Prime Shepherd Drive Retail
3619 S Shepherd Dr Houston, TX 77098
3619 S Shepherd Dr, Houston, TX, 77098
Contact for pricing
For Sale
Contact for pricing
6,000 SF retail space on highly desired Shepherd Drive.
Property Size6,000 SF
Price / SF$416.67
Days on Market863
Property Features for 3619 S Shepherd Dr
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Land
Listing Agency
NewQuest Properties
(281) 477-4384
Listed by
Glenn Dickerson · License #TX
Source
Crexi
Added: Mar 7, 2024 Checked: Jul 17 at 9:06 am
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 NewQuest Properties
Investment Insights
Based on property information with market context.
Located on Shepherd Drive, this 6,000 SF property currently houses the Rockin’ Robin Music Store and is available for the first time in 40 years. The business and its inventory are also available for purchase. The property's location offers excellent visibility and accessibility, with close proximity to Hwy 59, River Oaks, The Galleria, Highland Village, and Montrose. High-end retail, restaurants, and museums are nearby, making this location an attractive investment opportunity for an owner/user or developer.
Key Highlights
- Highly desirable Shepherd Drive location.
- Excellent visibility and accessibility due to proximity to Hwy 59, River Oaks, The Galleria, Highland Village and Montrose.
- Attractive investment opportunity for owner/user or developer.
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 | $123.1k | $20.52 |
| − Vacancy | −$6.9k | −$1.15 |
| EGI | $116.2k | $19.37 |
| − OpEx | −$34.9k | −$5.81 |
| NOI | $81.4k | $13.56 |
6,000 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,358 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,000 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rockin' Robin
(Bike/Boat/Book/etc) Store
Little Pro Audio ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
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FAQs
What type of property is this?
Storefront property - 6,000 SF retail space on highly desired Shepherd Drive.
Where is this storefront property located?
The property is located at 3619 S Shepherd Dr Houston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Highly desirable Shepherd Drive location.; Excellent visibility and accessibility due to proximity to Hwy 59, River Oaks, The Galleria, Highland Village and Montrose.; Attractive investment opportunity for owner/user or developer.
