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Property profile & analytics
FOR LEASE
Retail space
15015 Westheimer Pkwy Houston, TX 77082
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-5509131
For Lease
1 / 3
$17.52 SF/Yr
15015 Westheimer Pkwy, Houston, TX 77082
View Listing →
Property summary
AI-generated overview
West Oaks Shops, located at 15015 Westheimer Pkwy, Houston, TX 77082, offers exceptional retail, office, and restaurant opportunities. This single-story building features a total of 4,369 square feet of vacant space, divided into multiple suites ranging from 1,000 to 2,000 square feet. One available suite (Suite A) boasts 1,000 square feet with a convenient drive-thru, perfect for businesses requiring quick customer service. This versatile space features an open floor plan with abundant natural light from large windows, providing excellent visibility. Suite A also includes a small private office, a storage nook, one restroom, a front entrance, and a side sliding door for flexible access. A rear exit adds to the convenience. The building has no elevators. Currently, a special offer of three months free base rent is available. This high-visibility location presents a fantastic opportunity for a variety of businesses. The property is categorized as retail, office, and suitable for coworking and medical office uses. Contact us today to learn more about this prime Houston commercial space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
BRICK
Total area
27,480 SF
Lot
2.17 ac (94,569 SF)
APN
1153300010023
UPID
US82-5509131
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
-
Allstate Personal Financial Representative: David Colon Financial Advisor
-
Quiett Enterprise LLC Consultant
-
TU ESCUELITA DE MANEJO Training Center Vocational School
-
Excellent Concierge Care LLC Home Health Care Service
-
My Office: USPS Shipping-Printing-Virtual Mailbox-Bookkeeping-Website-Flyers-Business Cards-Banners-Passport Photos Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$745k
Owner & transaction history
Rothchild Family Ptshp 2 Ltd
Rothchild Family Ptshp 2 Ltd
1 recorded transaction
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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$870,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$27 / 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
$36,783
Tax year 2022
Assessed value
$3,954,484
Assessed 2024
Previous assessed
$3,208,214
+23.3% YoY
Effective rate
0.93%
On assessed value
Assessed land
$756,552
Assessed improvement
$3,197,932
Land market value
$756,552
Improvement market value
$3,197,932
Total market value
$3,954,484
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
27,480 SF
Lot
2.17 ac (94,569 SF)
APN
1153300010023
UPID
US82-5509131
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
RETAIL STORES Current
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Rothchild Family Ptshp 2 Ltd
Individual
Mailing address
920 S FRY RD, KATY, TX 77450-3060
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Rothchild Family Ptshp 2 Ltd
—
Deed Of Trust
related
$3,800,000 · Mercantile Commerce Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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