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    1919 Shepherd Dr Houston, TX 77008-4179
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    Property profile & analytics

    1919 Shepherd Dr, Houston, TX 77008-4179

    View on Map
    • Retail space
    • 2,115 SF
    • 0.60 lot acres
    Off-Market
    Property ID
    US83-0241110
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Little Watch Shop / Computer & Electronic Repair
    • Crust Pizza Co. - Houston Heights / Restaurant
    • Möge Tee / Restaurant / Cafe & Coffee Shop
    • Crust Pizza Co. / Restaurant
    • Live Houston Properties / Real Estate Agency

    Property Details for 1919 Shepherd Dr

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.60 lot acres
    Property type
    Retail space
    APN
    1368140010001
    APU
    1368140010001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2017 — Hsc 1919 N Shepherd LLC 1919 N Shepherd Realty Ltd Quit Claim Deed · related $2M · Miscellaneous Ins Co
    Jul 31, 2015 — 1919 N Shepherd Realty Ltd — Trustees Deed · related $1.8M · Frost Bk
    Apr 15, 2015 — 1919 N Shehperd Realty Ltd Scheffler,robert I Grant Deed $1.8M · Frost Bk

    Description

    This exceptional 1,000 square foot traditional office space is situated on the second floor of a building located at 1919 N Shepherd Dr, Houston, TX 77008. The property is classified as a Class B building with multiple tenancies and is part of a vibrant retail and office complex in the desirable Houston Heights submarket of Harris County. Its strategic location at a major intersection within the Heights retail corridor offers unparalleled visibility and accessibility. The space is ideally suited for a variety of businesses, benefiting from its proximity to a significant grocery store (HEB) and a diverse array of popular restaurants including Crust Pizza, Moge Tee, Velvet Taco, Burger Joint, and a Taco Stand, all within easy walking distance. The building is a two-story structure, and this particular space is on the second floor. The property type is listed as both retail and office, making it a versatile option for businesses seeking a prominent location in a thriving commercial area. This space presents a unique opportunity to establish a presence in one of Houston's most sought-after neighborhoods. The address is conveniently located near the cross street of 20th Street. One space is currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4106
    Latitude
    29.8035
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $54,177
    $2,617,100
    $127,617
    $2,744,717
    -
    $2,617,100
    $127,617
    $2,744,717

    Comparable in this City

    • Value Estimation
      $1,360,000
      7,250 SF

      633 19th St

      RETAIL STORES (PERSONAL SERVICES)
      633 19th St, Houston, TX 77008-3613
      View Details
    • Value Estimation by Request
      3,488 SF

      602 20th St

      RETAIL STORES (PERSONAL SERVICES)
      602 20th St, Houston, TX 77008-4427
      View Details
    • Value Estimation
      $980,000
      7,150 SF

      1249 Nn W Loop

      RETAIL STORES (PERSONAL SERVICES)
      1249 Nn W Loop, Houston, TX 77008-2786
      View Details
    • Value Estimation
      $1,205,000
      9,300 SF

      1302 20th St

      RETAIL STORES (PERSONAL SERVICES)
      1302 20th St, Houston, TX 77008-1640
      View Details
    • Value Estimation by Request
      1,904 SF

      700 11th St

      RETAIL STORES (PERSONAL SERVICES)
      700 11th St, Houston, TX 77008-6714
      View Details
    • Value Estimation by Request
      2,528 SF

      743 18th St

      RETAIL STORES (PERSONAL SERVICES)
      743 18th St, Houston, TX 77008-3529
      View Details

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      7,785 SF freestanding retail building with ample parking available for sale.
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      Glass Front Storefront Retail Center

      Newly developed storefront center on N Shepherd Drive with glass storefront visibility in Houston’s historic Heights district.
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    Similar Nearby for Lease

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      Historic Heights Mixed-Use Property

      Historic mixed-use property in Houston Heights neighborhood.
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      Heights Mixed-Use Development For Rent

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      1903 Yale St, Houston, TX 77008
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      1,931 SF

      Retail Space Available For Rent

      Retail space available for lease in Houston, TX.
      736-742 20Th St, Houston, TX 77008
      View Details
    • Contact for pricing

      Freestanding Building in The Heights

      Freestanding building with ample parking in Houston's The Heights.
      743 E 11Th St, Houston, TX 77008
      View Details
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      Prime Retail, Restaurant, Office Space

      Available space suitable for retail, restaurant, medical, or creative office.
      8600 Hempstead Rd, Houston, TX 77008
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      Retail space in vibrant community with restaurants and shopping.
      1223 W 11Th St, Houston, TX 77008
      View Details
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    Houston, TX 77008-4179
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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