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234A-238 Memory Ln, Houston, TX 77037 238 Memory Ln
25,864 SF 35% Leased Industrial Building Houston, TX 77037 For Sale
Investment Highlights
- Outside any flood plain.
- Additional undeveloped 1.1 acre lot; Ample Acreage for Additional Development or Business Use; Outside of the 100-year Flood Plain.
- Close Proximity to Interstate 45, and Texas State Highway Beltway 8, two major highways.
- Multiple Units with Drive in Doors, High Ceilings 18 ft Clear Hight , 3-Phase and 1-Phase Power, Loading Dock.
- Strategic point within the city, designated for convenient access from various points throughout the urban area.
- Within +/—18.8 miles from Port Houston, +/—12.5 miles from George Bush Intercontinental Airport, and +/—11.6 miles from Houston Downtown.
Executive Summary
Location: 234A-238 Memory Ln, Houston, TX 77037
Price: Contact for details
Land: 1.33 acres with improvements + additional 1.1-acre undeveloped lot
This prime industrial property, located just outside of Houston's city limits in its extraterritorial jurisdiction, offers an exceptional opportunity for both investors and businesses seeking a secure, versatile space. With a total of 25,864 SF of improvements spread across two industrial buildings and a 1.1-acre undeveloped lot (currently being stabilized and equipped with a retention pond), this property provides a unique combination of ready-to-use space and future development potential.
Building 1 – 15,064 SF:
Divided into 3 units
Each unit equipped with a drive-in door
18’ clear height for ample storage or operations
3-phase power (480 volts, 200 amps) for heavy-duty equipment
Office space available for each unit
Dual access from the front and rear of the building
Building 2 – 10,800 SF:
Divided into 4 units
Each unit equipped with a drive-in door
18’ clear height
Single-phase power
Office space available for each unit
Dual access from the front and rear of the building
The property also features two dock-high loading bays in the common area, making it ideal for businesses requiring easy loading and unloading.
The entire lot is fenced and gated, providing enhanced security for operations or storage.
Strategically located with quick access to I-45 and Beltway 8, this property offers excellent logistical advantages for transportation and distribution. The surrounding area is a thriving industrial and commercial hub, offering ample opportunities for leasing, immediate use, or even future redevelopment.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$298,200
|
$11.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$298,200
|
$11.53
|
| Taxes |
$31,829
|
$1.23
|
| Operating Expenses |
$48,000
|
$1.86
|
| Total Expenses |
$79,829
|
$3.09
|
| Net Operating Income |
$218,371
|
$8.44
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $298,200 |
| Annual Per SF | $11.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $298,200 |
| Annual Per SF | $11.53 |
| Taxes | |
|---|---|
| Annual | $31,829 |
| Annual Per SF | $1.23 |
| Operating Expenses | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $1.86 |
| Total Expenses | |
|---|---|
| Annual | $79,829 |
| Annual Per SF | $3.09 |
| Net Operating Income | |
|---|---|
| Annual | $218,371 |
| Annual Per SF | $8.44 |
Property Facts
Amenities
- Fenced Lot
- Front Loading
- Skylights
Utilities
- Lighting
- Gas
- Water
- Sewer
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
10,800 SF of industrial space. This space encloses 4 units, which can be used by multi-service businesses or modified to accommodate tenants' needs. 1,593 SF of office space is available and distributed along the building. The building's clear height is 18', and it has 4 bay doors, single-phase power, and 14 parking spaces. Additionally, 17,400 sf of land area is available for tenant use, gated property outside city limits.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 238 | 10,800 SF | Industrial | Full Build-Out | Now |
1st Fl - 238
| Size |
| 10,800 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 238
| Size | 10,800 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
10,800 SF of industrial space. This space encloses 4 units, which can be used by multi-service businesses or modified to accommodate tenants' needs. 1,593 SF of office space is available and distributed along the building. The building's clear height is 18', and it has 4 bay doors, single-phase power, and 14 parking spaces. Additionally, 17,400 sf of land area is available for tenant use, gated property outside city limits.
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,718,559 (2023) | |
| Land Assessment | $292,688 (2023) | Annual Taxes | $31,829 ($1.23/SF) |
| Improvements Assessment | $1,425,871 (2023) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
zoning
| Zoning Code | No Zoning (No Zoning) |
| No Zoning (No Zoning) |
-
Carlos Iglesias -
Riverflow Commercial Properties
Presented by
234A-238 Memory Ln, Houston, TX 77037 | 238 Memory Ln
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