114-Key Hotel Near Texas
New
For Sale
$3,100,000
104 Texas Ave S, College Station, TX 77840
Established hotel property near Texas A&M University, student housing, and major university-related demand generators.
Property Size49,614 SF
Lot Size2.09 Acres
Days on Market5
Property Features for 104 Texas Ave S
General Information
Standard status
Active
Size
49,614 SF
Lot size
2.09 Acres
Property subtype
Hospitality
Zoning
GC/CI
Building Details
Building Size
49,614 SF
Year Built
1984
Listed By:
John Wolfner · License #FL #SL3593006
(314) 479-1646
Source:
7s
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 22 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Wolfner
Investment Insights
Based on property information with market context.
The property is a 114-key hotel on 2.09 acres at 104 Texas Ave S in College Station, Texas. Built in 1984, the asset is positioned within 0.2 miles of Texas A&M University and is described as being within walking distance of the campus. Its existing hospitality configuration provides an established base for continued hotel operations or other supported commercial uses.
The surrounding context includes student housing and proximity to Texas A&M’s academic, athletic, and cultural facilities. Nearby demand generators identified for the property include Kyle Field, Mays Business School, and the George H.W. Bush Presidential Library & Museum. The site is zoned GC/CI, or General Commercial / Commercial Industrial, a designation that supports hospitality and alternative commercial uses.
The surrounding context includes student housing and proximity to Texas A&M’s academic, athletic, and cultural facilities. Nearby demand generators identified for the property include Kyle Field, Mays Business School, and the George H.W. Bush Presidential Library & Museum. The site is zoned GC/CI, or General Commercial / Commercial Industrial, a designation that supports hospitality and alternative commercial uses.
Key Highlights
- 114‑key hotel on 2.09 acres
- Located at 104 Texas Ave S in College Station, Texas
- Within 0.2 miles of Texas A&M University
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
$278,275
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
8.98%
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%
$5,565,500
$5.6M
Cap Rate 7%
$3,975,357
$4.0M
Cap Rate 9%
$3,091,944
$3.1M
Market Conditions
NOI Build-Up for 49,614 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
$714.4K $14.40/SF
− Vacancy
−$128.6K −$2.59/SF
EGI
$585.8K $11.81/SF
− OpEx
−$307.6K −$6.20/SF
NOI
$278.3K $5.61/SF
Area
College Station, TX
Vacancy
18.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
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%
$5,565,500
Cap Rate 7%
$3,975,357
Cap Rate 9%
$3,091,944
Alternative Uses
Best Use
Hotel Hospitality
$3.98M
$3.48M – $4.64M
NOI $278,275 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.22M
$10.69M – $14.25M
NOI $855,187 @ 7.0% cap · market cap 27.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Established hotel property near Texas A&M University, student housing, and major university-related demand generators.
Where is this hotel located?
The property is located at 104 Texas Ave S College Station, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 114‑key hotel on 2.09 acres; Located at 104 Texas Ave S in College Station, Texas; Within 0.2 miles of Texas A&M University
