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Financial
Distress signals
Property profile

1324 N Shepherd Dr Houston, TX 77008

FOR SALE
Strip malls
Property ID
US82-3870698
30,456 SF 1.12 ac lot Built 2020
Last sale Apr 2026
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Heights Forum offers a fantastic retail opportunity in Houston's vibrant Heights neighborhood. This newly developed, two-story retail center at 1324 N Shepherd Dr, Houston, TX 77008, boasts a total of 24,476 square feet, with a single available space of 2,189 contiguous square feet. The minimum divisible space is 1,920 square feet, providing flexibility for various retail concepts. Situated in the InnerLoop/Heights submarket of Harris County, this property benefits from a high-density population

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$113k
Tax billed · 2022
Assessed value · 2024$10.43M
Assessed land$4.90M
Assessed improvement$5.54M
Effective rate1.09%

Value estimate

· Oct 2026
$1.17M
$1.05M – $1.28M
AI approach$910k
Submarket $/SF estimate$1.42M
NOI build-up
Gross scheduled income$490k
Vacancy & credit loss−$27k
Operating expenses−$139k
NOI · 1,012,521.88% cap applied$324k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,012,521.88%
$324k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHARRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.3
Convenience Store9.2
Laundromat9.0

Location

1324 N Shepherd Dr Houston, TX 77008
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

18 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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