10266 North FwyHouston, TX 77037

Property Details for 10266 North Fwy

Year built

1984

Lot size

0.75 AC

Property size (Sq ft)

10,579 SF

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional 10,579 sq ft, two-story retail/office building in Houston, TX (77037), presents a compelling value-add investment opportunity. Boasting a prime location on North Freeway (I-45) with high visibility and freeway frontage, the property enjoys a 100% occupancy rate across seven tenants, generating a strong NOI of $135,056 and a 6.84% cap rate. Currently leased under a mix of yearly (expiring October 31, 2024) and month-to-month agreements, this asset offers immediate cash flow and significant redevelopment potential. Built in 1984 and renovated in 2022, the property sits on a 0.75-acre lot and includes 30 parking spaces. The asking price is $1,975,000 ($186.69/sq ft). Its diverse tenant mix, including daycare, restaurant, and storefront uses, provides flexibility and resilience. The high daily vehicle count on the North Freeway (253,820 VPD) and frontage road (18,800 VPD) ensures exceptional exposure. This property is zoned for various commercial uses and offers a unique chance to capitalize on its strong current performance or pursue a redevelopment project. The flexible lease terms provide options for long-term growth and profitability.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.914

Longitude

-95.4121

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