Technical
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Property profile

7929 Shepherd Dr Houston, TX 77088

OFF-MARKET
Medical Office Space
Property ID
US82-2616032
7,184 SF 1.36 ac lot Built 2009
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional executive office building, located at 7929 North Shepherd Drive in Houston, Texas, presents a unique investment opportunity. The property boasts a substantial 6,600 square feet of office space, ideally suited for a variety of businesses. Situated on a generous 1.36-acre lot, the building offers ample parking with a ratio of 5.45 spaces per 1,000 square feet. Conveniently located with easy access to Interstate 45, this property ensures excellent accessibility for employees and clients. The building underwent a complete remodel in 2020, ensuring modern and updated interiors. Further enhancing security and privacy, the property is fully fenced and gated. The property is not located within a floodplain, mitigating potential flood-related risks. This turnkey executive office building offers a blend of functionality, convenience, and modern amenities, making it an attractive proposition for discerning buyers seeking a prime location in Houston's thriving business environment. The property's size and features make it suitable for a range of business needs, from small to medium-sized enterprises. The ample parking ensures convenient access for staff and visitors. The recent remodel guarantees a modern and efficient workspace. The strategic location and security features provide peace of mind and operational efficiency. This is a rare opportunity to acquire a well-maintained and strategically located executive office building in a desirable Houston neighborhood.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction WOOD FRAME
Total area 7,184 SF
Lot 1.36 ac (59,120 SF)
APN 461680000074
UPID US82-2616032

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Physician

Location

7929 Shepherd Dr Houston, TX 77088-6346
Houston metro Census 533301 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2019
$1.1M
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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