Flex Space with Fenced
New
For Sale
$1,575,000
24468 Highway 6, College Station, TX 77845
Commercial, College Station, TX
Property Size8,000 SF
Lot Size1.12 Acres
Price / SF$196.88
Days on Market2
Property Features for 24468 Highway 6
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
110
Directions
Hwy 6 headed South. Exit Paradise Way. Property on the Right.
Standard status
Active
APN
24468 Highway 6 110
Size
8,000 SF
Lot size
1.12 Acres
Amenities
Fiber Internet
Building Details
Year built
2022
Listing Agency:
LKG Realty Advisors
(979) 255-1950
Listed By:
Peter Kramer · License #0564398
(979) 595-6716
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 26011890
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.
Built in 2022, this flex property includes two 4,000-square-foot office/warehouse buildings on 1.116 acres. One building is divided into two 2,000-square-foot leased spaces; the second is vacant and contains approximately 700 square feet of office area and a restroom. Both buildings have 14-foot roll-up doors, and the site is served by three-phase power and fiber internet.
The property has Highway 6 frontage, fenced yards, concrete drives, and substantial concrete parking beside the vacant building. Zoning is listed as 110.
The property has Highway 6 frontage, fenced yards, concrete drives, and substantial concrete parking beside the vacant building. Zoning is listed as 110.
Key Highlights
- Two 4,000‑square‑foot buildings totaling 8,000 square feet
- One building contains two leased 2,000‑square‑foot spaces; the other is vacant
- Vacant building includes approximately 700 square feet of office space and a restroom
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
$72,540
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
4.61%
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%
$1,450,800
$1.5M
Cap Rate 7%
$1,036,286
$1.0M
Cap Rate 9%
$806,000
$806.0K
Market Conditions
NOI Build-Up for 8,000 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
$120.0K $15.00/SF
− Vacancy
−$8.4K −$1.05/SF
EGI
$111.6K $13.95/SF
− OpEx
−$39.1K −$4.88/SF
NOI
$72.5K $9.07/SF
Area
College Station, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,450,800
Cap Rate 7%
$1,036,286
Cap Rate 9%
$806,000
Alternative Uses
Best Use
Flex RnD
$1.04M
$906.8K – $1.21M
NOI $72,540 @ 7.0% cap · market cap 4.61%
Second Best
Warehouse
$832.3K
$728.3K – $971.0K
NOI $58,262 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,894 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex property combines occupied suites with a vacant office/warehouse and secured outdoor space.
Where is this flex space located?
The property is located at 24468 Highway 6 College Station, TX.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two 4,000‑square‑foot buildings totaling 8,000 square feet; One building contains two leased 2,000‑square‑foot spaces; the other is vacant; Vacant building includes approximately 700 square feet of office space and a restroom
