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    1324 Shepherd Dr Houston, TX 77008

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    For Sale
    Contact for pricing

    Mixed-use, 23,895 SF, 8 tenants.

    Property size:
    23,895 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, mixed-use property, located at 1324 N Shepherd Dr in Houston, Texas (77008), offers 23,895 square feet of leasable space across eight diverse tenants. Built in 2021 on a 1.125-acre lot (APN 1407190010001), the Heights Forum boasts an award-winning design, recognized as the 2022 Red News Awards Mixed-Use Project of the Year. Its strategic location in the heart of Houston Heights ensures high foot traffic and accessibility for both residents and visitors. The property features a resilient tenant mix, including healthcare providers, professional services, wellness centers, and curated food services, providing stability and recession-resistance. Below-market rents offer significant future earnings growth potential, further enhanced by built-in annual base rent increases guaranteeing rising revenues. This property represents a compelling investment opportunity, benefiting from remarkable home value growth, resilient property stability, and soaring land values in a historically charming and economically vibrant neighborhood. The property is categorized as a restaurant, shopping center, and storefront, making it a versatile and attractive investment.

    Property Features for 1324 Shepherd Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    23,895 SF
    Lot Size
    49,005 SF

    Building Details

    Year Built
    2021
    Stories
    2

    HighLights

    • 23,895 SF mixed‑use building on a 1.125‑acre lot in Houston's Heights neighborhood (77008).
    • Eight diverse tenants, including healthcare, professional services, wellness, and food & beverage, providing a resilient tenant mix.
    • 2022 Red News Awards Mixed‑Use Project of the Year, built in 2021.
    • Below‑market rents with built‑in annual increases offer significant upside potential.
    • Prime location in the Heights offers high foot traffic and strong visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    YogaSix Heights Yoga Studio Swish Dental Houston ... Dentist Defined Brow Co. Eyebrow Bar Le Beau Hair Salon Top Care Emergency ... Emergency Room

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4097042
    Latitude
    29.794924

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    FAQs

    What type of property is this?
    Lifestyle center - Mixed-use, 23,895 SF, 8 tenants.
    Where is this lifestyle center located?
    The property is located at 1324 Shepherd Dr Houston, TX.
    What are key features of this property?
    This property features: 23,895 SF mixed-use building on a 1.125-acre lot in Houston's Heights neighborhood (77008).; Eight diverse tenants, including healthcare, professional services, wellness, and food & beverage, providing a resilient tenant mix.; 2022 Red News Awards Mixed-Use Project of the Year, built in 2021.
    Request Owner's contact information
    1324 Shepherd Dr Houston, TX 77008
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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
    1324 Shepherd Dr Houston, TX 77008
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