New Townhome Apartment
For Sale
$2,279,400
4039-4059 Gunner Trail, College Station, TX 77845
Multi-Family, College Station, TX
Property Size9,680 SF
Lot Size0.46 Acres
Price / SF$235.48
Days on Market203
Property Features for 4039-4059 Gunner Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
C10
Parking
36
Patio and Porch features
Patio
Exterior features
Covered Patio, Sprinkler System
Subdivision
The Barracks
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
From Wellborn Rd, head west on Deacon Dr W. Turn right on Gunner trail and the building will be on the right.
Standard status
Active
APN
4039-4059 Gunner C10
Size
9,680 SF
Lot size
0.46 Acres
Utilities
Heating system
Central, Electric (Heating)
Amenities
Gig Speed Fiber Internet
lawn care
sheet wave surf machine
lazy river
private cabanas
Building Details
Year built
2026
Number of units
6
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Listing Agency:
Boxwood Real Estate
(979) 217-1162
Listed By:
Drew Jeffress · License #0715970
(979) 324-8432
Added: Feb 19
Changed: Sep 5
Last Checked: Sep 10 at 7:06PM
MLS# 26002113
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 under-construction apartment property comprises a 9,680-square-foot building with six townhome units. The configuration includes two 3-bedroom, 3-bathroom residences and four 4-bedroom, 4-bathroom residences. Interior specifications include gray stained cabinetry, quartz countertops, luxury vinyl plank flooring, stainless-steel appliances, and tiled shower surrounds. Each home also includes a private fenced backyard, with covered patio and sprinkler system features. The property is scheduled for completion in 2026 and is currently described as fully leased.
Located at 4039-4059 Gunner Trail in College Station, the property occupies 0.4614 acres and carries C10 zoning. On-site management is provided, while HOA services include Gig Speed Fiber Internet, lawn care, and access to the Cove at BearX, featuring a sheet wave surf machine, lazy river, and private cabanas.
Located at 4039-4059 Gunner Trail in College Station, the property occupies 0.4614 acres and carries C10 zoning. On-site management is provided, while HOA services include Gig Speed Fiber Internet, lawn care, and access to the Cove at BearX, featuring a sheet wave surf machine, lazy river, and private cabanas.
Key Highlights
- Six townhome units: two 3‑bedroom, 3‑bathroom units and four 4‑bedroom, 4‑bathroom units
- 9,680‑square‑foot apartment building on 0.4614 acres
- Under construction with 2026 year built
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
$92,861
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
4.07%
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%
$1,857,220
$1.9M
Cap Rate 7%
$1,326,586
$1.3M
Cap Rate 9%
$1,031,789
$1.0M
Market Conditions
NOI Build-Up for 9,680 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
$177.7K $18.36/SF
− Vacancy
−$8.9K −$0.92/SF
EGI
$168.8K $17.44/SF
− OpEx
−$76.0K −$7.85/SF
NOI
$92.9K $9.59/SF
Area
College Station, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,857,220
Cap Rate 7%
$1,326,586
Cap Rate 9%
$1,031,789
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,861 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,852 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six attached townhome units feature modern finishes, private fenced yards, and access to community amenities.
Where is this apartment building located?
The property is located at 4039-4059 Gunner Trail College Station, TX.
What is the asking price?
The asking price for this property is $2,279,400.
What are key features of this property?
This property features: Six townhome units: two 3‑bedroom, 3‑bathroom units and four 4‑bedroom, 4‑bathroom units; 9,680‑square‑foot apartment building on 0.4614 acres; Under construction with 2026 year built
