Houston Retail Center For
2015 W 34th St, Houston, TX 77018
For Sale
Contact for pricing
Fully occupied 6,329 SF retail center in Houston, Texas.
Property Size6,329 SF
Lot Size0.41 Acres
Price / SF$363.25
Days on Market273
Property Features for 2015 W 34th St
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License TX #419197
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Marcus & Millichap - Houston
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Investment Insights
Based on property information with market context.
The West 34th Center, located at 2015 West 34th Street in Houston, Texas, is available for sale. This retail center has a total area of 6,329 square feet and is situated on approximately 0.41 acres. The property is located adjacent to the signalized corner of West 34th Street and Oak Forest Drive. The property is fully occupied by eight tenants. The Oak Forest and Garden Oaks neighborhoods, located just north of Loop 610, have experienced robust price appreciation, growing demand, and active redevelopment. As of late 2025, the median sale prices in the combined Oak Forest-Garden Oaks area reflect year-over-year gains. Oak Forest median prices showed strong growth with 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
- Located in the highly desirable Oak Forest/Garden Oaks area, known for strong residential market growth and price appreciation.
- 100% occupancy with eight tenants, providing immediate income.
- Located on a high‑traffic, signalized corner of West 34th Street and Oak Forest Drive.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,819
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,380
$1.7M
Cap Rate 7%
$1,225,986
$1.2M
Cap Rate 9%
$953,544
$953.5K
Market Conditions
NOI Build-Up for 6,329 SF
Gross rent
$129.9K $20.52/SF
− Vacancy
−$7.3K −$1.15/SF
EGI
$122.6K $19.37/SF
− OpEx
−$36.8K −$5.81/SF
NOI
$85.8K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,380
Cap Rate 7%
$1,225,986
Cap Rate 9%
$953,544
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
Median Home Value
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Market
Properties on Market for Shopping centers in Houston
Vacancy Rate% for Retail in Houston, TX
Similar Off Market Nearby
- Ella Oaks — 1727-1737 W 34th St, Houston, TX 77018
- Ella Plaza — Ella Blvd, Houston, TX 77018
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied 6,329 SF retail center in Houston, Texas.
Where is this shopping center 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: Located in the highly desirable Oak Forest/Garden Oaks area, known for strong residential market growth and price appreciation.; 100% occupancy with eight tenants, providing immediate income.; Located on a high‑traffic, signalized corner of West 34th Street and Oak Forest Drive.
