College Station Hotel Near Texas
For Sale
$14,500,000
1508 Texas Ave S, College Station, TX 77840
166-key hotel near Texas A&M University on 2.3 acres.
Property Size81,733 SF
Lot Size2.30 Acres
Price / SF$177.41
Days on Market204
Property Features for 1508 Texas Ave S
General Information
Standard status
Active
Size
81,733 SF
Lot size
2.30 Acres
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Shadia Jaraysi · License #367536
Source:
Bullrealty
Added: Jan 27
Changed: Jul 6
Last Checked: May 11 at 5:58AM
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 Bull Realty
Investment Insights
Based on property information with market context.
This offering is for the acquisition of a 166-key voco® by IHG, a five-story, approximately 81,733-square-foot hospitality asset situated on an approximately 2.3-acre site. The hotel features dedicated meeting space, a 24-hour fitness center, and an outdoor swimming pool, along with on-site social venues including Revelry Bistro & Bar. The property has undergone a comprehensive brand-mandated transformation and conversion, delivered in full compliance with IHG-approved standards, featuring modernized guestrooms and upgrades to primary building systems. The property is positioned along Texas Avenue South (Business Highway 6), within the high-growth Texas Triangle, approximately one mile from Texas A&M University. Texas A&M is the nation’s largest university with over 81,000 students. The property has visibility and access to the $670M Highway 6 expansion corridor and retail nodes. The hotel includes a full-service restaurant, bar and lounge, and an on-site marketplace. It is less than 2 miles from Texas A&M University and approximately 15 minutes from Easterwood Airport. The property has frontage on State Highway 6 with visibility to approximately 43,000 vehicles per day and direct connectivity to Houston, Dallas–Fort Worth, and Austin. It is close to major employers, medical facilities, and established retail demand drivers.
Key Highlights
- Immediate stabilized operations as a voco® by IHG hotel.
- Prime location near Texas A&M University, providing a strong demand base.
- Positioned along Texas Avenue South, offering unrivaled visibility.
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
$458,424
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%
$9,168,480
$9.2M
Cap Rate 7%
$6,548,914
$6.5M
Cap Rate 9%
$5,093,600
$5.1M
Market Conditions
NOI Build-Up for 81,733 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
$1.18M $14.40/SF
− Vacancy
−$211.9K −$2.59/SF
EGI
$965.1K $11.81/SF
− OpEx
−$506.7K −$6.20/SF
NOI
$458.4K $5.61/SF
Area
College Station, TX
Vacancy
18.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
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%
$9,168,480
Cap Rate 7%
$6,548,914
Cap Rate 9%
$5,093,600
Alternative Uses
Best Use
Hotel Hospitality
$6.55M
$5.73M – $7.64M
NOI $458,424 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.13M
$17.61M – $23.48M
NOI $1,408,815 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
869
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - 166-key hotel near Texas A&M University on 2.3 acres.
Where is this hotel located?
The property is located at 1508 Texas Ave S College Station, TX.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Immediate stabilized operations as a voco® by IHG hotel.; Prime location near Texas A&M University, providing a strong demand base.; Positioned along Texas Avenue South, offering unrivaled visibility.
