Corner Office
For Sale
$474,500
209 S Texas Avenue, Bryan, TX 77803
Commercial, Bryan, TX
Property Size2,644 SF
Lot Size0.36 Acres
Price / SF$179.46
Days on Market443
Property Features for 209 S Texas Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B12
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
Starting from the intersection of William J Bryan Pkwy and Texas Ave, Go South on Texas Ave approximately 1000 feet and the property will be on the Left.
Standard status
Active
APN
209 Texas B12
Size
2,644 SF
Lot size
0.36 Acres
Building Details
Year built
1955
Flooring type
Concrete
Listing Agency:
Longitude Real Estate
(979) 431-5005
Listed By:
Gordon Pate · License #0321188
(979) 777-4081
Added: Jul 9, 2025
Changed: Sep 2
Last Checked: Sep 24 at 5:06PM
MLS# 25007735
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.
Investment Insights
Based on property information with market context.
This office property at 209 S Texas Avenue includes a 2,644-square-foot building constructed in 1955 with concrete flooring. The underlying 15,625-square-foot parcel contains 0.3587 acres and is currently leased on a month-to-month basis, providing flexibility for continued occupancy or future repositioning.
The property occupies a corner location directly across from the Brazos County Courthouse in Bryan, with street frontage and on-site parking. It is designated within an Opportunity Zone and qualifies for the City of Bryan’s Corridor Beautification Partnership, which may support exterior improvement work. The property is also positioned for redevelopment, renovation, or owner occupancy, subject to applicable requirements.
The property occupies a corner location directly across from the Brazos County Courthouse in Bryan, with street frontage and on-site parking. It is designated within an Opportunity Zone and qualifies for the City of Bryan’s Corridor Beautification Partnership, which may support exterior improvement work. The property is also positioned for redevelopment, renovation, or owner occupancy, subject to applicable requirements.
Key Highlights
- 2,644‑square‑foot office building constructed in 1955
- 15,625‑square‑foot property comprising 0.3587 acres
- Corner location across from the Brazos County Courthouse
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
$34,772
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
7.33%
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%
$695,440
$695.4K
Cap Rate 7%
$496,743
$496.7K
Cap Rate 9%
$386,356
$386.4K
Market Conditions
NOI Build-Up for 2,644 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
$55.5K $21.00/SF
− Vacancy
−$9.2K −$3.47/SF
EGI
$46.4K $17.54/SF
− OpEx
−$11.6K −$4.38/SF
NOI
$34.8K $13.15/SF
Area
Brazos County, TX
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$695,440
Cap Rate 7%
$496,743
Cap Rate 9%
$386,356
Alternative Uses
Best Use
Office B
$496.7K
$434.7K – $579.5K
NOI $34,772 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.1K
$569.7K – $759.6K
NOI $45,574 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office property with a month-to-month tenancy, courthouse frontage, convenient parking, and redevelopment flexibility.
Where is this office building located?
The property is located at 209 S Texas Avenue Bryan, TX.
What is the asking price?
The asking price for this property is $474,500.
What are key features of this property?
This property features: 2,644‑square‑foot office building constructed in 1955; 15,625‑square‑foot property comprising 0.3587 acres; Corner location across from the Brazos County Courthouse
