Four-Unit Quadplex with New
For Sale
$315,000
2400 Jaguar Dr, Bryan, TX 77807
Three units are leased, while the vacant unit offers immediate occupancy flexibility.
Property Size1,748 SF
Price / SF$180.21
Days on Market31
Property Features for 2400 Jaguar Dr
General Information
Standard status
Active
Size
1,748 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jahbari McLennan
Source:
Doorstephomegroup
Added: Aug 2
Changed: Aug 31
Last Checked: Aug 30 at 8:37PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1980, this 1,748-square-foot quadplex contains four residential units. Three units are occupied, including Unit A under lease through November 2026, Unit B under renewal through April 2027, and Unit D with a HUD/Section 8 tenancy. Unit C is vacant and move-in ready. A new AC unit is among the recent capital improvements.
Electric service is separately metered and paid by tenants. Water is supplied through one owner-paid meter and divided evenly among the four units, creating a defined utility arrangement. The property is located minutes from Texas A&M University and Blinn College in Bryan, Texas.
Electric service is separately metered and paid by tenants. Water is supplied through one owner-paid meter and divided evenly among the four units, creating a defined utility arrangement. The property is located minutes from Texas A&M University and Blinn College in Bryan, Texas.
Key Highlights
- Four‑unit quadplex totaling 1,748 SF
- Three of four units occupied
- Unit A leased through Nov 2026
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
$18,792
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
5.97%
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%
$375,840
$375.8K
Cap Rate 7%
$268,457
$268.5K
Cap Rate 9%
$208,800
$208.8K
Market Conditions
NOI Build-Up for 1,748 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
$28.3K $16.20/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$26.8K $15.36/SF
− OpEx
−$8.1K −$4.61/SF
NOI
$18.8K $10.75/SF
Area
Brazos County, TX
Vacancy
5.20%
Lease Rate
$16.20 /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%
$375,840
Cap Rate 7%
$268,457
Cap Rate 9%
$208,800
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$239.6K
$209.6K – $279.5K
NOI $16,769 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$430.4K
$376.6K – $502.2K
NOI $30,130 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 77807, TX
13,140
Population
6,007
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
82%
High-School Grad
98.3 sq mi
ZIP Area
134
Density / Sq Mi
$72,605
Median Household Income
$43,772
Median Earnings
$1,227
Median Rent
$251,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three units are leased, while the vacant unit offers immediate occupancy flexibility.
Where is this quadplex located?
The property is located at 2400 Jaguar Dr Bryan, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 1,748 SF; Three of four units occupied; Unit A leased through Nov 2026
