Duplex with Wood Privacy
New
For Sale
$465,000
1112-1114 Gridiron Drive, College Station, TX 77840
The 2002-built property includes central air, laundry appliances and on-site parking.
Property Size2,808 SF
Days on Market4
Property Features for 1112-1114 Gridiron Drive
General Information
Standard status
Active
Size
2,808 SF
Total Parking Spaces
6
Property subtype
Residential Income
Amenities
Maintenance Grounds
Central Air, Ceiling Fan(s), Electric
Central, Electric
Dishwasher, Electric Range, Microwave, Refrigerator, Dryer, Electric Water Heater, Washer
Privacy, Wood
On Site
Building Details
Building Size
2,808 SF
Year Built
2002
Listing Agency:
Oldham Goodwin Group Bryan / College Station
Listed By:
Clinton Oldham · License #TX555666
(409) 781-7734
Source:
Evrealestate
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:57PM
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 Oldham Goodwin Group Bryan / College Station
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex was built in 2002 and has central air conditioning, ceiling fans and electric appliances. The kitchen includes a dishwasher, range, microwave and refrigerator; a washer, dryer and electric water heater are also present. Wood privacy fencing and on-site parking are listed among the exterior features.
The property is identified at the corner of Holleman Drive and Jones Butler Drive in College Station.
The property is identified at the corner of Holleman Drive and Jones Butler Drive in College Station.
Key Highlights
- Duplex property built in 2002
- Wood privacy fencing
- Central air conditioning and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,187
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,740
$603.7K
Cap Rate 7%
$431,243
$431.2K
Cap Rate 9%
$335,411
$335.4K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$45.5K $16.20/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$43.1K $15.36/SF
− OpEx
−$12.9K −$4.61/SF
NOI
$30.2K $10.75/SF
Area
College Station, TX
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,740
Cap Rate 7%
$431,243
Cap Rate 9%
$335,411
Alternative Uses
Best Use
Multifamily LT 5
$431.2K
$377.3K – $503.1K
NOI $30,187 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$384.8K
$336.7K – $449.0K
NOI $26,937 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$691.4K
$605.0K – $806.7K
NOI $48,401 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
243
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 2002-built property includes central air, laundry appliances and on-site parking.
Where is this duplex located?
The property is located at 1112-1114 Gridiron Drive College Station, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex property built in 2002; Wood privacy fencing; Central air conditioning and ceiling fans
