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Property profile & analytics
FOR LEASE
Retail space
2155 Durham Dr, Houston, TX 77007
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9441566
For Lease
1 / 6
$630,000
2155 Durham Dr, Houston, TX 77007
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Property summary
AI-generated overview
This exceptional retail opportunity is located within the highly sought-after Heights area of Houston, Texas, offering unparalleled visibility and access. The Durham Shopping Center boasts a total of 3,930 square feet, with one immediately available space of 1,430 square feet, perfect for a variety of retail uses. Situated conveniently off I-10 and prominently positioned on Durham Drive, the property benefits from clear visibility from the Katy Frontage Road, ensuring high traffic exposure. This location is within one of Houston's strongest retail trade areas, placing your business in close proximity to a thriving commercial environment. The presence of a newly established Whole Foods Market and other successful retailers in the immediate vicinity further enhances the desirability and potential for success. This multi-tenant building presents a fantastic chance to establish or expand your retail presence in a dynamic and high-demand location. The property is located in Harris County. Don't miss this opportunity to secure a prime retail space in a flourishing Houston neighborhood.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
STEEL & CONCRETE
Total area
4,898 SF
Lot
0.36 ac (15,499 SF)
APN
1344650010001
UPID
US82-9441566
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
-
Space City Bagels (Bike/Boat/Book/etc) Store Bakery
-
Durham Shopping Center Shopping Center & Mall
-
Catfish Station Restaurant
-
CoinFlip Bitcoin ATM Business To Business Service Commercial Agent
-
Shops at Durham Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$630k
Owner & transaction history
Silco INC · 13 yrs held
Silco INC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$980,000
+89.9%
Auto repair, garage
$640,000
+23.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
COMMERCIAL (GENERAL)
$980,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: +24% · Conversion: Difficult
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
$129 / 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
$31,557
Tax year 2022
Assessed value
$1,586,504
Assessed 2024
Previous assessed
$1,566,261
+1.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$387,500
Assessed improvement
$1,199,004
Land market value
$387,500
Improvement market value
$1,199,004
Total market value
$1,586,504
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2013
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
4,898 SF
Lot
0.36 ac (15,499 SF)
APN
1344650010001
UPID
US82-9441566
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
$515,000
COMMERCIAL (GENERAL)
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$640,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2013
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
Yes
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Silco INC
Entity
Free & Clear · 13 yrs held
Mailing address
1215 GESSNER RD, HOUSTON, TX 77055-6013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2012
—
Silco INC
Quyen,truong L
Grant Deed
related
—
Jan 9, 2007
—
Quyen,truong L
Mitchell Nancy
Warranty Deed
related
—
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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