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Property profile & analytics
OFF-MARKET Estimated value $910,000
Retail space

3401 Shepherd Dr Houston, TX 77018-7623

11,100 SF 1.46 ac lot Built 1970
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US82-2504804
Property summary
AI-generated overview

This 800-square-foot retail storefront is located at 3401 N Shepherd Dr in Houston, Texas, within the desirable Garden Oaks/Oak Forest submarket of Harris County (zip code 77018). The property is a single-tenant space, ideal for a variety of retail businesses. Its excellent location offers high visibility and accessibility, making it a strong contender for entrepreneurs seeking a thriving commercial space. The neighborhood is experiencing significant growth and redevelopment, presenting a unique opportunity for businesses to establish themselves in a revitalizing area. This storefront serves as a gateway to the Heights, a popular and well-established Houston neighborhood. The property's 800 square feet provides ample space for a variety of retail concepts, and its strategic location ensures high foot traffic and exposure to a diverse customer base. The property is easily accessible from major thoroughfares, providing convenient access for both customers and employees. This is a single-tenant space, offering a unique opportunity for a business to establish a strong presence in a rapidly growing area. The property's location within a revitalizing neighborhood offers significant potential for long-term growth and success.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction BRICK
Total area 11,100 SF
Lot 1.46 ac (63,811 SF)
APN 660460580003
UPID US82-2504804
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
  • Variedades Paola (Bike/Boat/Book/etc) Store
  • ATM (ATM Link, Inc.) Atm
  • Punto Divina Cafe & Coffee Shop
  • Mi Salud (Bike/Boat/Book/etc) Store Pharmacy
  • ARIZE SMOKE SHOP KRATOM SHOP CIGAR SHOP CBD SHOP VAPE SHOP DELTA HOOKAH STORE TOBACCO SHOP THC A KRATOM SHOP SMOKE SHOP (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$910k
Owner & transaction history
Ndt Properties INC · 5 yrs held
Ndt Properties INC
since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +56.8%
Restaurant $1.3M +46.1%
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