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

Healthcare properties

Property subtype

Medical offices

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%

  $2,250,260

  6.5%

  $2,077,163

  7%

  $1,928,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,607,521

  Geo Method

  $3,081,322

• Alternative Use

  Use

  Valuation

  Residential

  $2,575,682

  Hospitality

  $2,359,310

  Educational

  $1,962,919

  Medical

  $2,030,426

  Retail

  $3,053,429

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

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