Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1602 Millican Meadows Circle College Station, TX 77845

    View on Map
    New
    For Sale
    $369,900

    LAND - College Station, TX

    Lot size:
    3.37 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 1602 Millican Meadows Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    111
    Standard status
    Active
    APN
    1602 Millican Meadows 111
    Lot size
    3.37 Acres

    We can help!

    Listing Contact
    Caitlin Wheat

    Listing agent Caitlin Wheat

    Listing office Miles of Grace Realty LLC P.O. Box 9069, College Station, TX

    Listing date Mar 30, 2026

    MLS# 26003973

    Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Secluded Land in College Station

    This 3.37-acre property is zoned for CSISD and located within a conservation-based community. The wooded lot gently slopes toward a 1000-acre green space. Towering hardwoods and lush vegetation provide natural privacy. The homesite is directly across the street from the Meadows pond and a short distance from a playground and pocket library. Community features include a 40-acre lake for fishing and kayaking, a community farm with a farm stand most Saturdays, a boathouse event space, and horse boarding facilities. A network of 30 miles of scenic trails wind through the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.219051
    Latitude
    30.509914

    Nearby Similar for Sale

    • $2,190,000
      8,668 SF

      Restaurant and Bar Ready Property

      Turnkey restaurant and bar with additional retail/office suites.
      3006 BARRON ROAD, College Station, TX 77845
      View Details
    • $525,000
      4,288 SF

      College Station Fourplex Investment Opportunity

      Fully leased fourplex near Texas A&M with strong income potential.
      17292-17298 Cedar Rock Ct, College Station, TX 77845
      View Details
    • $1,995,000
      5,362 SF

      Modern Industrial Office Space

      Two-story office with modern design, 13 private offices.
      1645 Greens Prairie Road W unit: 404, College Station, TX 77845
      View Details
    • $910,000
      3,508 SF

      College Station Fourplex Investment Opportunity

      Two side-by-side fourplexes near Texas A&M University.
      1216 & 1218 Holik Drive unit: A-D, College Station, TX 77840
      View Details
    • $455,000
      3,960 SF

      College Station Fourplex Investment Opportunity

      Fourplex near Texas A&M with strong rental performance.
      1216 Holik Drive unit: A-D, College Station, TX 77840
      View Details
    • $420,000
      2,671 SF

      South College Station Duplex Opportunity

      Spacious duplex in desirable location, perfect for investment or living.
      901 Crepe Myrtle Street, College Station, TX 77845
      View Details
    • $324,500
      1,985 SF

      Duplex in College Station, Texas

      Well-maintained duplex with strong rental history and excellent location.
      213-215 Yale Circle, College Station, TX 77840
      View Details
    • $569,000

      Prime Commercial Lot Available

      Commercial lot in Cityview development, suitable for various businesses.
      3022 Barron Road, College Station, TX 77845
      View Details
    • $569,000

      Commercial Lot in Cityview Development

      Prime commercial lot in College Station's Cityview development.
      3024 Barron Road, College Station, TX 77845
      View Details
    • $345,790

      Prime Homesite in Bertram Grove

      Large homesite ready for custom vision in College Station, TX.
      4131 Wild Creek Court, College Station, TX 77845
      View Details
    • $369,000
      2,320 SF

      Updated Duplex Near Texas A&M

      Two-unit property near Texas A&M with updated features.
      401 Park Road unit: A-B, College Station, TX 77840
      View Details
    • $2,279,400
      9,680 SF

      New Townhomes in College Station

      Fully leased townhomes near campus, ideal for investors.
      4039-4059 Gunner Trail, College Station, TX 77845
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.37 acres in a conservation-based community near Highway 6.
    Where is this residential land & home lot located?
    The property is located at 1602 Millican Meadows Circle College Station, TX.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: 3.37‑acre lot zoned for CSISD.; Located in a conservation‑based community with access to a **1000‑acre green space**.; Access to **30 miles of scenic trails** for hiking and outdoor activities.
    (979) 229-5541
    We can help!
    Listing Contact
    Caitlin Wheat
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!