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12850 Memorial Dr Houston, TX 77024

OFF-MARKET Power centers Google Maps
30,291 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

Town & Country Village, a well-established retail power center in Houston, Texas, presents a unique investment opportunity. Located at 12850 Memorial Drive, 77024, in Harris County, this property boasts a total of 30,291 square feet across nine suites. Currently, there is significant vacancy totaling 28,331 square feet, offering substantial potential for new tenants. The minimum divisible space is 1,205 square feet, ideal for smaller businesses, while larger tenants can occupy up to 7,615 contiguous square feet. This versatile space caters to a range of retail needs. The property sits on a 0.02-acre lot and has been a successful retail destination in West Houston for over four decades, establishing a strong presence within the community. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking to establish or expand their presence in a thriving market. The property's long-standing success speaks to its strategic location and enduring appeal. This is an exceptional opportunity to acquire a significant retail presence in a high-traffic area of Houston.

Property profile

Verified
Property type Power centers
Total area 30,291 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Clothing & Fashion Store
  • Clothing & Fashion Store
  • (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
  • (Bike/Boat/Book/etc) Store Party Supply Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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