Sign Up Successful!
You now have access to more from Realmo!
    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

    309 Pershing Ave College Station, TX 77840

    Sponsored
    For Sale
    $1,900,000

    Urban Residential Lots - College Station, TX

    Type:Single Family Residence
    Lot size:
    0.33 Acres
    Days on Market:
    54
    Last Refresh:
    Jan 31 at 3:06 am

    Property Features for 309 Pershing Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    C06
    Lot size
    0.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Shellenberger

    Keller Williams Brazos Valley (979) 693-9100

    Listing agent David Shellenberger (979) 693-9100

    Listing date Dec 9, 2025

    MLS# 25010108 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Residential Lots Near Texas A&M

    These residential lots are located in one of Brazos County’s most desirable subdivisions. Situated in a quiet neighborhood within walking distance to the Texas A&M campus, the lots offer an opportunity to build a residence in a location considered the premier address in Brazos County. The available lot is approximately 0.3329 acres. The property is zoned C06. It is located in the Southside area of College Station, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    College Station Airduct ... Air Duct Cleaning Service

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.329062
    Latitude
    30.608468

    Nearby Similar for Sale

    • $1,550,000

      College Station Duplex Investment Opportunity

      Multi-family investment with strong income and development potential.
      5585 Straub Rd, College Station, TX 77845
      View Details
    • New
      $910,000

      College Station Fourplex Investment Opportunity

      Two side-by-side fourplexes near Texas A&M, 100% occupied.
      1216 Holik Dr, College Station, TX 77840
      View Details
    • $455,000

      Renovated Duplex in College Station

      South College Station duplex with renovated floor plan and ample space.
      901 Crepe Myrtle St, College Station, TX 77845
      View Details
    • New
      $455,000

      College Station Fourplex Investment Opportunity

      Fourplex near Texas A&M, fully occupied with strong rental performance.
      1216 Holik Dr, College Station, TX 77840
      View Details
    • $1,100,000

      College Station Duplex: Investor Opportunity

      Duplex near TAMU, leased through 7/24/2026, great investment opportunity.
      11001/11005 Breedlove Rd, College Station, TX 77845
      View Details
    • $409,500

      Duplex Near Texas A&M

      Duplex near Texas A&M with modern interiors and private yards.
      3809-11 Oldenburg Ln, College Station, TX 77845
      View Details
    • $800,000

      Multifamily Investment Opportunity in College Station

      Four-unit multifamily property near Texas A&M, fully occupied through July 2026.
      4432/4434 Reveille Rd, College Station, TX 77845
      View Details
    • Contact for pricing
      200 SF

      Office Spaces Near Texas A&M

      Individual office spaces available near Texas A&M University.
      110 Lincoln Ave, College Station, TX 77840
      View Details
    • $269,000
      1,067 SF

      Remodeled Homeplex Near Texas A&M

      Fully furnished, remodeled homeplex near Texas A&M University.
      514 Corregidor Dr, College Station, TX 77840
      View Details
    • $1,995,000

      Modern Industrial Office Space

      Two-story office with modern design, 13 offices, conference room.
      1645 Greens Prairie Rd, College Station, TX 77845
      View Details
    • $1,710,000

      Townhomes Package Near Texas A&M

      Fully leased 5-unit townhome building near Texas A&M University.
      401 Goldilocks Ln, College Station, TX 77845
      View Details
    • $899,000

      Office Space in College Station

      Office space suitable for various commercial uses in College Station.
      110 Lincoln Ave, College Station, TX 77840
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Desirable residential lots near Texas A&M University campus.
    Where is this residential land & home lot located?
    The property is located at 309 Pershing Ave College Station, TX.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Premier address in Brazos County's most desirable subdivision.; - Walking distance to campus.; - Opportunity to combine with adjacent lot (305 Pershing) for a generous half acre.
    (979) 229-4005
    Request Owner's contact information
    309 Pershing Ave College Station, TX 77840
    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.
    309 Pershing Ave
    College Station, TX 77840
    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
    309 Pershing Ave College Station, TX 77840
    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

    We can help!
    Listing Contact
    David Shellenberger
    Real Estate License ID: 0581309
    (979) 229-4005
    Learn more
    Google sign-in failed. Please try again or use another login method.