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32861834
32861828

4302 Delhi Street, Houston, TX 77022 For Sale

CG
TX 802540
Boulevard Realty
Listed by Boulevard Realty
$249,000
60 days on market
Updated 60 days ago

Daycare on Double Lot

Details
Property Type Retail, Land
Sub Type Day Care/Nursery, Residential (+1)
Square Footage 1,773
Cap Rate 9.64%
NOI $24,000
Tenancy Single
Lease Type Gross
Class B
Year Built 1987
Acreage 10000.000
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

Established Neighborhood Daycare

Marketing description

Own a piece of Independence Heights history with this 1,773 SF commercial building, operating continuously as a daycare since 1988. Situated on a corner lot just one block off Crosstimbers, the property features two bathrooms and a functional layout suited for continued childcare use or a variety of future commercial applications. Please do not disturb the tenants.

This is a true investment opportunity with an established long-term tenant currently paying $3,000 per month plus utilities, providing consistent income with minimal landlord expense exposure. The tenant has successfully operated their business here for decades and would like to remain in place, offering stability and immediate cash flow for an investor seeking a well-performing asset in a rapidly appreciating area.

Located in the heart of Independence Heights, one of Houston’s fastest-growing and most actively redeveloping neighborhoods, the property benefits from excellent access to all major freeways including I-45, 610, and Highway 290. Surrounded by ongoing residential and commercial development, remodeled homes, and new construction, the area continues to see strong demand driven by its proximity to Downtown Houston, The Heights, Garden Oaks, and major employment centers.

Investment highlights

  • Long-term daycare tenant in place since 1988
  • Tenant currently paying $3,000/month + utilities
  • Stable cash-flow investment with low landlord expense exposure
  • Tenant would like to remain, offering operational continuity
  • 1,773 SF commercial building with 2 bathrooms
  • Corner lot location just off Crosstimbers
  • Commercial designation allows for flexible future use
  • Located in rapidly appreciating Independence Heights
  • Minutes from Downtown Houston, The Heights, and Garden Oaks
  • Immediate access to I-45, Loop 610, and Highway 290
  • Surrounded by ongoing redevelopment and new construction
  • Potential long-term redevelopment or owner-user opportunity

Listing Contacts

CG
TX 802540
Boulevard Realty
Listed by Boulevard Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,000.00
$2,000.00/mo

Valuation Metrics

0
DSCR
9.64%
Cap Rate
9.64%
ROI

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Additional Information

Name
Caden Gracia
License
802540
Brokerage
Boulevard Realty
Brokerage Phone
(713)862-1600
Title
Realtor
Brokerage Address
1523 Yale Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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