C-3 Flex Space
For Sale
$699,900
2606 South Texas Ave, Bryan, TX 77802
Front showroom, food-preparation area, offices, and rear storage support a range of commercial configurations.
Property Size5,490 SF
Price / SF$127.49
Days on Market16
Property Features for 2606 South Texas Ave
General Information
Standard status
Active
Size
5,490 SF
Zoning
C-3
Additional Details
Road Access
Yes
Cold Storage
Yes
Building Details
Year Built
1983
Listing Agency:
RE/MAX 2020
(979) 383-2020
Listed By:
Chad Hovde · License #HOVDECHA122
Source:
Doorstephomegroup
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 30 at 12:08AM
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 RE/MAX 2020
Investment Insights
Based on property information with market context.
This 5,490-square-foot flex space building, constructed in 1983, combines customer-facing and operational areas within a single commercial property. The portion facing South Texas Avenue includes a glass-front showroom, dining or entertainment area, and adaptable open space. A central food-preparation area contains two overhead vent hoods, a walk-in freezer, a walk-in cooler, and permanently installed plumbing fixtures. Freestanding kitchen equipment is excluded from the conveyed improvements and may be purchased separately.
A secondary entrance leads to a lobby, two offices or flex rooms, a kitchenette, and a restroom. At the rear, the Maloney Avenue side provides a commercial roll-up door and pedestrian access to warehouse and storage space. The building is zoned C-3, and the layout can support multiple occupancy areas and a broad range of commercial business uses.
A secondary entrance leads to a lobby, two offices or flex rooms, a kitchenette, and a restroom. At the rear, the Maloney Avenue side provides a commercial roll-up door and pedestrian access to warehouse and storage space. The building is zoned C-3, and the layout can support multiple occupancy areas and a broad range of commercial business uses.
Key Highlights
- 5,490‑square‑foot flex space building on a 0.126‑acre parcel
- C‑3 zoning with a broad range of listed commercial business uses
- Glass‑front showroom, dining or entertainment area, and flexible open 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
$49,781
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
7.11%
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%
$995,620
$995.6K
Cap Rate 7%
$711,157
$711.2K
Cap Rate 9%
$553,122
$553.1K
Market Conditions
NOI Build-Up for 5,490 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
$82.4K $15.00/SF
− Vacancy
−$5.8K −$1.05/SF
EGI
$76.6K $13.95/SF
− OpEx
−$26.8K −$4.88/SF
NOI
$49.8K $9.07/SF
Area
Brazos County, 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%
$995,620
Cap Rate 7%
$711,157
Cap Rate 9%
$553,122
Alternative Uses
Best Use
Specialty Retail
$990.0K
$866.2K – $1.15M
NOI $69,298 @ 7.0% cap · market cap 9.90%
Second Best
Flex RnD
$711.2K
$622.3K – $829.7K
NOI $49,781 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,630 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Front showroom, food-preparation area, offices, and rear storage support a range of commercial configurations.
Where is this flex space located?
The property is located at 2606 South Texas Ave Bryan, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 5,490‑square‑foot flex space building on a 0.126‑acre parcel; C‑3 zoning with a broad range of listed commercial business uses; Glass‑front showroom, dining or entertainment area, and flexible open space
