Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Strip malls

    15455 Memorial Dr, Houston, TX 77079

    17,491 SF 1.14 ac lot Built 2004
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-3875780
    Property summary
    AI-generated overview

    Memorial Plaza presents a remarkable 835-square-foot retail space in Houston, Texas, ideally situated within the vibrant Energy Corridor. This single-tenant property boasts a highly visible location at the well-lit intersection of Memorial Drive and West Lake Boulevard, offering exceptional exposure to a substantial customer base. The strategic placement between Highway 6 and Eldridge Parkway, with convenient access to Interstate 10, ensures unparalleled connectivity and accessibility. This prime location is surrounded by major energy companies and a dense residential population, creating a robust market for retail businesses. The entire 835 square feet is currently vacant, providing a blank canvas for a new tenant to establish their presence in this thriving commercial area. Located in Harris County, with a zip code of 77079, this property offers a unique chance to capitalize on the high traffic volume and strong demographics of the Energy Corridor. The address is 15455 Memorial Dr, Houston, TX. This is an exceptional opportunity for businesses seeking high visibility and convenient access within a dynamic and affluent community. The property's size and location make it suitable for a variety of retail uses.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2004
    Construction CONCRETE BLOCKS
    Total area 17,491 SF
    Lot 1.14 ac (49,576 SF)
    APN 1146750010004
    UPID US82-3875780
    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
    • Farmers Insurance - Malinda Beckham Insurance Agency
    • Emergency Dentist Memorial Dental Office
    • Frost Bank Bank Loan Service
    • Frost Bank ATM Atm
    • BP Federal Credit Union Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $450k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $579k
    Blend (final) Blend
    $515k
    Owner & transaction history
    Bond Street Fund 25 LLC · 4 yrs held
    Bond Street Fund 25 LLC
    since 2022
    7 recorded transactions
    2022
    2020
    2014
    1997
    $325,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $855,000 +86.4%
    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