Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2359 Shepherd Dr Houston, TX 77019-7023

    • Drive through restaurants
    • 1,620 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4270427
    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.

    Current Use by Public Records

    • Layne's Chicken Fingers / Restaurant

    Property Details for 2359 Shepherd Dr

    Year built
    2009
    Construction
    WOOD FRAME
    Lot size
    0.26 lot acres
    Property size
    1,620 SF
    Property type
    Drive through restaurants
    APN
    520660610007
    APU
    520660610007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4103
    Latitude
    29.7449
    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
    $26,314
    $1,092,500
    $729,000
    $1,821,500
    -
    $1,092,500
    $729,000
    $1,821,500

    Comparable in this City

    • Value Estimation
      $605,000
      2,967 SF

      3110 Dallas St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,967 SF
      3110 Dallas St, Houston, TX 77019-3822
      View Details
    • Value Estimation by Request
      1,440 SF

      1103 Gray St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,440 SF
      1103 Gray St, Houston, TX 77019-4132
      View Details
    • Value Estimation by Request
      1,628 SF

      2330 Shepherd Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,628 SF
      2330 Shepherd Dr, Houston, TX 77019-7014
      View Details
    • Value Estimation by Request
      3,111 SF

      2316 Shepherd Dr

      RESTAURANT • 3,111 SF
      2316 Shepherd Dr, Houston, TX 77019-7014
      View Details
    • Value Estimation
      $1,615,000
      12,560 SF

      3422 Allen Pkwy

      RESTAURANT • 12,560 SF
      3422 Allen Pkwy, Houston, TX 77019-1808
      View Details
    • Value Estimation by Request
      2,557 SF

      2701 Dallas St

      RESTAURANT • 2,557 SF
      2701 Dallas St, Houston, TX 77019-4139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,755 SF

      Restaurant Building with Large Patio

      Second generation restaurant with patio and ample parking.
      1212 Waugh Dr, Houston, TX 77019
      View Details
    • Contact for pricing
      8,000 SF

      Prime Parking Lot Opportunity

      Parking lot with frontage on W. Dallas, near downtown Houston.
      700 W Dallas St, Houston, TX 77019
      View Details
    • Contact for pricing

      Land For Sale Houston

      Land available for sale at 803 W Dallas Street.
      803 W Dallas St, Houston, TX 77019
      View Details
    • Contact for pricing

      Prime Houston Commercial Land

      8,002 SF Commercial Lot in Houston
      700 Dallas St, Houston, TX 77019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,039 SF

      River Oaks Retail Opportunity

      Prime Houston Retail Space Available
      2421 Shepherd Dr, Houston, TX 77019
      View Details
    • Contact for pricing
      15,000 SF

      River Oaks Retail Space - Houston

      Prime Retail, Two Suites Available, 15,000 SF
      1934 Gray St, Houston, TX 77019
      View Details
    • Contact for pricing
      338,733 SF

      1964 Gray St

      Lifestyle centers • 338,733 SF
      1964 Gray St, Houston, TX 77019
      View Details
    • Contact for pricing
      8,000 SF

      Prime Retail Space - W. Dallas St.

      8,000 SF Retail Space For Lease
      700 Dallas St, Houston, TX 77019
      View Details
    • Contact for pricing
      33,443 SF

      West Gray Office & Retail Spaces

      Prime Houston Office/Retail, Multiple Suites Available
      0 Gray St. & Woodhead St, Houston, TX 77019
      View Details
    • Contact for pricing
      2,860 SF

      Retail Space Available for Lease

      9,377 square feet retail space available for lease.
      2800 Kirby Dr, Houston, TX 77019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2359 Shepherd Dr
    Houston, TX 77019-7023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!