Commercial Tract on FM
For Sale
Contact for pricing
14651 Fm 2154 Road, College Station, TX 77845
Commercial property suitable for retail and storage development.
Property Size15,660 SF
Price / SF$170.82
Days on Market324
Property Features for 14651 Fm 2154 Road
General Information
Standard status
Active
Size
15,660 SF
Property subtype
Retail, Industrial
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Brazos Valley Realty
(979) 690-7200
Listed By:
Alton Ofczarzak · License #04049061
Source:
Crexi
Added: Oct 10, 2025
Changed: Aug 21
Last Checked: Aug 28 at 7:09AM
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 Brazos Valley Realty
Investment Insights
Based on property information with market context.
This commercial tract, encompassing 15,660 square feet, offers a view of Highway 2154. The location is suitable for storefront development, retail purposes, and storage buildings. Inventory will be sold separately.
Key Highlights
- Great location for Store Front.
- Great view of Hwy 2154.
- Suitable for Retail.
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
$169,429
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
6.33%
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%
$3,388,580
$3.4M
Cap Rate 7%
$2,420,414
$2.4M
Cap Rate 9%
$1,882,544
$1.9M
Market Conditions
NOI Build-Up for 15,660 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
$263.1K $16.80/SF
− Vacancy
−$21.0K −$1.34/SF
EGI
$242.0K $15.46/SF
− OpEx
−$72.6K −$4.64/SF
NOI
$169.4K $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%
$3,388,580
Cap Rate 7%
$2,420,414
Cap Rate 9%
$1,882,544
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.82M
NOI $169,429 @ 7.0% cap · market cap 6.33%
Second Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,049 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$3.86M
$3.37M – $4.50M
NOI $269,928 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property suitable for retail and storage development.
Where is this storefront property located?
The property is located at 14651 Fm 2154 Road College Station, TX.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: Great location for Store Front.; Great view of Hwy 2154.; Suitable for Retail.
