Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29300 Hwy 290 Cypress, TX 77433-4247

    • Super regional malls
    • 56,956 SF
    • 66.99 lot acres
    OFF-MARKET
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1692974
    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

    • Super regional malls

    Property Details for 29300 Hwy 290

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    66.99 lot acres
    Property size
    56,956 SF
    Property type
    Super regional malls
    APN
    1299660010001
    APU
    1299660010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,830,000
      Current use
      WAREHOUSE, STORAGE
      $2,505,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Harris
    State
    Texas
    Longitude
    -95.7565
    Latitude
    29.997
    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
    $1,138,396
    $29,178,670
    $129,746,090
    $158,924,760
    -
    $29,178,670
    $129,746,090
    $158,924,760

    Comparable in this City

    • Value Estimation
      $725,000
      32,474 SF

      9915 Barker Cypress Rd

      SHOPPING CENTER, STRIP CENTER • 32,474 SF
      9915 Barker Cypress Rd, Cypress, TX 77433-1202
      View Details
    • Value Estimation
      $835,000
      33,177 SF

      10920 Fry Rd

      SHOPPING CENTER, STRIP CENTER • 33,177 SF
      10920 Fry Rd, Cypress, TX 77433-4144
      View Details
    • Value Estimation
      $595,000
      22,984 SF

      8350 Fry Rd

      SHOPPING CENTER, STRIP CENTER • 22,984 SF
      8350 Fry Rd, Cypress, TX 77433-7116
      View Details
    • Value Estimation
      $2,300,000
      162,990 SF

      26960 Hempstead Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 162,990 SF
      26960 Hempstead Rd, Cypress, TX 77433-7965
      View Details
    • Value Estimation
      $725,000
      17,017 SF

      27104 Hwy 290

      SHOPPING CENTER, STRIP CENTER • 17,017 SF
      27104 Hwy 290, Cypress, TX 77433-4935
      View Details
    • Value Estimation by Request
      11,190 SF

      11901 Barker Cypress Rd

      SHOPPING CENTER, STRIP CENTER • 11,190 SF
      11901 Barker Cypress Rd, Cypress, TX 77433-7087
      View Details

    Similar Nearby for Sale

    • $1,550,000
      2.01 Acres

      Cypress Mixed-Use Redevelopment

      2-acre lot, prime redevelopment opportunity.
      18014 Mueschke Rd, Cypress, TX 77433
      View Details
    • $2,500,000
      10,369 SF

      Cypress Shopping Center Investment

      Vacant Retail Center - High Growth Area
      0 Mueschke Rd And Schiel Rd, Cypress, TX 77433
      View Details
    • $2,177,975
      2.00 Acres

      Cypress Retail Land Investment

      Prime 2-acre retail lot, high traffic.
      0 Mueschke Rd, Cypress, TX 77433
      View Details
    • Contact for pricing
      1.00 Acre

      Cypress, TX Commercial Land

      Prime commercial land, excellent location.
      0 Neq Of Longenbaugh Rd & Greenhouse Rd, Cypress, TX 77433
      View Details
    • $3,600,000
      6,216 SF

      Turnkey Auto Repair Shop Cypress

      Turnkey auto repair shop on 1.04 AC in Cypress, TX.
      20203 Fm 529 Rd, Cypress, TX 77433
      View Details
    • $4,484,036
      4,483 SF

      Service Street Auto Shop, Cypress, TX

      High-yield NNN lease, strong tenant.
      10122 Cypress Creek Bend Dr, Cypress, TX 77433
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      10760 Barker Cypress Rd

      Lifestyle centers • 9,000 SF
      10760 Barker Cypress Rd, Cypress, TX 77433
      View Details
    • $30 SF/Yr
      12,000 SF

      Cypress Retail Center: Prime Location

      12,000 SF Retail Space Available in Cypress, TX
      17823 Longenbaugh Dr, Cypress, TX 77433
      View Details
    • $22 SF/Yr
      31,570 SF

      Stonegate Shopping Center, Cypress, TX

      Thriving Cypress retail center, fully leased.
      9740 Barker Cypress Rd, Cypress, TX 77433
      View Details
    • $35 SF/Yr
      800 SF

      Shops at Blackhorse Retail Space

      800 SF Retail Space - Prime Location
      13203 Fry Rd, Cypress, TX 77433
      View Details
    • $35 SF/Yr
      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
    • $32 SF/Yr
      18,037 SF

      Cypress Retail Center Investment Opportunity

      Prime Cypress retail space, multiple units available.
      8231 Greenhouse Rd, Cypress, TX 77433
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29300 Hwy 290
    Cypress, TX 77433-4247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.