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    7301 Shepherd Dr Houston, TX 77091

    For Lease
    $40,677

    3-Acre Commercial Land, Prime Location

    Lot size:
    128,502 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.952-acre (128,502 square foot) vacant commercial land parcel presents a unique investment opportunity in Houston, Texas. Located at 7301 N Shepherd Dr, 77091, this single-tenant site boasts a highly desirable location off the six-lane thoroughfare of N. Shepherd and W. Little York, experiencing a high volume of daily traffic (28,580 VPD). Its proximity to I-45 (less than half a mile) ensures excellent access to major freeways and convenient access to downtown Houston and the Heights area. The property is situated within Houston city limits with available city utilities, although none are currently on-site. The land itself is largely stabilized, clean, and ready for immediate development, minimizing pre-development delays. This makes it perfectly suited for a variety of commercial projects, including medical buildings, hotels, storage facilities, retail spaces, or industrial facilities. The monthly lease price is $10,000 NNN. This prime location, combined with the land's readiness for development, offers significant potential for substantial returns.

    Property Features for 7301 Shepherd Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    128,502 SF
    Total Rate
    40677.96

    Unit(s) available at that property

    Space
    Size
    128,502 SF
    Rate per SF
    $40,677

    HighLights

    • Sale and financing options available.
    • Seller financing offered.
    • 2.95‑acre site at N. Shepherd & W. Little York.
    • NNN lease structure.
    • Half‑mile proximity to I‑45.
    • Mostly level, developable land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.412800457994
    Latitude
    29.867150991485

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    FAQs

    What type of property is this?
    Land - 3-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at 7301 Shepherd Dr Houston, TX.
    What is the lease rate?
    The lease rate is $40,677.
    What are key features of this property?
    This property features: Sale and financing options available.; Seller financing offered.; 2.95-acre site at N. Shepherd & W. Little York.
    Request Owner's contact information
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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
    7301 Shepherd Dr Houston, TX 77091
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