Modern Office
For Sale
$2,500,000
1103 Rock Prairie Rd Unit 2001, College Station, TX 77845
Office property with contemporary finishes, on-site parking, and proximity to medical, retail, dining, and hospital uses.
Property Size6,000 SF
Price / SF$416.67
Days on Market37
Property Features for 1103 Rock Prairie Rd Unit 2001
General Information
Standard status
Active
Size
6,000 SF
Building Details
Year Built
2016
Buildings
1
Listing Agency:
SRA Strategic Realty Advisors
(979) 431-5566
Listed By:
Robert Young · License #0517625
Source:
Doorstephomegroup
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 7:32PM
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 SRA Strategic Realty Advisors
Investment Insights
Based on property information with market context.
This 6,000-square-foot office building was completed in 2016 and features a modern design with contemporary interior finishes. The property includes on-site parking and is configured as an office asset within College Station’s Medical District.
Located at 1103 Rock Prairie Rd Unit 2001, the building benefits from access to surrounding medical offices, retail businesses, restaurants, and hospitals. Its setting places multiple complementary commercial and healthcare uses in the immediate area, supporting a practical environment for office operations.
Located at 1103 Rock Prairie Rd Unit 2001, the building benefits from access to surrounding medical offices, retail businesses, restaurants, and hospitals. Its setting places multiple complementary commercial and healthcare uses in the immediate area, supporting a practical environment for office operations.
Key Highlights
- 6,000‑square‑foot office building completed in 2016
- Located in College Station’s Medical District
- Contemporary design and modern interior finishes
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
$78,908
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
3.16%
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%
$1,578,160
$1.6M
Cap Rate 7%
$1,127,257
$1.1M
Cap Rate 9%
$876,756
$876.8K
Market Conditions
NOI Build-Up for 6,000 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
$126.0K $21.00/SF
− Vacancy
−$20.8K −$3.47/SF
EGI
$105.2K $17.54/SF
− OpEx
−$26.3K −$4.38/SF
NOI
$78.9K $13.15/SF
Area
College Station, TX
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,578,160
Cap Rate 7%
$1,127,257
Cap Rate 9%
$876,756
Alternative Uses
Best Use
Office B
$1.13M
$986.4K – $1.32M
NOI $78,908 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with contemporary finishes, on-site parking, and proximity to medical, retail, dining, and hospital uses.
Where is this office building located?
The property is located at 1103 Rock Prairie Rd Unit 2001 College Station, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6,000‑square‑foot office building completed in 2016; Located in College Station’s Medical District; Contemporary design and modern interior finishes
