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Property profile & analytics
FOR SALE
Office buildings
6620 Cypresswood Dr Spring, TX 77379
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2509276
For Sale
1 / 3
$3,105,000
6620 Cypresswood Dr, Spring, TX 77379
View Listing →
Property summary
AI-generated overview
This exceptional two-story office building, situated on approximately 0.87 acres in Spring, Texas, presents a unique investment opportunity. Located at 6620 Cypresswood Drive, between Stuebner Airline Road and TC Jester, this Class C property boasts excellent street frontage and visibility. Built in 2000 and renovated in 2018, the 21,615 square foot building currently houses doctor's offices and other professional services. Two suites are available for lease
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
METAL FRAME
Total area
22,000 SF
Lot
0.88 ac (38,141 SF)
APN
1183470020002
UPID
US82-2509276
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
-
FYZICAL Therapy & Balance Centers - Klein Physician
-
Caliber Home Loans Inc Loan Service Bank
-
Midstream Engineering Management Gas Company
-
blushlashbrowandskinllc Hair Salon Nail Salon
-
Bonaparte Joel W MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.73M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$4.04M
Owner & transaction history
Cypresswood Dlp Invs INC · 9 yrs held
Cypresswood Dlp Invs INC
since 2017
2 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 Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,125,000
6.5%
$4,730,000
7%
$4,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,175,000
Current use
INDUSTRIAL (GENERAL)
$6,150,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / 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
$35,931
Tax year 2022
Assessed value
$2,013,829
Assessed 2024
Previous assessed
$2,053,714
-1.9% YoY
Effective rate
1.78%
On assessed value
Assessed land
$228,840
Assessed improvement
$1,784,989
Land market value
$228,840
Improvement market value
$1,784,989
Total market value
$2,013,829
Applied tax rate
17.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2000
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
22,000 SF
Lot
0.88 ac (38,141 SF)
APN
1183470020002
UPID
US82-2509276
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Cypresswood Dlp Invs INC
Entity
Free & Clear · 9 yrs held
Mailing address
4007 KELLY DR, SUGAR LAND, TX 77478-5308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2017
—
Cypresswood Dlp Invs INC
Kbt Ents LLC
Grant Deed
related
—
Apr 6, 2015
—
Kbt Enterprises LLC
Aja Holdings LLC
Venders Lien
$1,000,000 · Compass Bank
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
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