This Neighborhood Shopping Ctr commercial property located at 12645 Memorial Dr in Houston is a Strip Shopping Center property, in the 77024 zip code. This property boasts 10694 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1985 Memorial Center Llc created 10694 SF of improvements. CXRE further estimates Memorial Center Llc and the property’s previous owners, have realized approximately $919,900 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $195,000.
Property Information
- Building #1
- Building ClassC - Masonry Bearing
- Building StyleNeighborhood Shopping Ctr
- HCAD Property IDHarrisCAD401600000018
- Improved Type DescriptionStrip Shopping Center
- Max Contiguous SF10,694
- Min Contiguous SF10,694
- OwnerMEMORIAL CENTER LLC
- QualityAverage
- Rentable Building Area10543
- Use Code DescriptionReal, Commercial
- Year Built1985
Financial Details
- Est. Accrued Depreciation$919,899
- Est. Avg. Income195046
- MS Replacement Cost$919,899
- Value Per Sq Ft$0.00