21214 Nw Fwy, Cypress, TX 77429 – Hospital

Institutional & Special Purpose BuildingsYear Built 2006Total Assessed Value $100,131,281County Harris

Property Details

The Institutional & Special Purpose Buildings property 21214 Nw Fwy, Cypress, TX 77429 is located in Harris County. The specific property type is Hospital. The total assessed value of this property is $100,131,281.

The gross building area is 311,285 square feet and the land area is 630,479 square feet for this Hospital built in 2006.

Legal description: Res A Blk 1 North Cypress Medical Center

$100,131,281

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

$11,278

Avg Rent

Property Image of 21214 Nw Fwy, Cypress, TX 77429, Institutional & Special Purpose Buildings

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Property Information

Property TypeInstitutional & Special Purpose Buildings

Sub Property TypeHospital

Building Area311,285

Land Size630,479

Land Value$5,971,475

Improved Value$94,159,806

Total Assessed Value$100,131,281

Year Built2006

County NameHarris

Account Number1324060010001

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Type ConstructionMasonry

Number of Units92

Elevator

Exterior WallsGlass

Sales History

9/1/2018

Arms-length$148,000,000

Buyer

Kph Consolidation Inc

Seller

North Cypress Medical Center Operating C

Book Number

2018-405833

Recording Date

9/1/2018

Transaction Details

Kph Consolidation Inc acquired the property from North Cypress Medical Center Operating C through a Arms-length transaction on 9/1/2018 for $148,000,000.

8/23/2018

Arms-lengthNot Disclosed

Buyer

North Cypress Medical Center Operating C

Seller

Northern Healthcare Land Ventures Ii Ltd

Book Number

2018.405821

Recording Date

8/23/2018

Transaction Details

North Cypress Medical Center Operating C acquired the property from Northern Healthcare Land Ventures Ii Ltd through a Arms-length transaction on 8/23/2018 for .

8/2/2018

Arms-lengthNot Disclosed

Buyer

North Cypress Medical Center Operating C

Seller

Mpt Of North Cypress L P

Book Number

2018.405815

Recording Date

8/2/2018

Transaction Details

North Cypress Medical Center Operating C acquired the property from Mpt Of North Cypress L P through a Arms-length transaction on 8/2/2018 for .

5/15/2017

Arms-lengthNot Disclosed

Buyer

Htanorth Cypress I Llc

Seller

Northern Healthcare Land Ventures Ii

Book Number

2017.210534

Recording Date

5/15/2017

Transaction Details

Htanorth Cypress I Llc acquired the property from Northern Healthcare Land Ventures Ii through a Arms-length transaction on 5/15/2017 for .

5/31/2007

Arms-lengthNot Disclosed

Buyer

Mpt Of North Cypress Lp

Seller

Subramanyam Manny

Book Number

Recording Date

5/31/2007

Transaction Details

Mpt Of North Cypress Lp acquired the property from Subramanyam Manny through a Arms-length transaction on 5/31/2007 for .

Property constructed in 2006

YSale Price (USD) byXSales Year

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Mortgage History

8/22/2013

Sale$4,713,080

Borrower

North Cypress Medical Center Cancer Center

Lender

Book Number

Recording Date

8/22/2013

Transaction Details

North Cypress Medical Center Cancer Center borrowed the property from through a transaction on 8/22/2013 for $4,713,080.

