You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Strip malls

14501 Memorial Dr Houston, TX 77079

2,940 SF 0.68 ac lot Built 1965
Individually Owned 22-yr Hold Free & Clear
Property ID
US82-2911546
Property summary
AI-generated overview

This exceptional investment opportunity presents a 10,572 square foot, multi-tenant retail shopping center located at 14501-14509 Memorial Drive in Houston, Texas, 77079. Built in 2022, this property sits on a 29,403 square foot lot and boasts 100% occupancy with eight tenants, including Baskin Robbins and Kumon, all under NNN leases with personal guarantees, generating a strong NOI of $305,171. The center underwent significant renovations in 2022, resulting in a modern and attractive space. Its prime location in a high-income demographic area, with excellent visibility and accessibility due to proximity to major highways, ensures consistent traffic. The property features two buildings, including a pad site, offering flexibility for various businesses. The design promotes walkability and convenience for residents, while prominent signage ensures excellent branding opportunities. This well-established center is a cornerstone of the community, offering a stable and predictable income stream for investors. The property's strategic location, strong tenant mix, and recent renovations make it an attractive investment opportunity in a highly desirable Houston market. The property's layout effectively accommodates a variety of retail and service-oriented businesses, catering to diverse customer needs.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Construction BRICK
Total area 2,940 SF
Lot 0.68 ac (29,403 SF)
APN 402240000058
UPID US82-2911546
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Katy Watch & Clock Repair (Bike/Boat/Book/etc) Store
  • Infidel Defense Gun Transfers and Ammo (Bike/Boat/Book/etc) Store
  • Watch Repair Near Me (Bike/Boat/Book/etc) Store
  • PASTEL Rug&Co (Bike/Boat/Book/etc) Store Carpet & Flooring Store
  • Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bradley,robert A Tr · 22 yrs held
Bradley,robert A Tr
since 2003
1 recorded transaction
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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