Day Care Center With
For Sale
Contact for pricing
3501 RED BLUFF RD, Pasadena, TX 77503
Day care property with two outdoor playgrounds, a separate storage building, and Beltway access.
Property Size2,344 SF
Price / SF$362.63
Days on Market10
Property Features for 3501 RED BLUFF RD
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Office, Mixed Use, Special Purpose
Additional Details
Highway Access
Yes
Amenities
playgrounds
Building Details
Year Built
1960
Buildings
2
Units
1
Listing Agency:
American Real Estate, Inc. - ERA Powered
Listed By:
Belinda Hyland · License #642163
Source:
Crexi
Added: Aug 2
Changed: Aug 10
Last Checked: Aug 10 at 8:12AM
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 American Real Estate, Inc. - ERA Powered
Investment Insights
Based on property information with market context.
This day care property at 3501 Red Bluff Rd in Pasadena, Texas, includes 2,344 square feet of building space, two playgrounds, and a separate storage building. The improvements date to 1960 and are configured for a childcare use.
The property provides access to the Beltway and includes outdoor play areas as well as additional storage capacity. Its existing day care configuration and supporting site improvements offer a defined commercial facility for continued childcare operations.
The property provides access to the Beltway and includes outdoor play areas as well as additional storage capacity. Its existing day care configuration and supporting site improvements offer a defined commercial facility for continued childcare operations.
Key Highlights
- 2,344‑square‑foot day care facility
- Two playgrounds included
- Separate storage building on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,080
$566.1K
Cap Rate 7%
$404,343
$404.3K
Cap Rate 9%
$314,489
$314.5K
Market Conditions
NOI Build-Up for 2,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.2K $21.00/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$45.3K $19.32/SF
− OpEx
−$17.0K −$7.25/SF
NOI
$28.3K $12.08/SF
Area
Pasadena, TX
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,080
Cap Rate 7%
$404,343
Cap Rate 9%
$314,489
Alternative Uses
Best Use
Mixed Use
$404.3K
$353.8K – $471.7K
NOI $28,304 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.6K
$676.9K – $902.5K
NOI $54,149 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77503, TX
24,956
Population
8,980
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
6.3 sq mi
ZIP Area
3,961
Density / Sq Mi
$64,977
Median Household Income
$37,015
Median Earnings
$1,211
Median Rent
$165,300
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Kids Connect of Pasadena — 1431 East Sam Houston Pkwy S, Pasadena, TX 77503
- Tasha's Little Angels — 3902 san augustine ave, pasadena, tx 77503
- Kids of Valor Academy-Pasadena — 3501 Red Bluff Rd, Pasadena, TX 77503
- Kids Connect on Pasadena Blvd — 2722 pasadena blvd, pasadena, tx 77502
- Kids First of Pasadena LLC — 2722 Pasadena Blvd, Pasadena, TX 77502
Frequently Asked Questions
What type of property is this?
Day care center - Day care property with two outdoor playgrounds, a separate storage building, and Beltway access.
Where is this day care center located?
The property is located at 3501 RED BLUFF RD Pasadena, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,344‑square‑foot day care facility; Two playgrounds included; Separate storage building on site
