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

    First St Brenham, TX 77833

    Sponsored
    For Sale
    $1,500,000

    Pearl

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    356
    and Lone Star. The property features a historic brick

    Property Features for First St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    14,810 SF

    We can help!

    Listing Contact
    James Jones

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brenham
    County
    Washington
    State
    Texas
    Longitude
    -96.39795
    Latitude
    30.16487

    Nearby Similar for Sale

    • New
      $885,000

      Prime Downtown Brenham Commercial Property

      Exceptional opportunity in historic downtown Brenham with redevelopment potential.
      307 East Alamo St, Brenham, TX 77833
      View Details
    • $1,100,000
      4,074 SF

      Brenham Ranch with Acreage

      Spacious 4-bedroom home on 10 acres near Brenham.
      2644 Linda Ln, Brenham, TX 77833
      View Details
    • $275,000
      0.13 Acres

      Container Home Duplex Near Downtown

      Duplex near downtown Brenham, operating as a short-term rental.
      1501 Clay St, Brenham, TX 77833
      View Details
    • $899,000

      Remodeled Commercial Building in Brenham

      Remodeled 2,805 SF commercial building in downtown Brenham.
      301 S Market St, Brenham, TX 77833
      View Details
    • $699,000
      3,793 SF

      Brenham Farmhouse with Guest Quarters

      Spacious home on 2.9+ acres with pool and workshop.
      8660 Cedar Hill Rd, Brenham, TX 77833
      View Details
    • $995,000
      Pending

      Clear Skies Ranchette: Rural Charm

      Picturesque ranchette with two homes, barn, pond, and more.
      3520 Bluebonnet Blvd, Brenham, TX 77833
      View Details
    • $1,995,000
      4,524 SF

      Brenham Farm with Custom Home

      Custom home, pool, barn, and acreage near Brenham, Texas.
      4701 Cedar Hill Rd, Brenham, TX 77833
      View Details
    • $970,000
      1,440 SF

      Remodeled Ranch Near Lake Somerville

      Move-in ready ranch featuring a remodeled home and insulated barn.
      2700 Quarry Rd, Brenham, TX 77833
      View Details
    • $1,450,000
      1,225 SF

      Historic Texas Land with Home

      31.5 acres with home, creek, and historical significance.
      7009 Sandy Hill Rd, Brenham, TX 77833
      View Details
    • $3,795,000
      Pending

      Legacy Hilltop Ranch in Brenham

      Rare 199.56-acre ranch with rolling hills and mature hardwoods near Brenham.
      3109 Highway 105, Brenham, TX 77833
      View Details
    • $795,000
      Pending

      Restored Farmhouse on Rolling Hills

      Lovingly restored farmhouse on 5 acres in Washington County.
      6020 Valley View Ln, Brenham, TX 77833
      View Details
    • Contact for pricing

      Updated Office Space in Brenham

      Updated commercial space in historic Brenham with storefront parking.
      117 West Commerce St, Brenham, TX 77833
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Pearl
    Where is this commercial real estate located?
    The property is located at First St Brenham, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (979) 431-4400
    Request Owner's contact information
    First St Brenham, TX 77833
    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.
    First St
    Brenham, TX 77833
    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
    First St Brenham, TX 77833
    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
    James Jones
    (979) 431-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.