Property constructed in 2006

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$5,971,475	$133,616,664	$139,588,139	$139,588,139	Kphconsolidation Inc	Po Box 80610	Res A Blk 1 North Cy...	9193.06	-	630,479	390,932
2025	$5,971,475	$91,915,976	$97,887,451	$97,887,451	Kphconsolidation Inc	Po Box 80610	Res A Blk 1 North Cy...	9193.06	-	630,479	311,285
2024	$5,971,475	$91,629,459	$97,600,934	$97,600,934	Kph-consolidation In...	Po Box 80610	Res A Blk 1 North Cy...	9193.06	-	630,479	311,285
2023	$5,971,475	$91,606,505	$97,577,980	$97,577,980	Kph-consolidation In...	Po Box 80610	Res A Blk 1 North Cy...	9193.06	NORTH CYPRESS MEDICA...	630,479	311,285
2022	$5,971,475	$65,028,525	$71,000,000	$71,000,000	Kph-consolidation In...	Po Box 1504	Res A Blk 1 North Cy...	9193.06	NORTH CYPRESS MEDICA...	630,479	311,285
2021	$5,971,475	$58,028,525	$64,000,000	$64,000,000	Kph-consolidation In...	Po Box 1504	Res A Blk 1 North Cy...	9193.06	NORTH CYPRESS MEDICA...	630,479	311,285
2020	$5,971,475	$60,028,525	$66,000,000	$66,000,000	Kph-consolidation In...	Po Box 1504	Res A Blk 1 North Cy...	9193.06	-	630,479	310,485
2019	$5,971,475	$59,028,525	$65,000,000	$65,000,000	Kph-consolidation In...	Po Box 1504	Res A Blk 1 North Cy...	9193.06	-	630,479	310,485
2018	$5,970,755	$59,029,245	$65,000,000	$65,000,000	Mpt Of North Cypress	1000 Urban Center Dr...	Pt Res A Blk 1 North...	9193.06	-	630,407	310,485
2017	$5,970,755	$60,029,245	$66,000,000	$66,000,000	Mpt Of North Cypress	1000 Urban Center Dr...	Pt Res A Blk 1 North...	9193.06	-	630,407	310,485

