Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    651 N Shepherd Dr Houston, TX 77007

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space available for lease, includes office and dock doors.

    Property Features for 651 N Shepherd Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Leigh Anne Ahr
    Source: Crexi

    Listing Agency: Proximity Commercial Advisors Listing Agent: Leigh Anne Ahr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Warehouse with Office Space

    This property offers a warehouse space available for lease. The suite includes 900 square feet of office space, two dock doors, and two restrooms.
    Location Intelligence

    Current Use by Public Records

    Mantis Piping (Formerly ... Building Supply ABC Supply Co. ... Building Supply PJ Valves Americas Oil & Natural Gas Company HMS Corporation Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    CubeSmart Self Storage, Near2Me Storage Units, Paradigm Electronic Solutions, Near Me Self Storage Units, Life Storage

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.409876
    Latitude
    29.787428

    Nearby Similar for Lease

    • Contact for pricing

      Spaces Downtown Greenstreet

      Workspaces, services and support to help you grow your business in OR, Portland - 555 SE Martin Luther King Boulevard
      1201 Fannin St, Houston, TX 77002
      View Details
    • Contact for pricing

      Spaces Galleria at Post Oak

      Workspaces, services and support to help you grow your business in Spaces Galleria at Post Oak
      1980 Post Oak Blvd, Houston, TX 77056
      View Details
    • Sponsored
      Contact for pricing

      TX, Houston - 1415 Louisiana St

      Workspaces, services and support to help you work better in TX, Houston - 1415 Louisiana St
      1415 Louisiana St, Houston, TX 77002
      View Details
    • Sponsored
      Contact for pricing

      TX, West Houston - North Loop Freeway

      Workspaces, services and support to help you work better in John Hancock Center
      1111 Loop Fwy, Houston, TX 77008
      View Details
    • Contact for pricing

      TX, Houston - Energy Tower III

      Discover many ways to work your way in NY, East Rochester - Commercial Street
      11740 Katy Fwy, Houston, TX 77079
      View Details
    • Contact for pricing

      TX, Houston - Kirby Dr

      Workspaces, services and support to help you work better in MA, Holbrook - Franklin Street
      8990 Kirby Dr, Houston, TX 77054
      View Details
    • Contact for pricing

      TX, Houston - Wilcrest Dr

      Workspaces, services and support to help you work better in TX, Houston - Wilcrest Dr
      2500 Wilcrest Dr, Houston, TX 77042
      View Details
    • Contact for pricing

      Spaces Kirby Grove

      Find fully flexible work and meeting space in Spaces Kirby Grove
      2925 Richmond Ave, Houston, TX 77098
      View Details
    • Contact for pricing

      Northchase Drive

      Discover many ways to work your way in KMG Building
      16510 Northchase Dr 1Rst &, Houston, TX 77060
      View Details
    • Contact for pricing

      TX, Houston - FM 1960

      Flexible workspace in PA, Greensburg - Main St
      7075 Fm 1960 Rd, Houston, TX 77069
      View Details
    • Contact for pricing

      TX, Houston - Sam Houston Pkwy

      Flexible workspace in PA, Greensburg - Main St
      1530 Sam Houston Pkwy, Houston, TX 77043
      View Details
    • Contact for pricing

      TX, Houston - 708 Main Street

      Workspaces, services and support to help you grow your business in TX, Houston - 708 Main Street
      708 Main St, Houston, TX 77002
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space available for lease, includes office and dock doors.
    Where is this warehouse located?
    The property is located at 651 N Shepherd Dr Houston, TX.
    What are key features of this property?
    This property features: - 900sf of office space; - Warehouse for lease; - Features 2 dock doors
    Request Owner's contact information
    651 N Shepherd Dr Houston, TX 77007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    651 N Shepherd Dr
    Houston, TX 77007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    651 N Shepherd Dr Houston, TX 77007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Leigh Anne Ahr
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!