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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
1345 Shepherd Dr Houston, TX 77008-3751
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-6288676
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1933
Construction
WOOD FRAME
Total area
3,226 SF
Lot
0.23 ac (10,001 SF)
APN
391280000048
UPID
US82-6288676
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
-
The Riviera Day Spa Alternative Medicine Practice Spa & Massage Center
-
Wilson Richard Insurance Agency
-
Nationwide Movers Moving Company
-
Victory Athletics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$630k
Owner & transaction history
3l Shepherd LLC
3l Shepherd LLC
since 2025
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
by Request
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$195 / 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
$24,650
Tax year 2022
Assessed value
$1,228,813
Assessed 2024
Previous assessed
$1,223,442
+0.4% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$228,813
Land market value
$1,000,000
Improvement market value
$228,813
Total market value
$1,228,813
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1933
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
3,226 SF
Lot
0.23 ac (10,001 SF)
APN
391280000048
UPID
US82-6288676
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
Building & site characteristics
From public records
Year built
1933
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
3l Shepherd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2220 BERING DR APT #18, HOUSTON, TX 77057-4711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
3l Shepherd LLC
Servando Davalos
Special Warranty Deed
—
Nov 14, 2019
—
Servando Davalos
—
Deed
related
$225,000 · Allegiance Bk
Oct 8, 2019
—
Wilrich Associates LLC
—
Deed
related
$147,396 · Allegiance Bk
Nov 2, 2017
—
Servando Davalos
—
Deed
related
$225,000 · Post Oak Bank NA
Sep 14, 2017
—
Servando Davalos
—
Deed
related
$225,000 · Post Oak Bk
Oct 5, 2016
—
Servando Davalos
—
Deed
related
$200,000 · Post Oak Bk
—
—
Servando Davalos
—
Loan Modification
related
$225,000 · Allegiance Bk
—
—
Wilrich Associates LLC
—
Loan Modification
related
$147,396 · Allegiance Bk
—
—
Servando Davalos
—
Loan Modification
related
$200,000 · Post Oak Bk
—
—
Servando Davalos
—
Deed Of Trust
related
$225,000 · Post Oak Bk
—
—
Servando Davalos
—
Deed Of Trust
related
$225,000 · Post Oak Bk
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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