and a drive-thru lane with a 45-foot width. An end cap space offers a 30-foot width with expansion possibilities. Outdoor patio seating is also available. This prime location boasts excellent visibility and accessibility, with convenient access to FM 529, Grand Parkway, and Fry Road. The property benefits from the proximity to a new residential development of approximately 3,000 homes, ensuring a strong and growing customer base. The shell condition is flexible, allowing for customization to suit individual tenant needs. This is an ideal location for businesses seeking high visibility and convenient access in a rapidly developing area. The minimum divisible space is 1,750 square feet, making it suitable for a range of businesses.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Construction STEEL FRAME
Total area 14,715 SF
Lot 4.88 ac (212,394 SF)
APN 1387150010001
UPID US82-9465359
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bailey's Pharmacy Pharmacy
  • Noahs African Market African Goods Store
  • Air Vent Cleaning Services Cypress HVAC Service
  • Star Physical Therapy Services Physician
  • Andrew Harris Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$840k
Owner & transaction history
Four Seasons Busn Pk II Ltd · 6 yrs held
Four Seasons Busn Pk II Ltd
since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.4M +192.0%
Commercial (general) $955,000 +102.0%
Auto repair, garage $830,000 +75.7%
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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