15455 Memorial DrHouston, TX 77079

Property Details for 15455 Memorial Dr

Year built

2004

Construction

CONCRETE BLOCKS

Lot size

1.14 AC

Property size (Sq ft)

17,491 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1146750010004

APU

1146750010004

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,265,813

  6.5%

  $4,860,750

  7%

  $4,513,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,515,037

  Geo Method

  $13,196,309

• Alternative Use

  Use

  Valuation

  Residential

  $4,100,225

  Hospitality

  $3,755,784

  Educational

  $3,124,768

  Medical

  $3,232,234

  Retail

  $4,860,750

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7794

Longitude

-95.628

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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