Flex Building With
For Sale
$699,900
2606 S Texas Avenue, Bryan, TX 77802
Commercial, Bryan, TX
Property Size5,490 SF
Lot Size0.46 Acres
Price / SF$127.49
Days on Market285
Property Features for 2606 S Texas Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B08
Lot features
Fencing
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
From Villa Maria and Texas Avenue, North on Texas, U-turn at Twin/Post Office, Site can be accessed off Texas or Maloney.
Standard status
Active
APN
2606 Texas B08
Size
5,490 SF
Lot size
0.46 Acres
Building Details
Year built
1983
Flooring type
Concrete
Roof type
Metal
Listing Agency:
RE/MAX 2020 · RE/MAX International
(979) 383-2020
Listed By:
Chad Hovde · License #60817
(979) 450-4347
Added: Nov 17, 2025
Changed: Aug 19
Last Checked: Aug 29 at 4:06AM
MLS# 25011899
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 5,490-square-foot flex property, built in 1983, combines several functional areas within one commercial building. The Texas Avenue frontage includes a glass-front showroom and dining or entertainment area, while the central section contains a food-preparation space with two overhead vent hoods, a walk-in freezer, a walk-in cooler, and permanently installed plumbing fixtures. Freestanding kitchen equipment is excluded from the conveyance and may be purchased separately.
A secondary entrance leads to a lobby, two offices or flex rooms, a kitchenette, and a restroom. The rear portion includes warehouse and storage space, with the walk-in refrigeration equipment located in that area. A commercial roll-up door and pedestrian entrance serve the Maloney Avenue side. The property occupies 0.4591 acres, has concrete flooring and a metal roof, and is currently owner occupied. Its configuration can support multiple tenants and uses, subject to applicable requirements.
A secondary entrance leads to a lobby, two offices or flex rooms, a kitchenette, and a restroom. The rear portion includes warehouse and storage space, with the walk-in refrigeration equipment located in that area. A commercial roll-up door and pedestrian entrance serve the Maloney Avenue side. The property occupies 0.4591 acres, has concrete flooring and a metal roof, and is currently owner occupied. Its configuration can support multiple tenants and uses, subject to applicable requirements.
Key Highlights
- 5,490‑square‑foot commercial flex building on 0.4591 acres
- Glass‑front showroom and dining or entertainment area along Texas Avenue
- Food‑preparation area with 2 overhead vent hoods and permanent plumbing fixtures
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
$59,397
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
8.49%
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%
$1,187,940
$1.2M
Cap Rate 7%
$848,529
$848.5K
Cap Rate 9%
$659,967
$660.0K
Market Conditions
NOI Build-Up for 5,490 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
$92.2K $16.80/SF
− Vacancy
−$7.4K −$1.34/SF
EGI
$84.9K $15.46/SF
− OpEx
−$25.5K −$4.64/SF
NOI
$59.4K $10.82/SF
Area
Brazos County, TX
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,187,940
Cap Rate 7%
$848,529
Cap Rate 9%
$659,967
Alternative Uses
Best Use
Specialty Retail
$990.0K
$866.2K – $1.15M
NOI $69,298 @ 7.0% cap · market cap 9.90%
Second Best
Retail
$848.5K
$742.5K – $990.0K
NOI $59,397 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,630 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77802, TX
25,502
Population
12,189
Households
2.1
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,218
Density / Sq Mi
$68,132
Median Household Income
$43,920
Median Earnings
$1,272
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Renegade Bakery & Culinary Studio — 2606 S Texas Ave, Bryan, TX 77802
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom, food-preparation area, offices, warehouse storage, and rear loading access.
Where is this flex space located?
The property is located at 2606 S Texas Avenue Bryan, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 5,490‑square‑foot commercial flex building on 0.4591 acres; Glass‑front showroom and dining or entertainment area along Texas Avenue; Food‑preparation area with 2 overhead vent hoods and permanent plumbing fixtures
