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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

25,864 SF Industrial Property with Significant Development Potential
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 (CAD) Annual Per SF (CAD)
Gross Rental Income $422,690 $16.34
Other Income - -
Vacancy Loss - -
Effective Gross Income $422,690 $16.34
Taxes $45,117 $1.74
Operating Expenses $68,039 $2.63
Total Expenses $113,155 $4.38
Net Operating Income $309,534 $11.97

Financial Summary (Pro forma - 2025)

Gross Rental Income (CAD)
Annual $422,690
Annual Per SF $16.34
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $422,690
Annual Per SF $16.34
Taxes (CAD)
Annual $45,117
Annual Per SF $1.74
Operating Expenses (CAD)
Annual $68,039
Annual Per SF $2.63
Total Expenses (CAD)
Annual $113,155
Annual Per SF $4.38
Net Operating Income (CAD)
Annual $309,534
Annual Per SF $11.97

Property Facts

Sale Type Investment
Property Type Industrial
Property Subtype
Distribution
  • Flex Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 2.43 AC
Rentable Building Area 25,864 SF
No. Stories 1
Year Built 2005
Parking Ratio 1.48/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 4

Amenities

  • Fenced Lot
  • Front Loading
  • Skylights

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 8,220 SF
  • Industrial
  • Full Build-Out
  • Now

8,220 SF of industrial space. This space encloses 3 units, which can be used by multi-service businesses or modified to accommodate tenants' needs. About 750 SF of office space is available and distributed along the building. The building's clear height is 18', and it has 3 bay doors, single-phase power, and 12 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 Floor 8,220 SF Industrial Full Build-Out Now

1st Floor

Size
8,220 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor

Size 8,220 SF
Space Use Industrial
Condition Full Build-Out
Available Now

8,220 SF of industrial space. This space encloses 3 units, which can be used by multi-service businesses or modified to accommodate tenants' needs. About 750 SF of office space is available and distributed along the building. The building's clear height is 18', and it has 3 bay doors, single-phase power, and 12 parking spaces. Additionally, 17,400 sf of land area is available for tenant use, gated property outside city limits.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0452020010359
  • 0963390000003
  • 0963390000001
  • 0452020010035
Land Assessment
$414,876 CAD (2023)
Improvements Assessment
$2,021,129 CAD (2023)
Total Assessment
$2,436,006 CAD (2023)
Annual Taxes
$45,117 CAD ($1.74 CAD/SF)
Tax Year
2025 Payable 2025

zoning

Zoning Code No Zoning (No Zoning)
No Zoning (No Zoning)
  • Listing ID: 32894091

  • Date on Market: 2024-08-20

  • Last Updated:

  • Address: 238 Memory Ln, Houston, TX 77037

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