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    1324 N Shepherd Dr, Unit | Houston Houston, TX 77008

    For Sale
    $14,500,000

    Retail investment opportunity in the Houston Heights area of Houston.

    Property size:
    23,895 SF

    Property Features for 1324 N Shepherd Dr

    General Information

    Size
    23,895 SF

    Building Details

    Year built
    2021

    Source: Brent Fredricks Agent Brent Fredricks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Houston Heights Retail Investment Opportunity

    Located on the east side of N Shepherd Dr between 13th and 14th St in the Houston Heights area of Houston, Texas, this retail investment property offers a prime location in a historically charming and economically vibrant neighborhood. Known as Heights Forum, the property benefits from high foot traffic and is easily accessible to both local residents and visitors. The property, with a size of 23895 square feet, features a resilient and recession-proof tenant mix that includes healthcare providers, professional services, wellness centers, and curated food services. This award-winning, best-in-class design was the winner of the 2022 Red News Awards Mixed-Use Project of the Year. The property has below-market rents, which present significant future earnings growth potential, and built-in annual base rent increases guarantee rising revenues.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    YogaSix Heights Yoga Studio Swish Dental Houston ... Cosmetic Dentist Defined Brow Co. Eyebrow Bar Le Beau Hair Salon Top Care Emergency ... Emergency Room

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.4096695
    Latitude
    29.7945475

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    FAQs

    What type of property is this?
    Neighborhood center - Retail investment opportunity in the Houston Heights area of Houston.
    Where is this neighborhood center located?
    The property is located at 1324 N Shepherd Dr, Unit | Houston Houston, TX.
    What is the asking price?
    The asking price for this property is $14,500,000.
    What are key features of this property?
    This property features: - Award-winning, best-in-class design recognized as the 2022 Red News Awards Mixed-Use Project of the Year.; - Strategically located in the heart of the Houston Heights, a high-traffic, economically vibrant neighborhood.; - Resilient, recession-proof tenant mix including healthcare, professional services, wellness, and curated food services.
    (713) 823-1200
    Request Owner's contact information
    1324 N Shepherd Dr, Unit | Houston Houston, TX 77008
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1324 N Shepherd Dr, Unit | Houston Houston, TX 77008
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