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2015 W 34th St 6,329 SF 100% Leased Retail Building Houston, TX 77018 $2,399,000 ($379.05/SF) 6.51% Cap Rate

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Investment Highlights

  • Strong Growth and Development in Oak Forest/Garden Oaks Submarket
  • Value-Add Potential By Converting Leases to Triple-Net
  • 100 Percent Occupied
  • Staggered Lease Expirations

Executive Summary

Marcus & Millichap is pleased to exclusively list for sale West 34th Center, located at 2015 West 34th Street in Houston, Texas. This 6,329-square-foot retail center is located on approximately 0.41 acres. The property is located adjacent to the hard, signalized corner of West 34th Street and Oak Forest Drive.
The subject property is 100 percent occupied, accommodating eight tenants. An investor could add value by converting leases to triple-net.
The Oak Forest and Garden Oaks neighborhoods — often grouped together given their proximity just north of Loop 610 in Houston — have emerged as standout residential markets within the city, marked by robust price appreciation, growing demand, and active redevelopment. As of late 2025, median sale prices in the combined Oak Forest-Garden Oaks area reflect meaningful year-over-year gains. Oak Forest median prices showed strong growth (with recent figures indicating roughly 32.9 percent year-over-year appreciation to around $698,000) while the broader Oak Forest-Garden Oaks neighborhood saw its median around $525,000, up more than 10 percent compared to the previous year. The overall trend for Oak Forest / Garden Oaks has leaned toward price appreciation and sustained buyer interest, especially as homebuyers look for inner-loop locations with established community character and redevelopment potential.

Data Room Click Here to Access

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,329 SF
Building Class
B
Year Built/Renovated
1995/2020
Price
$2,399,000
Price Per SF
$379.05
Cap Rate
6.51%
NOI
$156,279
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.41 AC
Zoning
None - Unrestricted
Parking
25 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
320’ on W 34th St

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • G
  • 1,253 SF
  • Office/Retail
  • -
  • Now
  • H
  • 653 SF
  • Retail
  • In-Line
  • Now

2nd Generation Hair Salon

Space Size Space Use Position Available
G 1,253 SF Office/Retail - Now
H 653 SF Retail In-Line Now

G

Size
1,253 SF
Space Use
Office/Retail
Position
-
Available
Now

H

Size
653 SF
Space Use
Retail
Position
In-Line
Available
Now

H

Size 653 SF
Space Use Retail
Position In-Line
Available Now

2nd Generation Hair Salon

Nearby Major Retailers

Denny's
The Halal Guys
Cadence Bank
PNC Bank
Chase Bank
Starbucks
Kroger
Ymca
24 Hour Fitness
UFC Gym

Property Taxes

Property Taxes

Parcel Number
0210900000011
Land Assessment
$175,000
Improvements Assessment
$20,000
Total Assessment
$195,000
  • Listing ID: 39428381

  • Date on Market: 2/13/2026

  • Last Updated:

  • Address: 2015 W 34th St, Houston, TX 77018

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