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

    1120 Midtown Dr College Station, TX 77845

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.05 AC pad site available for sale.

    Type:Land
    Lot size:
    2.05 Acres
    Added:
    Jul 14, 2022
    Days on Market:
    1379
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 1120 Midtown Dr

    General Information

    Standard status
    Active
    Lot size
    2.05 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeremy Richmond, CCIM

    Listing agent Jeremy Richmond, CCIM License #TX 0563020

    Listing office Oldham Goodwin Group Bryan / College Station

    Listing date Jul 14, 2022

    Source Crexi

    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

    Overview

    2.05 AC Pad Site

    A 2.05-acre pad site is available for sale. The property is categorized as commercial land and commercial real estate.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.3027
    Latitude
    30.4821

    Nearby Similar for Sale

    • $2,190,000
      8,668 SF

      Restaurant and Bar Ready Property

      Turnkey restaurant and bar with additional retail/office suites.
      3006 BARRON ROAD, College Station, TX 77845
      View Details
    • $525,000
      4,288 SF

      College Station Fourplex Investment Opportunity

      Fully leased fourplex near Texas A&M with strong income potential.
      17292-17298 Cedar Rock Ct, College Station, TX 77845
      View Details
    • $1,995,000
      5,362 SF

      Modern Industrial Office Space

      Two-story office with modern design, 13 private offices.
      1645 Greens Prairie Road W unit: 404, College Station, TX 77845
      View Details
    • $910,000
      3,508 SF

      College Station Fourplex Investment Opportunity

      Two side-by-side fourplexes near Texas A&M University.
      1216 & 1218 Holik Drive, College Station, TX 77840
      View Details
    • $699,000

      Unrestricted Land Near College Station

      4.403-acre tract near College Station with endless possibilities.
      11048 FAVOR RD, College Station, TX 77845
      View Details
    • $455,000
      3,960 SF

      College Station Fourplex Investment Opportunity

      Fourplex near Texas A&M with strong rental performance.
      1216 Holik Drive, College Station, TX 77840
      View Details
    • $324,500
      1,985 SF

      Well-Maintained Duplex Investment Opportunity

      Duplex with strong rental history and excellent location in College Station.
      213-215 Yale Circle, College Station, TX 77840
      View Details
    • $569,000

      Prime Commercial Lot Available

      Commercial lot in Cityview development, suitable for various businesses.
      3022 Barron Road, College Station, TX 77845
      View Details
    • $569,000

      Commercial Lot in Cityview Development

      Prime commercial lot in College Station's Cityview development.
      3024 Barron Road, College Station, TX 77845
      View Details
    • $345,790

      Prime Homesite in Bertram Grove

      Large homesite ready for custom vision in College Station, TX.
      4131 Wild Creek Court, College Station, TX 77845
      View Details
    • $369,000
      2,320 SF

      Updated Duplex Near Texas A&M

      Two-unit property near Texas A&M with updated features.
      401 Park Road unit: A-B, College Station, TX 77840
      View Details
    • $7,500,000

      High-Fenced Ranch Retreat Opportunity

      185-acre ranch near Texas A&M, suitable for various ventures.
      20650 Fm 2154, College Station, TX 77845
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.05 AC pad site available for sale.
    Where is this commercial land located?
    The property is located at 1120 Midtown Dr College Station, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 2.05 AC Pad Site
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Richmond, CCIM
    Real Estate License ID: TX 0563020
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!