Industrial Warehouse With Office
For Sale
$5,500,000
1707 Graham Road, College Station, TX 77845
Industrial property combines office, shop, storage buildings, and a fenced yard with access to two roads.
Property Size26,000 SF
Lot Size11.35 Acres
Price / SF$363.04
Days on Market49
Property Features for 1707 Graham Road
General Information
Standard status
Active
Size
26,000 SF
Lot size
11.35 Acres
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Office Build-Out
6,300 SF
Drive-In Doors
8
Building Details
Building Size
26,000 SF
Year Built
1984
Buildings
3
Stories
2
Tenancy
Single
Listing Agency:
Clark Isenhour RealEstate Svcs
Listed By:
Joshua Isenhour
(979) 220-1317
Source:
Evrealestate
Added: Jul 30
Changed: Sep 15
Last Checked: Sep 15 at 4:39AM
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 RealEstate Svcs
Investment Insights
Based on property information with market context.
This industrial property at 1707 Graham Road includes approximately 11.35 acres and an approximately 15,150-square-foot office/shop complex. The two-story office component measures 6,300 square feet, while the 8,850-square-foot free-span shop features eight overhead doors and 20-foot eave height. Two additional outbuildings provide approximately 14,000 square feet of storage within a fenced yard.
The property has access to Graham Road and Birmingham Road, with access to Hwy 6. It is currently occupied by L&W Supply, which is scheduled to move to a larger location in Q4 2026. The tract is included on the land use plan for Medical Zoning, supporting consideration of its existing industrial improvements and future redevelopment planning.
The property has access to Graham Road and Birmingham Road, with access to Hwy 6. It is currently occupied by L&W Supply, which is scheduled to move to a larger location in Q4 2026. The tract is included on the land use plan for Medical Zoning, supporting consideration of its existing industrial improvements and future redevelopment planning.
Key Highlights
- Approximately 11.35 acres with access to Hwy 6
- Approximately 15,150 SF office/shop complex
- 6,300 SF two‑story office space
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
$199,241
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
3.62%
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%
$3,984,820
$4.0M
Cap Rate 7%
$2,846,300
$2.8M
Cap Rate 9%
$2,213,789
$2.2M
Market Conditions
NOI Build-Up for 15,150 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
$318.2K $21.00/SF
− Vacancy
−$52.5K −$3.47/SF
EGI
$265.7K $17.54/SF
− OpEx
−$66.4K −$4.38/SF
NOI
$199.2K $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 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%
$3,984,820
Cap Rate 7%
$2,846,300
Cap Rate 9%
$2,213,789
Alternative Uses
Best Use
Office B
$2.85M
$2.49M – $3.32M
NOI $199,241 @ 7.0% cap · market cap 3.62%
Second Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,334 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,138 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
8
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,069
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property combines office, shop, storage buildings, and a fenced yard with access to two roads.
Where is this warehouse located?
The property is located at 1707 Graham Road College Station, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 11.35 acres with access to Hwy 6; Approximately 15,150 SF office/shop complex; 6,300 SF two‑story office space
