21211 Fm 529 RdCypress, TX 77433

Property Details for 21211 Fm 529 Rd

Year built

2016

Construction

STEEL FRAME

Lot size

4.88 AC

Property size (Sq ft)

14,715 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1387150010001

APU

1387150010001

Description

This exceptional 13,850 square foot retail property, situated on a 4.88-acre lot in Harris County, presents a unique investment opportunity. The single-story building offers flexible space options, with five available units ranging from 1,750 to 3,000 contiguous square feet. A significant 10,508 square feet is currently vacant, providing immediate occupancy potential for a variety of retail uses. The building features a 70-foot depth and a drive-thru lane with a 45-foot width. An end cap space offers a 30-foot width with expansion possibilities. Outdoor patio seating is also available. This prime location boasts excellent visibility and accessibility, with convenient access to FM 529, Grand Parkway, and Fry Road. The property benefits from the proximity to a new residential development of approximately 3,000 homes, ensuring a strong and growing customer base. The shell condition is flexible, allowing for customization to suit individual tenant needs. This is an ideal location for businesses seeking high visibility and convenient access in a rapidly developing area. The minimum divisible space is 1,750 square feet, making it suitable for a range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,326,716

  6.5%

  $4,916,969

  7%

  $4,565,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,817,194

  Geo Method

  $11,101,920

• Alternative Use

  Use

  Valuation

  Residential

  $4,147,648

  Hospitality

  $3,799,223

  Educational

  $3,160,909

  Medical

  $3,269,617

  Retail

  $4,916,969

Location Insight

City

Cypress

County

Harris

State

Texas

Latitude

29.879

Longitude

-95.7365

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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