Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    601 Cypress Sta Dr, Unit 131 Houston, TX 77090-1579
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Cypress Sta Dr, Unit 131 Houston, TX 77090-1579

    View on Map
    • Garden apartment buildings
    • 15,135 SF
    • 3.31 lot acres
    Off-Market
    Property ID
    US82-3999316
    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
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roundhill Townhomes / Security Service / Construction Company
    • Mango's Boutique / Clothing & Fashion Store
    • Wentwood Townhomes / Apartment Building / Apartment Complex
    • Poise Film Productions / Film Production

    Property Details for 601 Cypress Sta Dr

    Year built
    1982
    Construction
    FRAME
    Lot size
    3.31 lot acres
    Property size
    15,135 SF
    Property type
    Garden apartment buildings
    APN
    1077620030001
    APU
    1077620030001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $362,000
      Market price range: $363k - $766k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $535,000
      Current use
      AUTO REPAIR, GARAGE
      $795,000
      Change: +48% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: +30% Conversion: Difficult
      WAREHOUSE, STORAGE
      $605,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $435,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4408
    Latitude
    30.0298
    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
    $43,094
    $1,010,415
    $4,628,043
    $5,638,458
    -
    $1,010,415
    $4,628,043
    $5,638,458

    Comparable in this City

    • Value Estimation
      $930,000
      19,968 SF

      16844 Sugar Pne Dr, Unit 144

      GARDEN APT, COURT APT (5+ UNITS) • 19,968 SF
      16844 Sugar Pne Dr, Houston, TX 77090-3634
      View Details
    • Value Estimation
      $550,000
      16,008 SF

      300 Woerner Rd, Unit 160

      GARDEN APT, COURT APT (5+ UNITS) • 16,008 SF
      300 Woerner Rd, Houston, TX 77090-8546
      View Details
    • Value Estimation by Request
      16,244 SF

      810 Dunson Gln Dr, Unit 24

      GARDEN APT, COURT APT (5+ UNITS) • 16,244 SF
      810 Dunson Gln Dr, Houston, TX 77090-7009
      View Details
    • Value Estimation
      $640,000
      26,160 SF

      15530 Ella Blvd, Unit 448

      GARDEN APT, COURT APT (5+ UNITS) • 26,160 SF
      15530 Ella Blvd, Houston, TX 77090-7006
      View Details
    • Value Estimation by Request
      8,526 SF

      17100 Rolling Crk Dr, Unit 180

      GARDEN APT, COURT APT (5+ UNITS) • 8,526 SF
      17100 Rolling Crk Dr, Houston, TX 77090-2457
      View Details
    • Value Estimation
      $725,000
      24,464 SF

      17111 Hafer Rd, Unit 240

      GARDEN APT, COURT APT (5+ UNITS) • 24,464 SF
      17111 Hafer Rd, Houston, TX 77090-3919
      View Details

    Similar Nearby for Sale

    • $3,253,692
      18.91 Acres

      Houston Multifamily & Warehouse Investment

      Prime Houston location, high-yield potential.
      0 Swc Of Kuykendahl Rd & Ella Blvd, Houston, TX 77090
      View Details
    • Contact for pricing
      2.20 Acres

      I-45 Frontage Commercial Land

      Houston, TX: Prime Development Site
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      4.35 Acres

      I-45 Frontage Commercial Land

      Houston, TX: 4.35 acres, high traffic.
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      9.55 Acres

      Alexandria Office Suite Available

      Prime Alexandria Office: 623 sq ft, $800/month
      0 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing
      90,508 SF

      Texas Medical Arts Tower

      Medical office building in Houston's Medical District for sale.
      17070 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      6,818 SF

      Medical Office in Houston

      Turnkey medical office in a high-demand Houston area.
      17325 Red Oak Dr, Houston, TX 77090
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hard Corner Lot For Lease

      1.53 acre hard corner lot available for ground lease.
      15651 North Fwy, Houston, TX 77090
      View Details
    • Contact for pricing

      North Houston Healthcare Corridor Office

      Office space in established North Houston healthcare corridor.
      17270 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      74,402 SF

      Houston Office Building For Rent

      20-acre campus near The Woodlands with ample parking.
      140 Cypress Station Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      5,399 SF

      Industrial Space Available For Lease

      Industrial property with 5,294 square feet available for lease.
      220-221 Barren Springs Dr, Houston, TX 77090
      View Details
    • Contact for pricing
      3,140 SF

      Northwest Houston Medical Office Space

      Medical office spaces available near HCA Houston Healthcare Northwest.
      17203 Red Oak Dr, Houston, TX 77090
      View Details
    • Contact for pricing

      Freeway Frontage Retail Opportunity

      Prime location with high traffic and excellent visibility.
      14504 N Fwy Service Rd, Houston, TX 77090
      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.
    601 Cypress Sta Dr, Unit 131
    Houston, TX 77090-1579
    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.
    Sign Up Successful!
    You now have access to more from Realmo!