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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
5001 Shepherd Dr Houston, TX 77018-1624
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2079401
Property summary
AI-generated overview
This exceptional 10,000-square-foot retail property, located at 5001 N. Shepherd Drive in Houston, Texas, presents a unique investment opportunity. Situated in the vibrant Independence Heights/Garden Oaks area, this Class B building boasts a prime location on the hard corner of N. Shepherd Drive and Lehman Street. The single-story structure, completely renovated in 2024, offers flexible space ideal for various retail uses, including storefront, medical, or restaurant establishments. The property is currently fully vacant, allowing for complete customization to suit a tenant's specific needs. Units are divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 10,000 square feet. Ample parking is provided with 70 spaces available for customers and employees. The property's strategic location benefits from the growth of nearby new townhome and multifamily developments, ensuring a strong potential customer base. This is a rare chance to secure a substantial retail space in a rapidly developing area of Houston. The property is located in Harris County, Texas, with a zip code of 77018. No elevators are present on the property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
METAL FRAME
Total area
18,100 SF
Lot
0.64 ac (28,022 SF)
APN
410500030380
UPID
US82-2079401
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
-
Mattresses for Less Liquidation Center Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$675k
Owner & transaction history
5001 N Shepherd Invs LLC · 12 yrs held
5001 N Shepherd Invs LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$37 / 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
$26,810
Tax year 2022
Assessed value
$1,458,855
Assessed 2024
Previous assessed
$1,330,660
+9.6% YoY
Effective rate
1.84%
On assessed value
Assessed land
$840,660
Assessed improvement
$618,195
Land market value
$840,660
Improvement market value
$618,195
Total market value
$1,458,855
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
Off-Market
Year built
1970
Construction
METAL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
1
Stories
1
Total area
18,100 SF
Lot
0.64 ac (28,022 SF)
APN
410500030380
UPID
US82-2079401
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
Building & site characteristics
From public records
Year built
1970
Construction
METAL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
5001 N Shepherd Invs LLC
Entity
Mailing address
5125 ELLA BLVD #8, HOUSTON, TX 77018-1309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Courtyard At Shepherd Park LLC
—
Deed
related
$700,000 · Allegiance Bk
Mar 2, 2018
—
5001 N Shepherd Invs LLC
—
Deed
related
$260,000 · Prosperity Bk Br 083
Dec 11, 2013
—
5001 N Shepherd Invs LLC
Keller,sandra R & Perry
Warranty Deed
$343,000 · Prosperity Bank
—
—
Courtyard At Shepherd Park LLC
—
Deed Of Trust
related
$700,000 · Allegiance Bk
—
—
5001 N Shepherd Invs LLC
—
Deed Of Trust
related
$260,000 · Prosperity Bk Br 083
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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