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
21214 Nw Fwy, Cypress, TX 77429	1324060010001	Institutional & Special Purpose Buildings	Hospital	Kphconsolidation Inc	Harris	-	$ 148,000,000	2018-09-01	$ 475.45	2006	311,285	92
3201 University Dr E, Bryan, TX 77802	106626	Institutional & Special Purpose Buildings	Hospital	3201 Univmob Mj Llc	Brazos	64.3	$ 22,266,274	2025-07-10	$ 167.42	1999	133,000	1
101circledr, Hillsboro, TX 76645	134230	Institutional & Special Purpose Buildings	Hospital	Mpt Of Hillsboro Lp	Hill	169.4	$ 13,086,143	2025-12-29	$ 47.84	2010	273,551	-
5601 Warren Pkwy, Frisco, TX 75034	2632288	Institutional & Special Purpose Buildings	Hospital	Frisco 5601 Mp Rk6, Llc	Collin	232.2	$ 115,000,000	2023-09-15	$ 690.47	2001	166,554	-
6201 N Suncoast Blvd, Crystal River, FL 34428	17E-17S-31-22400	Institutional & Special Purpose Buildings	Hospital	Tampa General Hospital Citrus	Citrus	789.7	$ 35,792,800	2023-11-27	$ 262.05	1978	136,589	-
7171 N Dale Mabry Hwy, Tampa, FL 33614	U28281816E000003000040	Institutional & Special Purpose Buildings	Hospital	University Community Hospital	Hillsborough	808.7	$ 20,725,000	2023-02-09	$ 66.56	2010	311,361	1
171 Fairview Rd, Mooresville, NC 28117	4646-80-5038.000	Institutional & Special Purpose Buildings	Hospital	Duke Health Lake Norman Regional Me	Iredell	946.8	$ 61,411,000	2025-03-26	$ 307.18	1998	199,918	-
501 Fairburn Rd Sw, Atlanta, GA 30331	14F-0012- LL-040-8	Institutional & Special Purpose Buildings	Hospital	Arberg Properties Llc	Fulton	707.5	$ 2,125,000	2024-12-16	$ 19.81	1978	107,246	-
5469 Sw 34th St, Gainesville, FL 32608	07240-055-000	Institutional & Special Purpose Buildings	Hospital	Gainesville Va Partners Llc	Alachua	800.1	$ 44,806,100	2022-10-28	$ 408.22	2022	109,760	-
4801 Harry Hines Blvd, Dallas, TX 75235	00000502630000000	Institutional & Special Purpose Buildings	Hospital	State Of Texas	Dallas	212.7	$ 37,385,469	2022-08-22	$ 71.21	2024	525,016	-
401 Woodland Hills Blvd, Fort Scott, KS 66701	203-06-0-40-01-001.03-0	Institutional & Special Purpose Buildings	Hospital	Kansas Re Investment Group Lllp	Bourbon	550.2	$ 3,125,000	2024-07-14	$ 22.78	2001	137,170	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	21214 Nw Fwy, Cypress, TX 77429	—	-	630,479	2006	311,285	$ 100,131,281	$ 5,971,475	-
Regent Bank	205 Hollow Tree Ln, Houston, TX 77090	08/27/2025	$ 20,000,000	523,704	1986	83,001	$ 10,010,176	$ 3,665,928	205 Hollow Tree Lane Llc
Third Coast Bank Ssb	10133 Interstate 10 E, Baytown, TX 77521	08/27/2025	$ 18,525,000	196,891	2018	18,888	$ 4,021,200	$ 1,356,000	Baymont Realty Llc
Austin County State Bank	N Cummings St, Bellville, TX 77418	07/29/2025	$ 8,478,699	256,481	2015	30,113	$ 3,294,850	$ 276,100	Bellville Hospital District
Texas Cap Community Dev Corp	4525 Glenwood Ave, Deer Park, TX 77536	07/23/2025	$ 2,000,000	380,910	1978	72,945	-	-	Cenikor Foundation
Greenberg Finance Llc	16750 Red Oak Dr, Houston, TX 77090	06/16/2025	$ 17,500,000	173,195	2015	50,754	$ 14,437,446	$ 1,356,004	Medical Village Iii Llc
Blue Sky Bank	14433 S Padre Island Dr, Corpus Christi, TX 78418	06/02/2025	$ 1,273,631	30,000	2004	5,582	$ 1,231,000	$ 330,000	14433 Sp Island Corpus Llc
Us Small Business Admn	4422 Riverstone Blvd, Missouri City, TX 77459	05/19/2025	$ 1,419,900	182,952	2011	35,266	$ 7,800,000	$ 1,070,269	American Cornerstone Health Se
Berkadia Commercial Mtg Llc	3211 Harvey Rd, College Station, TX 77845	05/01/2025	$ 17,897,800	198,067	2018	74,952	$ 11,975,497	$ 1,159,148	Black Ink Sodalis Gan Holdings
First State Bank	4422 Riverstone Blvd, Missouri City, TX 77459	04/15/2025	$ 300,000	182,952	2011	35,266	$ 7,800,000	$ 1,070,269	American Cornerstone Health Se
Siemens Financial Services Inc	351 Seton Pkwy, Round Rock, TX 78665	03/26/2025	$ 16,400,000	179,337	2018	48,028	$ 14,084,331	$ 1,524,360	Scope Fn Round Rock Llc

Mean$ 8,673,010

Median$ 3,518,248.5

Loan Amount Range$ 242,144 - $ 33,490,575

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	LONG, PATRICIA A NP	8329123500	NURSES-PRACTITIONERS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	GARDNER, KIMBERLY R MD	2819495941	PHYSICIANS & SURGEONS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	ASARE, LOUISA	8329123795	NURSES-PRACTITIONERS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	MARELLO, FRANK MD	8329123555	MEDICAL & SURGICAL SVC ORGANIZATIONS
21214 NORTHWEST FWY # 220, CYPRESS, TX 77429-2105	CARRIER, BRIAN P MD	8329123600	PHYSICIANS & SURGEONS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	NORTH CYPRESS MEDICAL CTR	2818900203	REAL ESTATE MANAGEMENT
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	RICE, RENEE MARIE DO	7132109529	PHYSICIANS & SURGEONS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	MERCHE RESTAURANT	2814777914	FULL-SERVICE RESTAURANTS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	LEE, CHUN YONG MD	7143313326	PHYSICIANS & SURGEONS
21214 NORTHWEST FWY, CYPRESS, TX 77429-2105	KIM, DANIEL J MD	8329123773	PHYSICIANS & SURGEONS

Showing 1 to 10 of 15 entries

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License Details

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