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Multi-Tenant Flex Office Building
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18838 S Memorial Dr, Humble, TX 77338

25,283 SF flex office building near Memorial Hermann Hospital.

Property Size25,283 SF
Days on Market820

Property Features for 18838 S Memorial Dr

General Information

Standard status Active
Size 25,283 SF
Property subtype Office, Special Purpose
Occupancy 87%
Lease Type NNN
Investment Type Stabilized

Building Details

Year Built 1982
Year Renovated 2011
Buildings 2
Stories 1
Units 11
Tenancy Multi
Listing Agency: Dorado Development Co.
Listed By: Andrew Estrada · License #TX
Source: Crexi
Added: May 16, 2024 Changed: Aug 11 Last Checked: Aug 12 at 1:42PM

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 Dorado Development Co.

Investment Insights

Based on property information with market context.

This is a 25,283 square foot multi-tenant flex office building. It is located directly across South Memorial Drive from the Regional Memorial Hermann Northeast Hospital and minutes from IH-69 in Humble, Texas. The property offers value through escalating rents and vacant spaces with lease-up upside.

Key Highlights

  • Directly across from Regional Memorial Hermann Northeast Hospital
  • 25,283 square foot multi‑tenant flex office building
  • Minutes from IH‑69

Property Analytics

Current Use

Northeast Mental Health ... Medical Clinic Mental Health Crisis ... Medical Clinic Dr. Ashok Khushalani Physician Tree of Life Children's ... Daycare Center Carlos Guerra Physician

Suggested Use

Top Pick Butcher Electrical Service Pet Grooming Service Locksmith Tanning Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

933
Businesses Nearby
Balanced
Demand for This Use

Demographics for 77338, TX

45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Similar Off Market Nearby

  • Da Food Plug HTX 9338 Humble Westfield Rd, Humble, TX 77338
  • Munchy's Club Humble Pkwy, Humble, TX 77338

Frequently Asked Questions

What type of property is this?
Flex space - 25,283 SF flex office building near Memorial Hermann Hospital.
Where is this flex space located?
The property is located at 18838 S Memorial Dr Humble, TX.
What are key features of this property?
This property features: Directly across from Regional Memorial Hermann Northeast Hospital; 25,283 square foot multi‑tenant flex office building; Minutes from IH‑69
More about this property
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