Dickinson Childcare Facility For
For Sale
$2,909,090
303 Spruce St, Dickinson, TX 77539
Stabilized childcare investment property in Southeast Houston market.
Property Size20,375 SF
Price / SF$142.78
Days on Market213
Property Features for 303 Spruce St
General Information
Standard status
Active
Size
20,375 SF
Property subtype
Commercial
Lease Term
±5 YRS
Net Operating Income
$240,000
Building Details
Year Built
2005
Listing Agency:
Matthews Real Estate Investment Services | Austin
Listed By:
Briggs Mosher · License #824844 (TX)
(737) 231-2977
Source:
Matthews
Added: Mar 27
Changed: Oct 14
Last Checked: Oct 24 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Austin
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Investment Insights
Based on property information with market context.
This property is a stabilized childcare real estate investment leased to a long-tenured local operator in the Southeast Houston market. The asset consists of two freestanding buildings that operate as an early-education facility. The buildings present like flex or light-industrial space, providing added versatility beyond the current use. Located in Dickinson, the property benefits from the planned expansion of State Highway 99 (Grand Parkway), which is expected to improve regional connectivity and support continued residential and commercial growth throughout the surrounding corridor. The property size is 20375 square feet. The offering is structured as a five-year sale-leaseback, delivering in-place income with multiple exit options at lease expiration, including lease renewal, re-tenanting, or repositioning for alternative uses.
Key Highlights
- Stabilized childcare real estate investment with in‑place income.
- Features a five‑year sale‑leaseback structure.
- Long‑tenured local operator in place as tenant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,704
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,080
$2.1M
Cap Rate 7%
$1,481,486
$1.5M
Cap Rate 9%
$1,152,267
$1.2M
Market Conditions
NOI Build-Up for 20,375 SF
Gross rent
$158.1K $7.76/SF
− Vacancy
−$10.0K −$0.49/SF
EGI
$148.1K $7.27/SF
− OpEx
−$44.4K −$2.18/SF
NOI
$103.7K $5.09/SF
Area
Galveston County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,080
Cap Rate 7%
$1,481,486
Cap Rate 9%
$1,152,267
Alternative Uses
Best Use
Industrial
$1.48M
$1.30M – $1.73M
NOI $103,704 @ 7.0% cap · market cap 3.56%
Second Best
Flex RnD
$1.41M
$1.23M – $1.64M
NOI $98,559 @ 7.0% cap · market cap 3.39%
Theoretical Best
Multifamily LT 5
$228.43M
$199.88M – $266.51M
NOI $15,990,373 @ 7.0% cap · market cap 549.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77539, TX
48,183
Population
18,725
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
84%
High-School Grad
48.4 sq mi
ZIP Area
996
Density / Sq Mi
$85,263
Median Household Income
$49,580
Median Earnings
$1,370
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Day care center - Stabilized childcare investment property in Southeast Houston market.
Where is this day care center located?
The property is located at 303 Spruce St Dickinson, TX.
What is the asking price?
The asking price for this property is $2,909,090.
What are key features of this property?
This property features: Stabilized childcare real estate investment with in‑place income.; Features a five‑year sale‑leaseback structure.; Long‑tenured local operator in place as tenant.
