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Property profile & analytics
FOR LEASE
Commercial real estate

1515 Studemont St Houston, TX 77007

30,849 SF 1.54 ac lot Built 2023
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US82-2024084
Property summary
AI-generated overview

This exceptional 28,055 square foot, Class A office building at 1515 Studemont Street in Houston, TX 77007, offers a unique opportunity. Built in 2023, this two-story property features 114 parking spaces and boasts a 14-foot ceiling height. The building is currently configured for multiple tenants, with a minimum divisible space of 849 square feet and a maximum contiguous space of 3,499 square feet. Currently, 849 square feet of vacant space is available on the first floor, along with a 4,704 square foot end cap space with drive-thru potential. The second floor is 100% leased. Situated on a 1.54-acre lot, this property enjoys high visibility and accessibility from Interstate 10. Its prime location in the Houston core places it near desirable neighborhoods like The Heights, Rice Military, Montrose, Washington Avenue Arts District, and Downtown Houston. The area is experiencing significant growth, surrounded by new multi-family developments. This location is highly desirable, ranking #2 on Houston's Most Accessible Neighborhoods list, providing easy access to major Houston corridors and freeways. The property's diverse tenant mix reflects the area's popular blend of food and retail establishments. This represents a rare chance to secure space in one of Houston's most rapidly appreciating areas. The property is categorized as Retail, Office, and Restaurant, and further sub-categorized as Executive Office, Coworking, Medical Office, and Creative Office.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2023
Construction METAL FRAME
Total area 30,849 SF
Lot 1.54 ac (67,170 SF)
APN 1457010010001
UPID US82-2024084
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
  • Elara Orthodontics Heights Dental Office
  • Remy Waxing Spa & Massage Center Skin Care Clinic
  • Nalo Spa and Beauty Hair Salon Nail Salon
  • 10 and Heights Shopping Center & Mall
  • Honeymee Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.27M
Comparable Approach Comparable
$4.80M
Blend (final) Blend
$5.54M
Owner & transaction history
Descendants Of Olivewood · 4 yrs held
Descendants Of Olivewood
since 2021
2 recorded transactions
2026
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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