Warehouse with Office Near
For Sale
$450,000
1401 Konecny St, Bryan, TX 77803
Warehouse with office space and loading dock near downtown Bryan.
Property Size5,720 SF
Lot Size0.50 Acres
Price / SF$78.67
Days on Market1517
Property Features for 1401 Konecny St
General Information
Standard status
Active
Size
5,720 SF
Lot size
0.50 Acres
Listing Agency:
Armstrong Properties
(979) 229-7592
Listed By:
Ross Kavanaugh
(979) 229-7592
Source:
Exprealty
Added: Jun 29, 2022
Changed: Aug 21
Last Checked: Aug 23 at 5:53AM
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 Armstrong Properties
Investment Insights
Based on property information with market context.
A 5000 square foot warehouse is available near Historic Downtown Bryan. The property is situated on a +/- 0.5 acre lot and includes a separate 720 square foot office space equipped with a full kitchen and bathroom. The office building contains two separate offices. The warehouse features a loading dock, two roll-up doors, and a drive-through door. Additionally, the shop area includes a small office and restroom. The property offers convenient access to State Highway 21 and William Joel Bryan Parkway.
Key Highlights
- 5000 Sq. Ft. Warehouse Space available.
- Separate 720 Sq. Ft. Office Space featuring a Kitchen and Bathroom.
- Benefit from a Loading Dock and Multiple Roll‑Up Doors.
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
$38,595
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
8.58%
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%
$771,900
$771.9K
Cap Rate 7%
$551,357
$551.4K
Cap Rate 9%
$428,833
$428.8K
Market Conditions
NOI Build-Up for 5,720 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
$58.3K $10.20/SF
− Vacancy
−$3.2K −$0.56/SF
EGI
$55.1K $9.64/SF
− OpEx
−$16.5K −$2.89/SF
NOI
$38.6K $6.75/SF
Area
Brazos County, TX
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$771,900
Cap Rate 7%
$551,357
Cap Rate 9%
$428,833
Alternative Uses
Best Use
Office B
$1.07M
$940.3K – $1.25M
NOI $75,225 @ 7.0% cap · market cap 16.72%
Second Best
Flex RnD
$740.9K
$648.3K – $864.4K
NOI $51,866 @ 7.0% cap · market cap 11.53%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,594 @ 7.0% cap · market cap 21.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
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?
Warehouse - Warehouse with office space and loading dock near downtown Bryan.
Where is this warehouse located?
The property is located at 1401 Konecny St Bryan, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5000 Sq. Ft. Warehouse Space available.; Separate 720 Sq. Ft. Office Space featuring a Kitchen and Bathroom.; Benefit from a Loading Dock and Multiple Roll‑Up Doors.
