Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Memorial Drive Office Space Available Title is generated by Realmo AI

    14780 Memorial Drive, Houston, TX 77024

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flexible office units available for rent on Memorial Drive.

    Type:OFFICE
    Property size:
    3,552 SF
    Lot size:
    0.74 Acres
    Added:
    Jul 1, 2019
    Days on Market:
    2532
    Last Refresh:
    Apr 5 at 8:28 pm

    Property Features for 14780 Memorial Drive

    General Information

    Standard status
    Active
    Size
    3,552 SF
    Lot size
    0.74 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 14780 Memorial Drive Contact us

    We can help!

    Listing Contact
    Justin Clark, CCIM, SIOR

    Listing agent Justin Clark, CCIM, SIOR

    Listing office Clark Gaines Properties

    Listing date Jul 1, 2019

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Clark Gaines Properties

    HighLights

    • Flexible square footage options through demisable spaces.
    • Gross monthly rates include janitorial services and electricity.
    • Landlord can customize space by moving walls to meet specific needs.
    • Predictable monthly costs with only phone/internet as additional expenses.
    • All rates are quoted as gross rates.
    • Accommodates various options.

    Overview

    Office units are available for rent with flexible square footage options. The landlord can adjust the space by moving walls to meet specific needs. All monthly rates are quoted as gross rates, which include janitorial services, electricity, and other expenses. Additional monthly expenses would include phone and internet services, if desired. The property is located on Memorial Drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dreams Home Health ... Home Health Care Service Glo Skin Studio Spa & Massage Center GL&L Holdings, LLC Loan Service Celltechgen Laboratory Medical Laboratory Francisco Villalobos Marriage Or Relationship Counselor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6121
    Latitude
    29.7722

    Nearby Similar for Lease

    • $3,198/Mo

      Fully Furnished Private Office Suites

      Private offices include receptionist support, printing, refreshments, parking, utilities, and janitorial—plus conference room access and shared amenities.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $1,200/Mo

      Fully Furnished Private Office Suites

      Private offices come fully furnished with receptionist support, shared conference access, and built-in utilities and services.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $1,425/Mo

      Fully Furnished Private Office Suite

      Turnkey private offices with receptionist, printing, utilities, parking, and access to conference rooms and a 24-7 fitness center.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $2,025/Mo

      Fully Furnished Private Office Suites

      Move into private offices with receptionist support, printing, utilities, and shared conference access for a streamlined workday.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $7 SF/Yr
      8,020-8,020 SF

      Houston Auto Repair/Service Property

      8,020 SF auto repair/service property on 0.46 acres.
      7206 Killough St, Houston, TX 77086
      View Details
    • $1,000/Mo
      150-10,000 SF

      Lantern Bend Medical Plaza

      Turnkey medical offices in North Houston with flexible lease terms.
      411 Lantern Bend Dr, Houston, TX 77090
      View Details
    • $1.15 SF/Yr
      9,000 SF

      Air-Conditioned Flex Warehouse Suite

      Flex-ready warehouse with office build-out, air-conditioning, and multiple roll-up doors for efficient loading and operations.
      10111 Grant Rd Ste R, Houston, TX 77070
      View Details
    • Sponsored
      Contact for pricing

      TX, West Houston - North Loop Freeway

      1111 Loop Fwy, Unit West, Houston, TX 77008
      View Details
    • $129-$3,716/Mo
      11-1,292 SF

      TX, Houston - 1415 Louisiana St

      1415 Louisiana St, Houston, TX 77002
      View Details
    • $129-$3,596/Mo
      11-1,292 SF

      TX, Houston - 708 Main Street

      708 Main St, Houston, TX 77002
      View Details
    • $129-$7,337/Mo
      11-1,292 SF

      Spaces Galleria at Post Oak

      1980 Post Oak Blvd, Unit 100, Houston, TX 77056
      View Details
    • $129-$10,307/Mo
      11-1,292 SF

      Spaces Kirby Grove

      2925 Richmond Ave, Unit 1200, Houston, TX 77098
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible office units available for rent on Memorial Drive.
    Where is this office units located?
    The property is located at 14780 Memorial Drive Houston, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Flexible square footage options through demisable spaces.; Gross monthly rates include janitorial services and electricity.; Landlord can customize space by moving walls to meet specific needs.
    (713) 201-4248 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Clark, CCIM, SIOR
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14780 Memorial Drive, Houston, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!