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1431 Shepherd Dr Houston, TX 77008-3753

OFF-MARKET Specialty properties Google Maps
6,379 SF 0.63 ac lot Built 1928
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$595k
Range $536k – $655k (±10%)
Property ID US82-3971996

Property summary

AI-generated overview

This exceptional 7,000 square foot medical office building, situated on a 0.75-acre lot in Houston, Texas, presents a unique investment opportunity. Located at 1431 N Shepherd Dr, in the desirable 77008 zip code within Harris County, this single-tenant property offers complete flexibility for a new medical practice or expansion. The entire building is currently vacant, providing immediate occupancy for a prospective tenant. The property's classification includes Retail, Office, and Land designations, offering potential for diverse uses within the medical field. The building's substantial size allows for a wide range of configurations to accommodate various medical specialties and support staff. The 0.75-acre lot provides ample parking and potential for future expansion or development. This prime location in Houston offers excellent visibility and accessibility, ensuring convenient access for patients and staff. The property is available for lease and represents a rare opportunity to secure a significant medical office space in a thriving Texas market. Interested parties are encouraged to inquire for further details and leasing information. The property is zoned appropriately for medical use. This is a single-tenant building, offering a streamlined leasing process and management. The address is 1431 N Shepherd Dr, Houston, TX 77008.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1928
Construction WOOD FRAME
Total area 6,379 SF
Lot 0.63 ac (27,325 SF)
APN 1251220010001
UPID US82-3971996

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$709k
Blend (final) Blend
$595k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Auto repair, garage $830,000 +55.6%
Restaurant $795,000 +48.6%
Retail stores $670,000 +25.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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