7440 Cypress Creek PkwyHouston, TX 77070

Property Details for 7440 Cypress Creek Pkwy

Year built

1993

Construction

STEEL FRAME

Lot size

0.80 AC

Property size (Sq ft)

10,292 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1166620000003

APU

1166620000003

Description

This exceptional 10,000 square foot Class B medical office building, situated on a 0.8-acre lot at 7440 Cypress Creek Parkway in Houston, Texas 77070, presents a unique investment opportunity. Built in 1993, the property features two suites, each offering 5,000 square feet of versatile space. Currently, the entire 10,000 square feet is vacant, providing immediate occupancy for a single tenant or the opportunity to lease to multiple tenants. One suite is a fully built-out medical office space, ideal for healthcare professionals seeking a move-in ready solution. The second suite is a flexible space, partially built-out, perfect for retail or other businesses requiring adaptable layouts. The property's location in a high-traffic, high-density area ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the Houston market. The property is zoned for retail and office use, offering flexibility for a variety of businesses. This prime location offers significant potential for growth and profitability. The minimum divisible space is 5,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,550,290

  6.5%

  $2,354,120

  7%

  $2,185,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,607,520

  Geo Method

  $3,081,320

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,863,280

  Retail / Commercial

  $2,449,120

  Mixed-Use / Specialty

  $2,405,130

  Hospitality / Lodging

  $1,718,660

  Institutional / Educational

  $2,487,760

  Residential Income

  $2,910,680

  Multifamily

  $3,686,390

  Automotive / Energy

  $2,132,370

  Parking / Income-Based Land

  $770,690

  Restaurant / Food Service

  $1,175,680

  Healthcare / Senior Housing

  $2,502,570

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9666

Longitude

-95.5394

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].