Single-Story Office
For Sale
$650,000
1803 Greenfield, Bryan, TX 77802
Private offices, conference space, and staff amenities create a functional workplace layout.
Property Size3,224 SF
Lot Size0.61 Acres
Price / SF$201.61
Days on Market42
Property Features for 1803 Greenfield
General Information
Standard status
Active
Size
3,224 SF
Total Parking Spaces
24
Lot size
0.61 Acres
Building Details
Year Built
1974
Buildings
1
Stories
1
Building Size
3,224 SF
Construction
brick
Listing Agency:
Oldham Goodwin Group, LLC
(979) 268-2000
Listed By:
Jeremy Richmond · License #0563020
Source:
Doorstephomegroup
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 12:32AM
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, LLC
Investment Insights
Based on property information with market context.
This 3,224-square-foot office property provides a practical single-level configuration within a brick building constructed in 1974. The interior includes nine private offices, a conference room, a sizable reception area, a breakroom, and two restrooms, supporting a range of professional workspace arrangements.
Located at 1803 Greenfield in Bryan, the building occupies 0.61 acres within the Greenfield Plaza business district. On-site parking accommodates 24 vehicles, adding convenience for employees, visitors, and daily office operations.
Located at 1803 Greenfield in Bryan, the building occupies 0.61 acres within the Greenfield Plaza business district. On-site parking accommodates 24 vehicles, adding convenience for employees, visitors, and daily office operations.
Key Highlights
- 3,224 SF single‑story office building
- Nine private offices plus conference room
- Large reception area, breakroom, and two restrooms
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
$42,400
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
6.52%
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%
$848,000
$848.0K
Cap Rate 7%
$605,714
$605.7K
Cap Rate 9%
$471,111
$471.1K
Market Conditions
NOI Build-Up for 3,224 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
$67.7K $21.00/SF
− Vacancy
−$11.2K −$3.47/SF
EGI
$56.5K $17.54/SF
− OpEx
−$14.1K −$4.38/SF
NOI
$42.4K $13.15/SF
Area
Brazos County, TX
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$848,000
Cap Rate 7%
$605,714
Cap Rate 9%
$471,111
Alternative Uses
Best Use
Office B
$605.7K
$530.0K – $706.7K
NOI $42,400 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.9K
$694.6K – $926.2K
NOI $55,571 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 77802, TX
25,502
Population
12,189
Households
2.1
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,218
Density / Sq Mi
$68,132
Median Household Income
$43,920
Median Earnings
$1,272
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Private offices, conference space, and staff amenities create a functional workplace layout.
Where is this office building located?
The property is located at 1803 Greenfield Bryan, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,224 SF single‑story office building; Nine private offices plus conference room; Large reception area, breakroom, and two restrooms
