14904 Spring Cypress RdCypress, TX 77429

Property Details for 14904 Spring Cypress Rd

Year built

2015

Construction

METAL FRAME

Lot size

0.93 AC

Property size (Sq ft)

9,030 SF

Property type

Auto shops

APN

1257390010001

APU

1257390010001

Description

This exceptional investment opportunity presents a 5,746 square foot auto shop in Cypress, Texas, currently operating under a 20-year absolute NNN lease with a tenant in place. Built in 2015 and renovated in 2022, the property boasts a 7% cap rate and a substantial net operating income (NOI) of $300,000. The lease includes 10% rent bumps every five years and three 10-year renewal options, ensuring long-term, stable income. Located at 14904 Spring Cypress Rd, 77429, in Harris County, this property benefits from high traffic counts (24,529 vehicles daily on Spring Cypress Rd and 37,785 on Telge Rd) and is surrounded by strong retail anchors including 7-Eleven, H-E-B, Chick-fil-A, and more. The affluent area boasts an average household income exceeding $161,073 within a one-mile radius. This sale includes a leaseback agreement, minimizing landlord responsibilities. The property's strong tenant, high NOI, and favorable lease terms make this a compelling investment opportunity with significant long-term potential. The asking price is $4,290,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,718,558

  6.5%

  $2,509,438

  7%

  $2,330,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,363,489

  Geo Method

  $6,812,799

• Alternative Use

  Use

  Valuation

  Residential

  $2,116,805

  Hospitality

  $1,938,982

  Educational

  $1,613,210

  Medical

  $1,668,691

  Retail

  $2,509,438

Location Insight

City

Cypress

County

Harris

State

Texas

Latitude

29.9924

Longitude

-95.6502

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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