4038 Braeswood BlvdHouston, TX 77025

Property Details for 4038 Braeswood Blvd

Year built

1975

Construction

STEEL FRAME

Lot size

0.44 AC

Property size (Sq ft)

3,539 SF

Property type

Retail properties

Property subtype

Retail space

APN

440860000018

APU

440860000018

Description

This exceptional Houston investment opportunity presents a fully leased, 6,112 square foot shopping center on a 0.67-acre lot at 4038 & 4040 S. Braeswood Blvd, in Harris County, zip code 77025. The property boasts six tenants under NNN leases, generating a strong net operating income (NOI) of $174,000 and a 6.00% capitalization rate. Built in 1971 and extensively renovated in 2008, the single-story complex features a diverse tenant mix including a pharmacy, coffee shop, hair studio, professional offices, and a cell tower installation, minimizing investment risk. The 100% occupancy ensures a reliable income stream. The property benefits from ample parking (over 19 spaces) and prominent monument signage. Located near the Texas Medical Center, this prime location enjoys high traffic volume and a strong demographic profile, with average household incomes exceeding $120,000 within a one-mile radius. The upcoming Stella & Braes development, projected for completion in late 2026, promises further property value appreciation. This investment offers a compelling combination of stable income and significant growth potential. The asking price is $3,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,065,446

  6.5%

  $983,488

  7%

  $913,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,318,205

  Geo Method

  $2,670,044

• Alternative Use

  Use

  Valuation

  Residential

  $829,609

  Hospitality

  $759,918

  Educational

  $632,243

  Medical

  $653,986

  Retail

  $983,488

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.69

Longitude

-95.4427

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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