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718 W 18Th St Houston, TX 77008

Strip malls Google Maps
4,900 SF 0.75 ac lot Built 1973
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.05M
Range $945k – $1.16M (±10%)
Property ID US83-0433362

Property summary

AI-generated overview

This exceptional Houston property, Lowell Street Market, offers 11,000 square feet of adaptable warehouse space ideally situated at the corner of West 18th Street and North Shepherd Drive in the vibrant Heights neighborhood. Currently configured as two separate suites, this multi-tenant building presents a unique opportunity for businesses seeking flexible and creative spaces. The property boasts a minimum divisible space of 912 square feet, with a maximum contiguous space of 1,230 square feet. A total of 2,142 square feet is currently vacant and ready for immediate occupancy. The building's adaptive reuse design seamlessly blends industrial character with modern retail functionality, making it perfect for a variety of uses. Located in Harris County, Texas, with a Houston, TX 77008 zip code, this property benefits from excellent visibility and accessibility. The building's location within the thriving Heights area offers high foot traffic and proximity to a diverse range of businesses and residential areas. This is an exceptional opportunity to secure prime warehouse space in a highly desirable and rapidly developing Houston neighborhood. The property's unique character and flexible layout make it an ideal choice for businesses seeking a distinctive and functional space. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Construction METAL FRAME
Total area 4,900 SF
Lot 0.75 ac (32,748 SF)
APN 1378940010001
UPID US83-0433362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service
  • Restaurant
  • Gym & Fitness Center Alternative Medicine Practice
  • Take-out & Catering
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
$1.16M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.05M

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $980,000 +373.4%
Auto repair, garage $640,000 +208.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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