Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Office buildings
9950 Cypresswood Dr Houston, TX 77070-3414
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-4619529
Property summary
AI-generated overview
One Cypresswood offers exceptional executive office suites for lease in Houston, Texas. This three-story building, situated on a 2.075-acre lot at 9950 Cypresswood Dr, 77070, provides a total of 28,541 square feet of premium office space. Currently, there are 5,497 square feet of vacant space available, divisible into units as small as 732 square feet and offering contiguous spaces up to 1,806 square feet. The building features ample parking with 138 spaces available for tenants and their guests. The property is ideally suited for businesses seeking flexible and modern office solutions. Its convenient location in Houston offers easy access to major transportation routes and amenities. The building's multiple tenancy structure allows for a diverse and collaborative environment. This is a fantastic opportunity to secure high-quality office space in a prime Houston location. Contact us today to learn more about available suites and lease terms. The building's address is 9950 Cypresswood Dr, Houston, TX 77070.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
62,072 SF
Lot
2.08 ac (90,409 SF)
APN
1170190000001
UPID
US82-4619529
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
-
Padgett Advisors Accounting Firm Tax Preparation
-
Trade Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
MSI Engineers Engineering Consultant
-
Cypresswood Christian Counseling Counselor
-
Enie Bourland Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
9950 CYPRESSWOOD
9950 CYPRESSWOOD
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 Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / 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
$23,242
Tax year 2022
Assessed value
$3,074,630
Assessed 2024
Previous assessed
$3,039,260
+1.2% YoY
Effective rate
0.76%
On assessed value
Assessed land
$542,454
Assessed improvement
$2,532,176
Land market value
$542,454
Improvement market value
$2,532,176
Total market value
$3,074,630
Applied tax rate
4.0000
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
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
62,072 SF
Lot
2.08 ac (90,409 SF)
APN
1170190000001
UPID
US82-4619529
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
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
9950 CYPRESSWOOD
Individual
Free & Clear · 0 yrs held
Mailing address
8500 CYPRESSWOOD DR STE #201, SPRING, TX 77379-7109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9950 Cypresswood Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
