Retail Shopping Center Built
For Sale
$3,500,000
3004 Holleman Drive South College, College Station, TX 77845
Holleman Crossing is a 2018 retail center with up to 6,000 SF available and 50% occupancy.
Property Size11,953 SF
Price / SF$292.81
Days on Market122
Property Features for 3004 Holleman Drive South College
General Information
Standard status
Active
Size
11,953 SF
Property subtype
Strip Center
Occupancy
50%
Building Details
Building Size
11,953 SF
Year Built
2018
Properties For Sale
at 3004 Holleman Drive South College Contact us- Size
- 2,000 SF
- Lease Type
- NNN
3004 Holeman Dr S - Suite 300
- Size
- 2,000 SF
- Lease Type
- NNN
3004 Holeman Dr S - Suite 400
- Size
- 2,000 SF
- Lease Type
- NNN
3004 Holeman Dr S - Suite 500
Listing Agency:
Stafford Barrett Commercial Brokerage
Listed By:
Barry Moore, CCIM
(979) 260-5000
Source:
Thebrokerlist
Added: May 7
Changed: Sep 2
Last Checked: Sep 4 at 2:06AM
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 Stafford Barrett Commercial Brokerage
Investment Insights
Based on property information with market context.
Holleman Crossing is a retail shopping center developed in 2018 and located adjacent to the Holleman Crossing Student Housing Development. The property totals approximately 11,953 SF and currently operates at about 50% occupancy, with up to approximately 6,000 SF available for lease. The available spaces are described as highly visible and designed for retail users seeking strong exposure.
The center is positioned in a student-heavy corridor in College Station, Texas, with strong traffic counts and retail-focused activity serving nearby residents and visitors. The property is described as minutes from Texas A&M University and Easterwood Airport, and the surrounding area includes student housing complexes and retail amenities such as Century Square.
The center is positioned in a student-heavy corridor in College Station, Texas, with strong traffic counts and retail-focused activity serving nearby residents and visitors. The property is described as minutes from Texas A&M University and Easterwood Airport, and the surrounding area includes student housing complexes and retail amenities such as Century Square.
Key Highlights
- Holleman Crossing retail center developed in 2018 in College Station, TX
- Total property size of approximately 11,953 SF with up to approximately 6,000 SF available for lease
- Currently 50% occupancy
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
$129,322
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
3.69%
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%
$2,586,440
$2.6M
Cap Rate 7%
$1,847,457
$1.8M
Cap Rate 9%
$1,436,911
$1.4M
Market Conditions
NOI Build-Up for 11,953 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
$200.8K $16.80/SF
− Vacancy
−$16.1K −$1.34/SF
EGI
$184.7K $15.46/SF
− OpEx
−$55.4K −$4.64/SF
NOI
$129.3K $10.82/SF
Area
College Station, TX
Vacancy
8.00%
Lease Rate
$16.80 /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%
$2,586,440
Cap Rate 7%
$1,847,457
Cap Rate 9%
$1,436,911
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,322 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,031 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Groceries 6%
Dining 3%
Exxon
Shops & Services
18,084 visits/mo
0.2 miles
Shell
Shops & Services
11,151 visits/mo
0.2 miles
Liquor Mart
Groceries
2,060 visits/mo
0.2 miles
SUBWAY
Dining
963 visits/mo
0.2 miles
Demographics for 77845, TX
70,108
Population
31,464
Households
2.2
Avg Household Size
30
Median Age
61%
College-Educated
96%
High-School Grad
142.5 sq mi
ZIP Area
492
Density / Sq Mi
$90,434
Median Household Income
$46,532
Median Earnings
$1,384
Median Rent
$349,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Holleman Crossing is a 2018 retail center with up to 6,000 SF available and 50% occupancy.
Where is this strip mall located?
The property is located at 3004 Holleman Drive South College College Station, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Holleman Crossing retail center developed in 2018 in College Station, TX; Total property size of approximately 11,953 SF with up to approximately 6,000 SF available for lease; Currently 50% occupancy
