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Property profile & analytics
FOR LEASE
Strip malls
1324 N Shepherd Dr, Houston, TX 77008
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-3870698
For Lease
1 / 8
$32 SF/Yr
1324 N Shepherd Dr, Houston, TX 77008
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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
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Construction
METAL FRAME
Total area
30,456 SF
Lot
1.12 ac (48,992 SF)
APN
1407190010001
UPID
US82-3870698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
YogaSix Heights Gym & Fitness Center
-
Swish Dental Houston Heights Dental Office
-
Defined Brow Co. Hair Salon
-
Le Beau Hair Salon
-
Top Care Emergency Room & Urgent ER Care - Heights Houston Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.17M
Owner & transaction history
Vibra Bajada LLC
Vibra Bajada LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Current use
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$113,457
Tax year 2022
Assessed value
$10,434,373
Assessed 2024
Previous assessed
$5,631,145
+85.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,899,200
Assessed improvement
$5,535,173
Land market value
$4,899,200
Improvement market value
$5,535,173
Total market value
$10,434,373
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
30,456 SF
Lot
1.12 ac (48,992 SF)
APN
1407190010001
UPID
US82-3870698
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Vibra Bajada LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5090 RICHMOND AVE STE #314, HOUSTON, TX 77056-7402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Vibra Bajada LLC
Her Development LLC
Special Warranty Deed
—
Dec 2, 2019
—
Her Dev LLC
—
Deed
related
$8,850,000 · Bancorpsouth
May 29, 2018
—
Her Dev LLC
Northwest Infectious Disease
Warranty Deed
$1,724,000 · Texas Citizens Bk NA
Dec 13, 2016
—
Northwest Infectious Disease
Pornthep Wattanamano
Warranty Deed
related
—
Dec 28, 2015
—
Pornthep Wattanamano
Craig C Mccracken
Warranty Deed
related
—
Dec 28, 2004
—
Mccracken,craig C
Bill T Mccracken
Quit Claim Deed
related
—
—
—
Her Dev LLC
—
Deed Of Trust
related
$8,850,000 · Bancorpsouth
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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