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2015 W 34th St 6,329 SF 100% Leased Retail Building Houston, TX 77018 $3,265,447 CAD ($515.95 CAD/SF) 6.51% Cap Rate



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.
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
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| 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
$3,265,447 CAD
Price Per SF
$515.95 CAD
Cap Rate
6.51%
NOI
$212,722 CAD
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
Salon de coiffure de deuxième génération
| 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 |
Salon de coiffure de deuxième génération
Nearby Major Retailers
Property Taxes
| Parcel Number | 0210900000011 | Improvements Assessment | $27,223 CAD |
| Land Assessment | $238,205 CAD | Total Assessment | $265,428 CAD |
Property Taxes
Parcel Number
0210900000011
Land Assessment
$238,205 CAD
Improvements Assessment
$27,223 CAD
Total Assessment
$265,428 CAD
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2015 W 34th St
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