Houston Retail Center For
2015 W 34th St Houston, TX 77018
2015 W 34th St, Houston, TX, 77018
$2,299,000
For Sale
$2,299,000
6,329 SF retail center in Houston's Oak Forest neighborhood.
Property Size6,329 SF
Lot Size0.41 Acres
Price / SF$363.25
Days on Market114
Property Features for 2015 W 34th St
General Information
- Standard status
- Active
- Size
- 6,329 SF
- Lot size
- 0.41 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1995
Listing agency
Houston Office
(713) 452-4257
Listed by
Gus Lagos · License #License(s): TX: 419197
(713) 452-4257
Source
Marcusmillichap
Added: Mar 31 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houston Office
Investment Insights
Based on property information with market context.
Located at 2015 West 34th Street in Houston, Texas, West 34th Center is a 6,329-square-foot retail center situated on approximately 0.41 acres. The property is located adjacent to the hard, signalized corner of West 34th Street and Oak Forest Drive. The retail center is 100 percent occupied, accommodating eight tenants. An investor could add value by converting leases to triple-net. The Oak Forest and Garden Oaks neighborhoods, located just north of Loop 610, have emerged as residential markets marked by price appreciation, growing demand, and active redevelopment. As of late 2025, median sale prices in the combined Oak Forest-Garden Oaks area reflect year-over-year gains. Oak Forest median prices showed growth (with recent figures indicating roughly 32.9 percent year-over-year appreciation to around $698,000) while the broader Oak Forest-Garden Oaks neighborhood saw its median around $525,000, up more than 10 percent compared to the previous year. The overall trend for Oak Forest / Garden Oaks has leaned toward price appreciation and sustained buyer interest, especially as homebuyers look for inner-loop locations with established community character and redevelopment potential.
Key Highlights
- 100% Occupied Retail Center: Provides immediate income stream.
- Prime Location: Situated adjacent to a hard, signalized corner.
- Strong Neighborhood Growth: Located in the Oak Forest/Garden Oaks area.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.9k | $20.52 |
| − Vacancy | −$7.3k | −$1.15 |
| EGI | $122.6k | $19.37 |
| − OpEx | −$36.8k | −$5.81 |
| NOI | $85.8k | $13.56 |
6,329 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,819 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,922 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Misty Rockwell Artistry ...
Cosmetic Store
Pixster Photo Booth ...
Photography Service
Kat Creech Events
Wedding Service
GloGirl Spray Tanning
Tanning Salon
Photo Booth Houston ...
Photography Service
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FAQs
What type of property is this?
Strip mall - 6,329 SF retail center in Houston's Oak Forest neighborhood.
Where is this strip mall located?
The property is located at 2015 W 34th St Houston, TX.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 100% Occupied Retail Center: Provides immediate income stream.; Prime Location: Situated adjacent to a hard, signalized corner.; Strong Neighborhood Growth: Located in the Oak Forest/Garden Oaks area.
