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15455 Memorial Dr Houston, TX 77079

Strip malls Google Maps
17,491 SF 1.14 ac lot Built 2004
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$515k
Range $464k – $567k (±10%)
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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Dental Office
  • Bank Loan Service
  • Atm
  • 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

since 2022
7 recorded transactions
2022
Price N/A
2020
Price N/A
2014
Price N/A
1997
$325,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $855,000 +86.4%

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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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
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