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Property profile & analytics
FOR LEASE
Strip malls
7208 N Shepherd Dr Houston, TX 77091
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4111872
For Lease
Contact for pricing
7208 N Shepherd Dr, Houston, TX 77091
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
WOOD FRAME
Total area
11,900 SF
Lot
0.71 ac (30,745 SF)
APN
1293850010001
UPID
US83-4111872
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
-
A & B Vacuum & Sewing Machines (Bike/Boat/Book/etc) Store
-
Drug Masters Pharmacy
-
K3blendz Barber Shop
-
Subway Take-out & Catering
-
BeautyArtistryandBeyondLLC (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
7208 Shepherd LLC · 10 yrs held
7208 Shepherd LLC
since 2016
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,197
Tax year 2022
Previous assessed
$1,052,074
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2008
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
11,900 SF
Lot
0.71 ac (30,745 SF)
APN
1293850010001
UPID
US83-4111872
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
2008
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
7208 Shepherd LLC
Entity
Mailing address
111 E JERICHO TPKE FL #2, MINEOLA, NY 11501-3145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
—
7208 Shepherd LLC
—
Deed
related
$1,000,000 · Allegiance Bk
Aug 17, 2020
—
7208 Shepherd LLC
—
Deed
related
$871,898 · Allegiance Bk
May 18, 2020
—
7208 Shepherd LLC
—
Deed
related
$1,000,000 · Allegiance Bk
Mar 10, 2016
—
7208 Shepherd LLC
Darland Partners Ltd
Grant Deed
$1,000,000 · Post Oak Bk
Sep 16, 2010
—
Darland Partners Ltd
—
Trustees Deed
related
$1,000,000 · Post Oak Bank
Aug 4, 2010
—
Darland Partners Ltd
—
Trustees Deed
related
$1,000,000 · Post Oak Bank
Jun 7, 2010
—
Darland Partners Ltd
—
Trustees Deed
related
$1,000,000 · Post Oak Bank
Feb 17, 2010
—
Darland Partners Ltd
—
Trustees Deed
related
$1,000,000 · Post Oak Bank
Jul 5, 2006
—
Darland Partners Ltd
Elbar Investments INC
Grant Deed
related
—
May 10, 2006
—
Elbar Investments INC
Govind,john
Warranty Deed
related
—
—
—
Darland Partners Ltd
—
Loan Modification
related
$1,000,000 · Post Oak Bk
—
—
7208 Shepherd LLC
—
Loan Modification
related
$1,000,000 · Allegiance Bk
—
—
Darland Partners Ltd
—
Deed Of Trust
related
$1,000,000 · Post Oak Bank
—
—
7208 Shepherd LLC
—
Loan Modification
related
$871,898 · Allegiance Bk
—
—
Darland Partners Ltd
—
Loan Modification
related
$1,000,000 · Post Oak Bk
—
—
7208 Shepherd LLC
—
Loan Modification
related
$1,000,000 · Allegiance Bk
—
—
Darland Partners Ltd
—
Deed Of Trust
related
$1,000,000 · Post Oak Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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