Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3301 Providence Ave Bryan, TX 77803

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multifamily property with recent capital improvements for sale.

    We can help!

    Listing Contact
    Brad Shaffer
    Source: Nmrk

    Listing Agent: Brad Shaffer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retreat at 2818 Multifamily Property

    The Retreat at 2818 is available for sale. The current ownership has invested approximately $2,472,312 in capital improvements since acquiring the property in 2020. Major improvements include new roofs in 2022, new stairs and landings in 2024, new electrical panels in 2024, boiler replacements, and sewer line replacements.
    Location Intelligence

    Current Use by Public Records

    Retreat at 2818 Apartment Complex

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Daycare Center Auto Repair Shop Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Bryan
    County
    Brazos
    State
    Texas
    Longitude
    -96.3975796
    Latitude
    30.6544474

    Nearby Similar for Sale

    • $6,000,000
      485.66 Acres

      Expansive Ranch with River Frontage

      485.66-acre ranch featuring Navasota River frontage near Bryan, TX.
      17497-495 Wilson Pasture Rd, Bryan, TX 77808
      View Details
    • $675,000

      Triplex/Fourplex Package in Bryan, TX

      Investment opportunity: package of triplexes and fourplexes in Bryan, TX.
      2808 Cypress Bend Cir, Bryan, TX 77801
      View Details
    • $4,399,000
      314.01 Acres

      East Brazos County Ranch Land

      314+ acre ranch in East Brazos County near Wickson Valley.
      FM-974 Tabor Rd, Bryan, TX 77808
      View Details
    • $699,900

      Prime Commercial Building on Texas Avenue

      C-3 Zoned building with frontage on Texas Avenue.
      2606 South Texas Ave, Bryan, TX 77802
      View Details
    • Contact for pricing

      Bryan, TX Warehouse with Office

      Warehouse with office space and yard storage, built in 2020.
      3813 Endeavor Loop, Bryan, TX 77808
      View Details
    • $1,500,000

      Downtown Bryan Renovated Retail Building

      Historical building in Downtown Bryan, renovated in 2020.
      205 South Main St, Bryan, TX 77803
      View Details
    • $337,500

      Bryan, TX Fourplex Investment

      Fourplex with rental potential near park, schools, and parkway.
      2808 Cypress Bend Cir, Bryan, TX 77801
      View Details
    • $337,500

      Bryan, TX Fourplex Investment

      Fourplex with rental potential near park, schools, and parkway.
      2815 Cypress Bend Cir, Bryan, TX 77801
      View Details
    • $2,000,000
      3.80 Acres

      Bryan, TX Triplex/Fourplex Package

      Investment opportunity: package of triplex and fourplex properties in Bryan.
      5900 Leonard Rd, Bryan, TX 77807
      View Details
    • $780,000
      3,058 SF

      New Construction Home on Acreage

      New construction home on 1 acre in Reliance Ridge Subdivision.
      7844 Mathis Creek Dr, Bryan, TX 77808
      View Details
    • $5,100,000

      Condo Package in Bryan, Texas

      Multi-family property with 40 two-bedroom and 8 one-bedroom units.
      2000 Kazmeier Plz, Bryan, TX 77802
      View Details
    • Contact for pricing

      Spacious Multifamily Property in Bryan

      Large multifamily property with ample space and convenient location.
      1805 Briar Oaks Dr, Bryan, TX 77802
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property with recent capital improvements for sale.
    Where is this apartment building located?
    The property is located at 3301 Providence Ave Bryan, TX.
    What are key features of this property?
    This property features: - Significant capital improvements totaling approximately $2,472,312 since 2020.; - New roofs installed in 2022.; - New stairs and landings installed in 2024.
    (713) 337-5806
    Request Owner's contact information
    3301 Providence Ave Bryan, TX 77803
    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.
    3301 Providence Ave
    Bryan, TX 77803
    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
    3301 Providence Ave Bryan, TX 77803
    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

    We can help!
    Listing Contact
    Brad Shaffer
    (713) 337-5806
    Learn more
    Google sign-in failed. Please try again or use another login method.