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    118 Shenandoah Dr Shenandoah, TX 77381

    Sponsored
    For Sale
    $1,680,000

    Prime Shenandoah location, high-traffic area.

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional mixed-use property, located at 118 Shenandoah Dr, Shenandoah, TX 77381, presents a compelling investment opportunity. The 5,600 square foot building, constructed in 1979, sits on a 0.52-acre lot and is zoned for mixed use, allowing for diverse operational possibilities. Currently configured as a multi-tenant property, it features five units within a single-story building. One tenant currently occupies 1,850 square feet, leaving 3,750 square feet available for lease or owner-occupancy. The property's classification is Class C. The convenient location offers excellent visibility and accessibility, only a short distance from I-45, ensuring high traffic flow and potential for strong tenant occupancy. With 7.43 parking spaces per 1,000 square feet, ample parking is available for tenants and customers. The net rentable space totals 1,850 square feet. This owner/user investment is ideal for those seeking a versatile property with immediate income potential and significant upside. The property's adaptability to various business types, combined with its strategic location and ample parking, makes it an attractive proposition for both investors and owner-occupiers. The asking price for this unique opportunity is $1,680,000.

    Property Features for 118 Shenandoah Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,600 SF
    Class
    C
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 1850 square feet of leasable space available.
    • One existing tenant occupies multiple suites.
    • Excellent investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Spa & Massage Dental Office Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shenandoah
    County
    Montgomery
    State
    Texas
    Longitude
    -95.453394227595
    Latitude
    30.181075825179

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Shenandoah location, high-traffic area.
    Where is this lifestyle center located?
    The property is located at 118 Shenandoah Dr Shenandoah, TX.
    What is the asking price?
    The asking price for this property is $1,680,000.
    What are key features of this property?
    This property features: 1850 square feet of leasable space available.; One existing tenant occupies multiple suites.; Excellent investment opportunity.
    Request Owner's contact information
    118 Shenandoah Dr Shenandoah, TX 77381
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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
    118 Shenandoah Dr Shenandoah, TX 77381
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