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2020 N Memorial Way 6,656 SF Office Building Houston, TX 77007 $3,485,200 CAD ($523.62 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Prime hard-corner opportunity featuring a phenomenal fully renovated 5,000 SF office building with 13 dedicated parking spaces and Downtown View
- Exceptional hard-corner property featuring a renovated 5,000 SF office building, 13 parking spaces, and stunning Downtown Houston skyline views
- Rare development opportunity featuring a renovated 5,000 SF office building with 13 parking spaces and Downtown Houston views, with the option to purc
Executive Summary
• Tract 1 | 15,585 SF - Asking $2.5M
Includes the ~5,000 SF N Memorial office building with covered parking. Ideal for an owner user seeking a presence on Memorial with functionality already in place.
• Tract 2 | 3,453 SF- Asking $1M
Includes the ~1,656 SF Henderson warehouse building. Perfect for a smaller user, service business, or income producing component.
• Tract 3 | 11,457 SF- Asking $1M
Vacant land with potential curb cut. Strong redevelopment play on a highly visible corner.
Includes the ~5,000 SF N Memorial office building with covered parking. Ideal for an owner user seeking a presence on Memorial with functionality already in place.
• Tract 2 | 3,453 SF- Asking $1M
Includes the ~1,656 SF Henderson warehouse building. Perfect for a smaller user, service business, or income producing component.
• Tract 3 | 11,457 SF- Asking $1M
Vacant land with potential curb cut. Strong redevelopment play on a highly visible corner.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$250,934
|
$37.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$250,934
|
$37.70
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $250,934 |
| Annual Per SF | $37.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $250,934 |
| Annual Per SF | $37.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,656 SF
Building Class
B
Year Built/Renovated
1935/2015
Price
$3,485,200 CAD
Price Per SF
$523.62 CAD
Cap Rate
7.20%
NOI
$250,934 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,565 SF
Building FAR
0.22
Lot Size
0.70 AC
Zoning
Commercial
Parking
12 Spaces (1.8 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Millennium Rds
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Millennium Rds | Health Care and Social Assistance | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1319870010001 | Improvements Assessment | $643,913 CAD |
| Land Assessment | $2,351,429 CAD | Total Assessment | $2,995,343 CAD |
Property Taxes
Parcel Number
1319870010001
Land Assessment
$2,351,429 CAD
Improvements Assessment
$643,913 CAD
Total Assessment
$2,995,343 CAD
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2020 N Memorial Way
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