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2020 N Memorial Way 5,000 SF 100% Leased Flex Building Houston, TX 77007 $4,350,000 ($870/SF)

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EXECUTIVE SUMMARY

Ideal LOCATION for any owner user, investor or possible redevelopment. The Property is less than two miles from downtown Houston, with easy access to both I-10 and I-45 and features a unique view of the downtown skyline. 2020 N Memorial Way consists of Two Buildings Totaling ~6,656 sq. ft. (Per HCAD). The main building a is a Single Story Office built in 1935 containing ~5,000 sq. ft. with an added warehouse of ~1,650 sq. ft. for additional rental income or warehouse storage. The office area features high ceilings, central HVAC, natural lighting, fenced parking, covered parking, common area kitchenette, break room, and restrooms. Newly installed 25 KW auto gas fired generator. The seller is also open to offering the space fully furnished.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $132,000 $26.40
Other Income - -
Vacancy Loss - -
Effective Gross Income $132,000 $26.40
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $132,000
Annual Per SF $26.40
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $132,000
Annual Per SF $26.40
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $4,350,000
Price Per SF $870
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Flex Research & Development
  • General Retail Freestanding
  • Showroom
  • OfficeLoft Creative Space
Building Class B
Lot Size 0.70 AC
Rentable Building Area 5,000 SF
No. Stories 1
Year Built/Renovated 1935/2023
Parking Ratio 1.8/1,000 SF

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Security System
  • Yard
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Millennium Rds
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Technical Risks Inc
  • Public Administration
  • -
  • -
  • -
  • Upstream Insurance Brokers
  • Finance and Insurance
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Millennium Rds Health Care and Social Assistance - - -
Technical Risks Inc Public Administration - - -
Upstream Insurance Brokers Finance and Insurance - - -
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1319870010001
Land Assessment
$1,677,280 (2025)
Improvements Assessment
$459,305 (2025)
Total Assessment
$2,136,585 (2025)
  • Listing ID: 36282858

  • Date on Market: 6/17/2025

  • Last Updated:

  • Address: 2020 N Memorial Way, Houston, TX 77007

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