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    27515 Hwy 290 Cypress, TX 77433
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    Property profile & analytics

    27515 Hwy 290, Cypress, TX 77433

    View on Map
    • Strip malls
    • 16,000 SF
    • 1.67 lot acres
    Off-Market
    Property ID
    US82-3940377
    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
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 27515 Hwy 290

    Year built
    2003
    Construction
    BRICK
    Lot size
    1.67 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    460730000147
    APU
    460730000147

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $600,000
      Market price range: $287k - $664k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Current use
      COMMERCIAL (GENERAL)
      $1,040,000
      Change: +102% Conversion: Easy
      AUTO REPAIR, GARAGE
      $905,000
      Change: +76% Conversion: Difficult
      MEDICAL BUILDING
      $785,000
      Change: +52% Conversion: Difficult
      WAREHOUSE, STORAGE
      $705,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.6911
    Latitude
    29.9704
    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
    $26,329
    $727,760
    $3,539,254
    $4,267,014
    -
    $727,760
    $3,539,254
    $4,267,014

    Comparable in this City

    • Value Estimation by Request
      15,780 SF

      27008 Nwnw Fwy

      SHOPPING CENTER, STRIP CENTER
      27008 Nwnw Fwy, Cypress, TX 77433-7945
      View Details
    • Value Estimation
      $2,225,000
      115,484 SF

      9945 Barker Cypress Rd Ste, Unit 200

      SHOPPING CENTER, STRIP CENTER
      9945 Barker Cypress Rd Ste, Cypress, TX 77433-5319
      View Details
    • Value Estimation
      $750,000
      15,300 SF

      10555 Fry Rd

      SHOPPING CENTER, STRIP CENTER
      10555 Fry Rd, Cypress, TX 77433-5348
      View Details
    • Value Estimation
      $715,000
      27,840 SF

      8190 Barker Cypress Rd

      SHOPPING CENTER, STRIP CENTER
      8190 Barker Cypress Rd, Cypress, TX 77433-1223
      View Details
    • Value Estimation
      $900,000
      26,788 SF

      20521 Fm 529th Rd

      SHOPPING CENTER, STRIP CENTER
      20521 Fm 529th Rd, Cypress, TX 77433-3219
      View Details
    • Value Estimation
      $1,005,000
      24,264 SF

      15103 Mason Rd

      SHOPPING CENTER, STRIP CENTER
      15103 Mason Rd, Cypress, TX 77433-6458
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,369 SF

      10,369 SF Shopping Center

      Shopping center for sale or lease in rapidly growing area.
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      10,392 SF

      High-Visibility Retail Center Investment Opportunity

      Fully occupied retail center in Cypress, Texas, with diversified tenants.
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      Prime Frontage Road Access Land

      2.08 acres with Grand Parkway frontage near Hwy 290.
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      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
      6,216 SF

      Turnkey Auto Repair Shop Cypress

      Turnkey auto repair shop on 1.04 AC in Cypress, TX.
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    • Contact for pricing

      FM 529 Corner Land

      High-traffic corner lot suitable for retail, storage, or medical.
      19219 Fm 529 Rd, Cypress, TX 77433
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    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Retail Space on Fry Road

      Retail property with high visibility and access in Houston, TX.
      7618 Fry Rd & St Michael's Pass, Houston, TX 77433
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Growing Area

      800 SF retail space available in a rapidly growing area.
      13203 Fry Rd, Cypress, TX 77433
      View Details
    • Contact for pricing

      Lakeland Village Retail Space

      Retail space for lease in Cypress, Texas shopping center.
      10533 Fry Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      4,448 SF

      Retail Space Near Kroger

      Retail space anchored by Kroger with high customer visits.
      20355 Cypress Fwy, Cypress, TX 77433
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Houston, Texas.
      16332 Fm 529 Rd, Houston, TX 77433
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, featuring 1,500 square feet.
      20319 Road Way, Houston, TX 77433
      View Details
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    27515 Hwy 290
    Cypress, TX 77433
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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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