909 Richmond Ave$33.57 – $40.87/SF/yr FS
2465 Memorial Dr
90,500 SF of Medical space available at 2465 Memorial Dr, Houston, TX 77042. For Sale through Northgate Commercial.
For SaleStatus
90,500 SFAvailable
$31.19/SFAsking rent
$68MAsking price
7.63%Cap rate
1918Year built
BClass
Property facts
| Property type | Medical |
|---|---|
| Building class | B |
| Rentable area | 181,300 SF |
| Available | 90,500 SF |
| Stories | 2 |
| Year built | 1918 |
| Renovated | 2004 |
| Typical floor | 90,650 SF |
| Lot size | 3.44 acres |
| Parking ratio | 4.4/1,000 SF |
| Occupancy | 50.1% |
| Zoning | C-3 |
| Parcel ID | 96-599-8502 |
| Submarket | Westchase |
| Market | Houston |
| Days on market | 220 |
| Walk Score | 81 |
| Transit | Light rail 5 min |
| Listing package | Basic |
Building amenities
Concierge, Energy Star, Roof Terrace, Bike Storage, Food Service
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P LBBY | Office | Direct | 4,530 – 40,000 | $34.87/SF | Negotiable | Vacant |
| P LBBY | Medical | Direct | 2,360 – 6,190 | $31.07/SF | Thru Sep 2032 | Oct 2026 |
| P LBBY | Medical | Direct | 3,370 – 10,190 | On request | Negotiable | Vacant |
| P 2nd | Medical | Direct | 34,120 | $26.70/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Cobalt Analytics | Real Estate | 1 | 19,260 | 2029-10-01 |
| Redline Robotics | Financial Services | 2 | 5,660 | 2027-10-01 |
| Pecos Drilling Services | Legal | 1 | 8,340 | 2023-05-01 |
| Commonwealth Medical Group | Education | 2 | 11,810 | 2025-11-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-10-06 | $42.84M | $236.28 | 6.79% | Greystone Holdings | Ironwood Capital Partners |
| 2023-09-10 | $44.24M | $244.00 | 4.63% | Kestrel Investment Group | Lakeshore Realty Trust |
| 2021-06-19 | $36.02M | $198.70 | 8.49% | Lakeshore Realty Trust | Aldergate Capital |
Public record
| Owner of record | Potomac Realty Trust LLC |
|---|---|
| Assessed value | $10.52M |
| Land value | $1.58M |
| Improvement value | $8.93M |
| Annual tax | $119K |
| Tax year | 2026 |
| Lot size | 149,846 SF |
| Last deed | 2024-05-31 |
| Deed type | Bargain and Sale Deed |
| Legal description | LOT 39 BLK 571 WESTCHASE ADDN |
Location
2465 Memorial Dr
Houston, TX 77042
Westchase submarket · Houston market
29.73935, -95.57422
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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