7025 Fry RdCypress, TX 77433

Property Details for 7025 Fry Rd

Year built

2019

Construction

METAL FRAME

Lot size

1.12 AC

Property size (Sq ft)

10,082 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1256840010005

APU

1256840010005

Description

The Shops at Tealbrook offers a prime retail space in the thriving Cypress market of Harris County. This multi-tenant property boasts a total of 9,530 square feet, currently featuring six suites. A highly visible 1,065 square foot space is immediately available, perfect for a variety of retail, restaurant, or office uses. The minimum divisible space is also 1,065 square feet. The property benefits from excellent visibility and access to major intersections within the Far West Cypress market. This location is strategically positioned adjacent to the rapidly expanding New Elyson Development by Newland, a master-planned community projected to encompass 6,200 homes and a population exceeding 250,000 within the next 8-10 years. This significant residential growth translates to a substantial increase in potential customers. The area's robust demographics are further supported by the presence of 33 elementary schools, 32 middle schools, and 6 high schools within close proximity, along with over 40,000 new homes in the immediate vicinity. Home prices in the area range from $110,000 to $980,000, indicating a diverse and growing market. Three high schools are located within one mile of the property, ensuring a strong local student population. This presents a unique opportunity to capitalize on the explosive growth and high demand in this dynamic area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,649,606

  6.5%

  $3,368,867

  7%

  $3,128,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,985,657

  Geo Method

  $7,606,494

• Alternative Use

  Use

  Valuation

  Residential

  $2,841,766

  Hospitality

  $2,603,042

  Educational

  $2,165,700

  Medical

  $2,240,182

  Retail

  $3,368,867

Location Insight

City

Cypress

County

Harris

State

Texas

Latitude

29.8813

Longitude

-95.7245

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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