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    1138 Gray St Houston, TX 77002

    For Lease
    $6,000 /Mo ($22 SF/Yr)

    Unique commercial leasing opportunity in a prime Montrose/Midtown location.

    Property size:
    3,172 SF
    Lot size:
    0.12 Acres

    Property Features for 1138 Gray St

    General Information

    Size
    3,172 SF
    Lot size
    0.12 Acres

    Source: Ray Allison, Broker Agent Ray Allison

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

    Overview

    Montrose Retail Storefront and Bungalow

    This commercial leasing opportunity is located in the Montrose/Midtown area. The property includes two updated structures, to be leased together for commercial use only. The first structure, located at 1138 West Gray, is a retail storefront of approximately 2,024 square feet. Built in 1935, it has been recently updated with refinished floors and fresh paint. It was previously operated as a framing shop/studio. The second structure, located at 1136 West Gray, is a bungalow of approximately 1,148 square feet. It features 2 rooms, 1 bath, and a sunroom, and is located directly behind the storefront. It has been recently renovated with refinished hardwoods and fresh paint. It is suitable for offices, a break room, or a creative studio. The total property size is 3,172 square feet. The property is offered strictly “as is” and includes a new HVAC system and water heaters. Preferred uses include retail, dry goods, creative studio, or other light commercial ventures. Residential occupancy is not permitted. Limited on-site parking is available, with ample street parking nearby. Additional parking spaces are available for lease in a nearby fenced lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3936163
    Latitude
    29.7535327

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    FAQs

    What type of property is this?
    Retail space - Unique commercial leasing opportunity in a prime Montrose/Midtown location.
    Where is this retail space located?
    The property is located at 1138 Gray St Houston, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime Montrose/Midtown location offers high visibility and accessibility.; - Two updated structures (retail storefront and bungalow) provide versatile commercial space totaling approximately 3,172 SF.; - Gross lease includes 2025 property taxes and hazard insurance, simplifying budgeting.
    (832) 689-9938
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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
    1138 Gray St Houston, TX 77002
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