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

    5585 Straub Rd, Unit 101-116 College Station, TX 77845

    Sponsored
    For Sale
    $1,550,000

    MULTI_FAMILY - College Station, TX

    Property size:
    783 SF
    Lot size:
    6.19 Acres
    Days on Market:
    115
    Last Refresh:
    Feb 27 at 5:06 am

    Property Features for 5585 Straub Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    112
    APN
    5585 Straub 112
    Parking features
    Paved or Surfaced
    Patio and Porch features
    Deck
    Exterior features
    Covered Deck
    Size
    783 SF
    Lot size
    6.19 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s), Central Air

    Building Details

    Year built
    2012
    Floors in Building
    1
    Number of units
    12
    Flooring type
    Laminate
    Roof type
    Composition

    We can help!

    Listing Contact
    Kathy Scott
    Kathy Scott

    Texas Prime RE/Blue Ribbon PM (979) 695-3300

    Listing agent Kathy Scott (979) 777-9067

    Listing date Nov 5, 2025

    MLS# 25006051 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

    College Station Multifamily Investment Opportunity

    This multifamily investment opportunity is located in College Station, TX, within the College Station ISD. The property, situated on over 6 acres, features six duplexes, totaling 12 units. Originally constructed in 2012 as former Army barracks, the units have been remodeled into residential floorplans. Each unit has a two-bedroom, one-bath cottage-style layout. Located off Wellborn Road, each duplex includes a full-size washer and dryer. The property has a 95% occupancy rate and generates nearly $11,900 in monthly rental income. Extensive maintenance and upgrades have been completed on nearly half of the units, including improvements to air conditioning systems and water heaters. The property operates on a septic system. The expansive 6.192-acre lot offers potential for future development or expansion. The property is zoned 112. The property size is 783 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Spa & Massage Center Hotel & Motel Gym & Fitness Center Department Store Skin Care Clinic Storage Facility Garden Center Discount Store Furniture & Home Goods Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.299379
    Latitude
    30.502442

    Nearby Similar for Sale

    • $14,500,000

      College Station Hotel Near Texas A&M

      166-key hotel near Texas A&M University on 2.3 acres.
      1508 Texas Ave S, College Station, TX 77840
      View Details
    • $349,900

      Leased Townhome Near Texas A&M

      Immaculate 3-bed, 3.5-bath townhome leased until July 2026.
      514 Hayes Ln, College Station, TX 77845
      View Details
    • $339,000

      Spacious Townhouse Near Texas A&M

      4-bedroom, 4-bath townhouse with resort-style amenities and convenient location.
      3340 Lieutenant Ave, College Station, TX 77845
      View Details
    • $340,000

      Upscale Townhouse Near Texas A&M

      Four-bedroom, four-and-a-half-bath townhouse in gated community near Texas A&M.
      1198 Jones Bulter Rd, College Station, TX 77840
      View Details
    • $680,000

      Income-Producing Townhome Units Near TAMU

      Two townhome units near Texas A&M, ideal for investors.
      1198 Jones Butler Rd, College Station, TX 77840
      View Details
    • Contact for pricing

      Renovated Apartments with Value-Add Upside

      Recently renovated apartments with potential for further upgrades and increased revenue.
      1300/1350 Harvey Mitchell Pkwy South, College Station, TX 77840
      View Details
    • Contact for pricing

      Falcon Point Condos Near University

      Condos near Texas A&M University with over 79,000 students.
      1915 Dartmouth St, College Station, TX 77840
      View Details
    • Contact for pricing

      Cedar Creek Apartments For Sale

      Apartment complex with loan assumption and value-add potential.
      1000 University Dr East, College Station, TX 77840
      View Details
    • $353,300

      Barracks Unit Near Texas A&M

      Four-bedroom, 4.5-bathroom unit with garage and parking near campus.
      3187 Cain Rd, College Station, TX 77845
      View Details
    • $379,000

      Fully Occupied Fourplex Near Texas A&M

      Fourplex near Texas A&M bus route, fully occupied.
      1808 Potomac Pl, College Station, TX 77840
      View Details
    • $3,999,900

      265 Acres with River Frontage

      265-acre property featuring river frontage, diverse terrain, and ranching infrastructure.
      4503 Sulphur Springs Rd, College Station, TX 77845
      View Details
    • $159,900

      Sutters Mill Townhome Investment

      2-bedroom townhome with long-term tenant near Texas A&M.
      1501 Stallings Dr, College Station, TX 77840
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with strong income and development potential.
    Where is this apartment building located?
    The property is located at 5585 Straub Rd, Unit 101-116 College Station, TX.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - High Income Potential: Consistent rental income of nearly $11,900 per month with a 95% occupancy rate.; - Large Lot with Development Potential: Situated on over 6 acres, offering possibilities for future expansion or development.; - College Station ISD: Located within the highly desirable College Station Independent School District.
    (979) 777-9067
    Request Owner's contact information
    5585 Straub Rd, Unit 101-116 College Station, TX 77845
    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.
    5585 Straub Rd, Unit 101-116
    College Station, TX 77845
    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
    5585 Straub Rd, Unit 101-116 College Station, TX 77845
    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
    Kathy Scott
    Kathy Scott
    Real Estate License ID: 0589435
    (979) 777-9067 (979) 695-3300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!