This Neighborhood Shopping Ctr commercial property located at 5535 Memorial Dr in Houston is a Strip Shopping Center property, in the 77007 zip code. This property boasts 33345 square feet and is in Good condition. According to CXRE’s research team: since its construction commenced in 2002 Pmt Partners Xi Ltd created 29865 SF of improvements. CXRE further estimates Pmt Partners Xi Ltd and the property’s previous owners, have realized approximately $3,027,100 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $990,700.

Property Information

  • Building #1
  • Building ClassC - Masonry Bearing
  • Building StyleNeighborhood Shopping Ctr
  • HCAD Property IDHarrisCAD1221070010001
  • Improved Type DescriptionStrip Shopping Center
  • Max Contiguous SF29,865
  • Min Contiguous SF33,345
  • OwnerPMT PARTNERS XI LTD
  • QualityGood
  • Rentable Building Area30020
  • Use Code DescriptionReal, Commercial
  • Year Built2002

Financial Details

  • Est. Accrued Depreciation$3,027,116
  • Est. Avg. Income990660
  • MS Replacement Cost$3,027,116
  • Value Per Sq Ft$0.00