$700,000
●
Land -
For Sale
5350 Cypresswood
Spring, TX 77379
Studio
0 Bath
$3,885
Est. Monthly
About This Property
This high-visibility site offers excellent frontage along
Cypresswood, delivering strong exposure for retail, medical, or
specialized development. Located in a thriving Spring submarket
surrounded by dense residential rooftops, established retail, and
office users, this property is ideal for investors or owner-users
seeking a strategic, well-positioned commercial pad with convenient
access to major thoroughfares.
What sets this opportunity apart is that it is not raw land-it is a fully prepared, development-ready project designed for immediate execution. Significant upfront work has already been completed, dramatically reducing entitlement risk, development timelines, and soft costs. The offering includes completed architectural plans, approved floor plans and site layout, finalized engineering and site planning, Phase I environmental clearance, and a completed soil report confirming build readiness. Water and utility availability have been verified.
What sets this opportunity apart is that it is not raw land-it is a fully prepared, development-ready project designed for immediate execution. Significant upfront work has already been completed, dramatically reducing entitlement risk, development timelines, and soft costs. The offering includes completed architectural plans, approved floor plans and site layout, finalized engineering and site planning, Phase I environmental clearance, and a completed soil report confirming build readiness. Water and utility availability have been verified.
Unit Size
-
Days on Market
-
Land Size
1.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$448
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 days ago (HAR #88629112)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 26, 2026 | Listed by Katarzyna Myhan, Broker | $700,000 | |
| Listed by Katarzyna Myhan, Broker | |||
| Feb 13, 2026 | Listed by Katarzyna Myhan, Broker | $700,000 | |
| Listed by Katarzyna Myhan, Broker | |||
   | |||
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This high-visibility site offers excellent frontage along Cypresswood, delivering strong exposure for retail, medical, or specialized development. Located in a thriving Spring submarket surrounded by dense residential rooftops, established retail, and office users, this property is ideal for investors or owner-users seeking a strategic, well-positioned commercial pad with convenient access to major thoroughfares.
What sets this opportunity apart is that it is not raw land—it is a fully prepared, development-ready project designed for immediate execution. Significant upfront work has already been completed, dramatically reducing entitlement risk, development timelines, and soft costs. The offering includes completed architectural plans, approved floor plans and site layout, finalized engineering and site planning, Phase I environmental clearance, and a completed soil report confirming build readiness. Water and utility availability have been verified.
| |||
Property Highlights
Exterior Details
Lot Features: Other, 1 Up to 2 Acres
Lot Size Area: 1.4919
Lot Size Units: Acres
Lot Size Acres: 1.4919
Lot Size Square Feet: 64987.164
Water Source: Public
Financial Details
Tax Annual Amount: $5,370
Utilities Details
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Harris
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Currently no similar homes aroundNearby Rentals
Listed by: Kate Myhan, Katarzyna Myhan, Broker
Last Updated: 2 days ago
Data Source: HAR , MLS# 88629112
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Last Updated: 2 days ago
Data Source: HAR , MLS# 88629112
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