Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    238 Memory Ln Houston, TX 77037

    For Sale
    Contact for pricing

    25,864 SF multi-tenant industrial complex

    Property size:
    25,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This Houston, TX industrial property offers 25,864 square feet across two buildings on a 2.34-acre lot, featuring 7 units, 16 parking spaces, and convenient access to major highways. Currently 35% occupied with a lease expiration in June 2025, this Class C property presents a compelling investment opportunity with a pro-forma cap rate of 7.40%. The property includes a mix of drive-in and dock-high loading options, 18-foot ceilings, and both single and three-phase power. An additional 1.1 acres of undeveloped land offers potential for expansion or future development. Located outside Houston city limits, this asset benefits from proximity to I-45 and Beltway 8, offering excellent access to Port Houston, George Bush Intercontinental Airport, and downtown Houston. The property consists of two single-story buildings, built between 2000 and 2005, and is zoned for industrial use. The property is currently 35% occupied with two tenants. The buildings offer a mix of unit sizes, with drive-in doors and varying power options. This property is well-suited for investors seeking a value-add opportunity or businesses requiring flexible industrial space in a strategic location. The property is outside the 100-year floodplain.

    Property Features for 238 Memory Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    25,864 SF
    Class
    C
    Lot Size
    101,930 SF

    Building Details

    Year Built
    2000
    Buildings
    2
    Stories
    1
    Units
    7

    HighLights

    • 25,864 SF building on 1.33 acres.
    • 35% occupancy.
    • Multiple units with drive‑in doors, 18' clear height ceilings, 3‑phase and 1‑phase power, and loading dock.
    • Additional 1.1‑acre undeveloped lot.
    • Excellent location with convenient city access.
    • Near I‑45 and Beltway 8.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    QUALITY AUTO HAIL Auto Dent Removal Service Tiffany Multiservices Notary Public

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.406480647702
    Latitude
    29.904509494253

    Nearby Similar for Sale

    • $480,000
      2,236 SF

      Modern Duplex Near Medical Center

      Two-story duplex built in 2020, convenient location, fully equipped.
      6501 Osprey Dr, Houston, TX 77048
      View Details
    • $950,000
      0.60 Acres

      Versatile Office-Warehouse Flex Building

      Office-warehouse flex building on 0.60 acres in a high-visibility location.
      11043 Jones Rd, Houston, TX 77070
      View Details
    • $340,000
      1,883 SF

      Charming Renovated Houston Duplex

      Renovated duplex in Houston, perfect for homeowners or investors.
      2212 Terry St, Houston, TX 77009
      View Details
    • $4,500,000
      13,508 SF

      Houston Retail Property on Interstate

      2.64-acre retail site with showroom, service center, and shop.
      15150 North Fwy, Houston, TX 77090
      View Details
    • $7,500,000
      1.39 Acres

      New Car Wash on Highway

      Newly built car wash on high-traffic Houston corridor for sale.
      3703 Highway 6 S, Houston, TX 77082
      View Details
    • $2,000,000
      16,800 SF

      North Houston Multi-Use Facility

      Two-story, 16,800 SF medical or specialty facility for sale.
      12414 Dawn Rd, Houston, TX 77067
      View Details

    FAQs

    What type of property is this?
    Distribution property - 25,864 SF multi-tenant industrial complex
    Where is this distribution property located?
    The property is located at 238 Memory Ln Houston, TX.
    What are key features of this property?
    This property features: 25,864 SF building on 1.33 acres.; 35% occupancy.; Multiple units with drive-in doors, 18' clear height ceilings, 3-phase and 1-phase power, and loading dock.
    Request Owner's contact information
    238 Memory Ln Houston, TX 77037
    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.
    238 Memory Ln
    Houston, TX 77037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    238 Memory Ln Houston, TX 77037
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.