Highway-Front Gas
For Sale
$149,500
17377 State Highway 36 S, Somerville, TX 77879
COMMERCIAL - Somerville, TX
Property Size1,782 SF
Lot Size0.25 Acres
Price / SF$83.89
Days on Market95
Property Features for 17377 State Highway 36 S
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Burleson
Elementary school district
Somerville
Middle school district
Somerville
High school district
Somerville
Directions
From the intersection of SH 36 and FM 1361. Head north on SH 36 and property is on Rt next to Valero.
Standard status
Active
APN
17377 State Highway 36 603
Size
1,782 SF
Lot size
0.25 Acres
Building Details
Year built
1950
Listing Agency:
Gooch Flencher Real Estate
(713) 444-9836
Listed By:
Ryan Flencher
(979) 820-5810
Added: May 20
Changed: Aug 4
Last Checked: Aug 22 at 4:06PM
MLS# 26006148
Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,782-square-foot gas station property includes a small office and a three-bay garage equipped with roll-up doors. Built in 1950, the existing improvements occupy a 0.2479-acre site and can support a range of commercial or automotive applications, subject to applicable requirements. The property is offered in its current condition.
Frontage extends along State Highway 36 and Avenue A in Somerville, placing the site at the town’s only signalized four-way intersection. Its location on a traveled state highway provides direct roadway exposure and access from two streets. The property address is 17377 State Highway 36 S, Somerville, TX 77879.
Frontage extends along State Highway 36 and Avenue A in Somerville, placing the site at the town’s only signalized four-way intersection. Its location on a traveled state highway provides direct roadway exposure and access from two streets. The property address is 17377 State Highway 36 S, Somerville, TX 77879.
Key Highlights
- 1,782‑square‑foot former gas station property
- 0.2479‑acre site with frontage on State Highway 36 and Avenue A
- Small office plus a three‑bay garage with roll‑up doors
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
$12,024
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
8.04%
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%
$240,480
$240.5K
Cap Rate 7%
$171,771
$171.8K
Cap Rate 9%
$133,600
$133.6K
Market Conditions
NOI Build-Up for 1,782 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
$18.2K $10.20/SF
− Vacancy
−$1,000 −$0.56/SF
EGI
$17.2K $9.64/SF
− OpEx
−$5.2K −$2.89/SF
NOI
$12.0K $6.75/SF
Area
Burleson County, TX
Vacancy
5.50%
Lease Rate
$10.20 /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%
$240,480
Cap Rate 7%
$171,771
Cap Rate 9%
$133,600
Alternative Uses
Best Use
Specialty Retail
$321.3K
$281.2K – $374.9K
NOI $22,493 @ 7.0% cap · market cap 15.05%
Second Best
Retail
$275.4K
$241.0K – $321.3K
NOI $19,280 @ 7.0% cap · market cap 12.90%
Theoretical Best
Office A
$438.8K
$384.0K – $511.9K
NOI $30,716 @ 7.0% cap · market cap 20.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,858 visits/mo
0.5 miles
Sunoco
Shops & Services
1,417 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
1,323 visits/mo
0.2 miles
Valero Energy
Shops & Services
891 visits/mo
0.0 miles
Dollar General
Shops & Services
157 visits/mo
0.1 miles
Demographics for 77879, TX
4,994
Population
3,013
Households
1.7
Avg Household Size
49
Median Age
25%
College-Educated
84%
High-School Grad
192.4 sq mi
ZIP Area
26
Density / Sq Mi
$70,808
Median Household Income
$45,523
Median Earnings
$1,039
Median Rent
$142,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Existing office and garage provide functional commercial improvements for repositioning or continued automotive use.
Where is this gas station located?
The property is located at 17377 State Highway 36 S Somerville, TX.
What is the asking price?
The asking price for this property is $149,500.
What are key features of this property?
This property features: 1,782‑square‑foot former gas station property; 0.2479‑acre site with frontage on State Highway 36 and Avenue A; Small office plus a three‑bay garage with roll‑up doors
