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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9803 Spring Cypress Rd Houston, TX 77070

    • Strip malls
    • 13,500 SF
    • 1.00 lot acres
    For Lease
    View listing
    Value Estimations
    $420,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0375649
    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

    • Martin Deutsch - State Farm Insurance Agent / Home Insurance Agency / Life Insurance Agency
    • The Firm U Private Personal Training - Laser Lipo Spa & Weight Loss Clinic / Physical Fitness Program / Spa And Health Club
    • The Firm U / Physical Fitness Program / Nutritionist
    • The Bayou Cajun Cafe / Cajun Restaurant / American Restaurant
    • The Best Tailor & Alteration - Spring Cypress / Tailor

    Property Details for 9803 Spring Cypress Rd

    Year built
    2003
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    13,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1240920010002
    APU
    1240920010002

    Description

    Spring Cypress Plaza offers a fantastic opportunity for a restaurant operator seeking a move-in ready space. This 2,100 square foot unit is located within a 17,400 square foot strip center, conveniently situated in the Cypresswood dr submarket cluster of Northwest Houston, near Old Louetta Rd. The property is a Class B building constructed in 2003, featuring a single story with ample parking (50 spaces). The space is a second-generation restaurant, complete with a grease trap and vent hood, eliminating significant upfront build-out costs. Benefit from high visibility with pylon and marque signage. The center is a thriving neighborhood shopping center, strategically positioned near several local schools, ensuring a consistent flow of potential customers. The minimum divisible space is 2,100 square feet, and the maximum contiguous space available is also 2,100 square feet. This is an ideal location for a restaurant seeking a strong presence in a well-established community. Don't miss this chance to establish your business in this prime retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $355,000
      Market price range: $224k - $437k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $340,000
      Current use
      WAREHOUSE, STORAGE
      $685,000
      Change: +102% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $595,000
      Change: +75% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5709
    Latitude
    30.0219
    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
    $31,126
    $260,844
    $1,532,116
    $1,792,960
    -
    $260,844
    $1,532,116
    $1,792,960

    Comparable in this City

    • Value Estimation
      $245,000
      28,371 SF

      11550 Louetta Rd

      SHOPPING CENTER, STRIP CENTER • 28,371 SF
      11550 Louetta Rd, Houston, TX 77070-1368
      View Details
    • Value Estimation
      $710,000
      25,848 SF

      12120 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 25,848 SF
      12120 Jones Rd, Houston, TX 77070-5279
      View Details
    • Value Estimation
      $830,000
      28,946 SF

      13339 Jones Rd

      SHOPPING CENTER, STRIP CENTER • 28,946 SF
      13339 Jones Rd, Houston, TX 77070-3915
      View Details
    • Value Estimation
      $650,000
      68,105 SF

      18355 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 68,105 SF
      18355 State Hwy 249, Houston, TX 77070-4319
      View Details
    • Value Estimation
      $440,000
      5,711 SF

      21503 State Hwy 249

      SHOPPING CENTER, STRIP CENTER • 5,711 SF
      21503 State Hwy 249, Houston, TX 77070-1647
      View Details
    • Value Estimation
      $600,000
      16,137 SF

      10540 Cypress Crk Pkwy

      SHOPPING CENTER, STRIP CENTER • 16,137 SF
      10540 Cypress Crk Pkwy, Houston, TX 77070-6339
      View Details

    Similar Nearby for Sale

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      10,250 SF

      Redfish Grill: Restaurant Sale

      Established Houston restaurant, high growth potential.
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      6.25 Acres

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      Prime 6.25-acre commercial lot in Houston, TX.
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      High-Visibility Houston Warehouse

      Freeway-adjacent warehouse, office space, high potential.
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    • $850,000

      Houston Medical Office Condo

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    • $3,767,940
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      3.46 Acres, Prime Commercial Location
      9422 Grant Rd, Houston, TX 77070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      324,000 SF

      Vintage Park Medical Office Space

      8 Suites Available, 1,105-3,232 SF
      110 Vintage Park Blvd, Houston, TX 77070
      View Details
    • Contact for pricing
      6,650 SF

      Prime Retail Space Available

      Retail spaces and pad sites available near Willowbrook Mall.
      18355 State Highway 249, Houston, TX 77070
      View Details
    • $18 SF/Yr
      1,890 SF

      Retail Space in High-Traffic Area

      Retail space in a center catering to a high-income population.
      12340 Jones Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      102,758 SF

      Houston Retail Space Available

      Prime Houston retail, multiple spaces.
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      View Details
    • Contact for pricing
      24,800 SF

      Houston Office/Retail Space for Lease

      24,800 SF Multi-Tenant Office Building
      13311 Hargrave Rd, Houston, TX 77070
      View Details
    • $18 SF/Yr
      12,000 SF

      Lake Road Office Suites

      Prime Office Space, Multiple Sizes Available
      10320 Lake Rd, Houston, TX 77070
      View Details
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    9803 Spring Cypress Rd
    Houston, TX 77070
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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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