Three-Building Mixed-Use
1551 Greens Prairie Rd W, College Station, TX 77845
For Sale
$8,000,000
Office and retail space across three buildings shares a common green space.
Property Size26,200 SF
Price / SF$305.34
Days on Market13
Property Features for 1551 Greens Prairie Rd W
General Information
Standard status
Size
Occupancy
Additional Details
Mixed-Use Components
Tenant in Place
Property Use
Amenities
shared common green space
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Vernie Bodden, Broker
Listed By:
Vernie Bodden
(979) 777-4641
Source:
Exprealty
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 7 at 4:27PM
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 Vernie Bodden, Broker
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Investment Insights
Based on property information with market context.
At 1551 Greens Prairie Rd W in College Station, this mixed-use property brings office and retail space together in three buildings totaling approximately 26,200 SF. A shared green space serves the development, which is fully leased.
Tenants include Knife River, Pumpco, Marfa Texas Kitchen, Uncorked, KCI, and Armstrong Properties.
Tenants include Knife River, Pumpco, Marfa Texas Kitchen, Uncorked, KCI, and Armstrong Properties.
Key Highlights
- Three buildings with approximately 26,200 SF of office and retail space
- Fully leased property
- Shared common green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,563
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,891,260
$6.9M
Cap Rate 7%
$4,922,329
$4.9M
Cap Rate 9%
$3,828,478
$3.8M
Market Conditions
NOI Build-Up for 26,200 SF
Gross rent
$550.2K $21.00/SF
− Vacancy
−$90.8K −$3.47/SF
EGI
$459.4K $17.54/SF
− OpEx
−$114.9K −$4.38/SF
NOI
$344.6K $13.15/SF
Area
College Station, 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 Rate 5%
$6,891,260
Cap Rate 7%
$4,922,329
Cap Rate 9%
$3,828,478
Alternative Uses
Best Use
Office B
$4.92M
$4.31M – $5.74M
NOI $344,563 @ 7.0% cap · market cap 4.31%
Second Best
Mixed Use
$4.09M
$3.58M – $4.77M
NOI $286,104 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$6.45M
$5.65M – $7.53M
NOI $451,604 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space across three buildings shares a common green space.
Where is this mixed-use property located?
The property is located at 1551 Greens Prairie Rd W College Station, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Three buildings with approximately 26,200 SF of office and retail space; Fully leased property; Shared common green space
