10266 North FwyHouston, TX 77037

For Sale
$1,975,000

High-Visibility, Multi-Tenant Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • High-traffic I-45 (North Freeway) frontage.
  • Excellent visibility for high daily commuter traffic.
  • High daily traffic counts: 253,820 on I-45 and 18,800 on the frontage road.
  • Opportunity for long-term lease agreements with new and existing tenants.
  • Ideal for redevelopment.
  • Flexible investment opportunity with month-to-month and short-term leases.

Property Details for 10266 North Fwy

Property type
Day care centers & nurseries, Other retail properties
Square Feet
10,579 SF
Class
C
Year Built/Renovated
1984/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.914025761437
Longitude
-95.412136961383
10266 North Fwy, Houston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10266 North Fwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message