New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Community centers
2224 Cypress Crk Pkwy, Houston, TX 77090-3106
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-1548215
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Construction
CONCRETE BLOCKS
Total area
158,413 SF
Lot
12.17 ac (530,204 SF)
APN
1184470010001
UPID
US82-1548215
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Standard Insurance Company · 3 yrs held
Standard Insurance Company
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$60,810
Tax year 2022
Assessed value
$8,126,783
Assessed 2024
Previous assessed
$7,925,801
+2.5% YoY
Effective rate
0.75%
On assessed value
Assessed land
$4,241,632
Assessed improvement
$3,885,151
Land market value
$4,241,632
Improvement market value
$3,885,151
Total market value
$8,126,783
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
NONE
Buildings
4
Stories
1
Total area
158,413 SF
Lot
12.17 ac (530,204 SF)
APN
1184470010001
UPID
US82-1548215
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
12.17 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
2224 NE CYPRESS CRK PKWY, HOUSTON, TX 77090-3106
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
Standard Insurance Company
Pacific Square Of Fm LLC
Assignment Of Lease (leasehold Sale)
$16,172,000 · Standard Insurance Co
Jul 10, 2018
—
Copper Leaf LLC
Best Storage Northgate LP
Warranty Deed
related
—
Mar 20, 2017
—
Bargain Furniture INC
Best Storage Northgate LP
Warranty Deed
$1,260,000 · Spirit Of Tx Bk Ssb
Feb 6, 2017
—
Best Storage Northgate LP
—
Deed
related
$10,800,000 · Private Individual
Aug 1, 2013
—
Circle K Stores INC
Best Storage Northgate LP
Grant Deed
related
—
Feb 7, 2008
—
Mia Reed & Co Cap Fund X Outpa
Bent Tree Management Corp
Grant Deed
related
—
—
—
Best Storage Northgate LP
—
Deed Of Trust
related
$800,000 · Revere High Yield Fund LP
—
—
Best Storage Northgate LP
—
Deed Of Trust
related
$1,500,000 · Ncc Financial LLC
—
—
Best Storage Northgate LP
—
Deed Of Trust
related
$10,800,000 · Private Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2224 Cypress Crk Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
