Brick Flex Space with
For Sale
$739,000
2131 West Briargate Dr, Bryan, TX 77802
Brick construction combines administrative rooms with an insulated warehouse and dedicated service access.
Property Size3,600 SF
Price / SF$205.28
Days on Market40
Property Features for 2131 West Briargate Dr
General Information
Standard status
Active
Size
3,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
10 ft
Warehouse Space
1,800 SF
Building Details
Year Built
2012
Buildings
1
Construction
brick
Listing Agency:
Riverstone Companies, LLC
(979) 220-4486
Listed By:
James Jones · License #0545598
Source:
Doorstephomegroup
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 12:39PM
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 Riverstone Companies, LLC
Investment Insights
Based on property information with market context.
This brick flex-space property combines office and warehouse functions in a practical commercial layout. The office portion includes a reception lobby, four private offices, two restrooms, and one shower. An insulated 1,800 SF warehouse provides dedicated operational area, with an electric roll-up door offering approximately 10 feet of clear height.
Located at 2131 West Briargate Dr in Bryan, the property sits within an established business corridor with access to William J. Bryan and Highway 6. On-site parking accommodates employees and visitors, while nearby retail, dining, and daily services add convenience for regular occupants and guests. Built in 2012, the facility offers a combination of office infrastructure and enclosed warehouse capacity.
Located at 2131 West Briargate Dr in Bryan, the property sits within an established business corridor with access to William J. Bryan and Highway 6. On-site parking accommodates employees and visitors, while nearby retail, dining, and daily services add convenience for regular occupants and guests. Built in 2012, the facility offers a combination of office infrastructure and enclosed warehouse capacity.
Key Highlights
- 1,800 SF insulated warehouse
- Electric roll‑up door with ±10’ clear height
- Office layout includes 4 offices, 2 restrooms, and 1 shower
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
$47,345
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
6.41%
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%
$946,900
$946.9K
Cap Rate 7%
$676,357
$676.4K
Cap Rate 9%
$526,056
$526.1K
Market Conditions
NOI Build-Up for 3,600 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
$75.6K $21.00/SF
− Vacancy
−$12.5K −$3.47/SF
EGI
$63.1K $17.54/SF
− OpEx
−$15.8K −$4.38/SF
NOI
$47.3K $13.15/SF
Area
Brazos County, 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%
$946,900
Cap Rate 7%
$676,357
Cap Rate 9%
$526,056
Alternative Uses
Best Use
Office B
$676.4K
$591.8K – $789.1K
NOI $47,345 @ 7.0% cap · market cap 6.41%
Second Best
Flex RnD
$466.3K
$408.0K – $544.1K
NOI $32,643 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77802, TX
25,502
Population
12,189
Households
2.1
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,218
Density / Sq Mi
$68,132
Median Household Income
$43,920
Median Earnings
$1,272
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Brick construction combines administrative rooms with an insulated warehouse and dedicated service access.
Where is this flex space located?
The property is located at 2131 West Briargate Dr Bryan, TX.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 1,800 SF insulated warehouse; Electric roll‑up door with ±10’ clear height; Office layout includes 4 offices, 2 restrooms, and 1 shower
