Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Warehouse Space Available Title is generated by Realmo AI

    1502 S Texas Ave, Bryan, TX 77801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/warehouse space near Downtown Bryan, zoned C-3 Commercial District.

    Type:Retail
    Property size:
    4,824 SF
    Added:
    Jul 1, 2024
    Days on Market:
    694
    Last Refresh:
    May 12 at 9:21 pm

    Property Features for 1502 S Texas Ave

    General Information

    Standard status
    Active
    Size
    4,824 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1502 S Texas Ave Contact us

    $11/Mo

    Size
    4,824 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Blake Baumann
    Blake Baumann

    Listing agent Blake Baumann License #TX 767080

    Listing office Clark Isenhour Real Estate Services, LLC

    Listing date Jul 1, 2024

    Source Crexi

    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 Clark Isenhour Real Estate Services, LLC

    HighLights

    • 4824 SF of retail and warehouse space
    • Convenient location on Texas Ave
    • Minutes from Downtown Bryan
    • Zoned C‑3 Commercial District
    • Previously used as a furniture store
    • Retail and warehouse space

    Overview

    This property offers 4824 square feet of retail and warehouse space. The space was previously used as a furniture store. It is conveniently located on Texas Avenue, minutes from Downtown Bryan. The property is zoned C-3 Commercial District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bryan
    County
    Brazos
    State
    Texas
    Longitude
    -96.367578
    Latitude
    30.656171

    Nearby Similar for Lease

    • $6,250/Mo
      5,250 SF

      Bryan, TX Office/Warehouse Opportunity

      Versatile office/warehouse near Texas A&M, suitable for various commercial uses.
      3611 S College Avenue, Bryan, TX 77801
      View Details
    • $2,000/Mo
      924 SF

      Move-in Ready Commercial Space

      High-visibility commercial space near Downtown Bryan, move-in ready.
      405 W Wm J Bryan Parkway, Bryan, TX 77803
      View Details
    • $2,200/Mo
      1,100 SF

      New Retail/Office Suite Available

      Modern 1,100 SF commercial space in downtown Bryan, TX.
      608 N Bryan Avenue, Bryan, TX 77803
      View Details
    • $1,300/Mo
      3,636 SF

      Functional Office Suite For Rent

      Adaptable 700 SF office suite with multiple configurations.
      2601 S Texas Avenue, Bryan, TX 77802
      View Details
    • $2,440/Mo
      6,225 SF

      Downtown Bryan Office/Retail Space

      Renovated office/retail space in historic downtown Bryan building.
      105 N Main Street N, Bryan, TX 77803-3291
      View Details
    • $2,800/Mo
      2,164 SF

      Historic Downtown Office Space

      Office building in historic downtown Bryan, Texas available for rent.
      118 S Main Street, Bryan, TX 77803
      View Details
    • $1,295/Mo
      15,440 SF

      Downtown Bryan Remodeled Office Space

      Recently remodeled office space in Downtown Bryan with ample parking.
      307 S Main Street, Bryan, TX 77803-6948
      View Details
    • $17 SF/Yr
      1,664 SF

      Downtown Bryan Loft Office Space

      Unique loft office space in historic downtown Bryan.
      211 W Wm J Bryan Parkway, Bryan, TX 77803
      View Details
    • $3,800/Mo
      13,635 SF

      Renovated Retail/Office Space in Bryan

      Renovated office or retail building in Historic Downtown Bryan.
      311 N Tabor Avenue, Bryan, TX 77803
      View Details
    • $2,000/Mo
      2,000 SF

      Renovated Retail/Office Space in Bryan

      Historic downtown Bryan retail/office space with plentiful parking.
      309 N Tabor Street N Tabor Street N, Bryan, TX 77803
      View Details
    • Sponsored
      $129-$2,692/Mo
      11-1,292 SF

      Galleria Village

      1716 Briarcrest Dr, Unit 3RD, Bryan, TX 77802
      View Details
    • $450/Mo

      Private Office Space Available

      Private office space with shared amenities and ample parking.
      4344 Carter Creek, Bryan, TX 77802
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/warehouse space near Downtown Bryan, zoned C-3 Commercial District.
    Where is this retail space located?
    The property is located at 1502 S Texas Ave Bryan, TX.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 4824 SF of retail and warehouse space; Convenient location on Texas Ave; Minutes from Downtown Bryan
    (979) 268-6840 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Blake Baumann
    Blake Baumann
    Real Estate License ID: TX 767080
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1502 S Texas Ave, Bryan, TX 77801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!