Medical Office
For Sale
$515,000
2701 East 29th St E, Bryan, TX 77802
Near hospitals and clinics with potential for medical or general office use.
Property Size3,542 SF
Price / SF$145.40
Days on Market43
Property Features for 2701 East 29th St E
General Information
Standard status
Active
Size
3,542 SF
Building Details
Year Built
1981
Listing Agency:
Sherlock - REALTORS
(979) 676-2067
Listed By:
Jonathan Poe · License #0708083
Source:
Doorstephomegroup
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 8:26PM
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 Sherlock - REALTORS
Investment Insights
Based on property information with market context.
This medical office property was constructed in 1981 and is positioned for use as a medical facility or general office space. The property is located within Bryan’s medical corridor, with a hospital and clinics a short distance away. Its setting and stated use profile make it relevant for medical or office occupancy.
Key Highlights
- Medical office property in Bryan’s medical corridor
- Short distance to a hospital and clinics
- Suitable for medical facility or office use
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
$46,582
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
9.05%
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%
$931,640
$931.6K
Cap Rate 7%
$665,457
$665.5K
Cap Rate 9%
$517,578
$517.6K
Market Conditions
NOI Build-Up for 3,542 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
$74.4K $21.00/SF
− Vacancy
−$12.3K −$3.47/SF
EGI
$62.1K $17.54/SF
− OpEx
−$15.5K −$4.38/SF
NOI
$46.6K $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%
$931,640
Cap Rate 7%
$665,457
Cap Rate 9%
$517,578
Alternative Uses
Best Use
Office B
$665.5K
$582.3K – $776.4K
NOI $46,582 @ 7.0% cap · market cap 9.05%
Second Best
Healthcare Medical
$590.2K
$516.4K – $688.6K
NOI $41,314 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$872.2K
$763.2K – $1.02M
NOI $61,053 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bump Melissa DVM — 824 E Villa Maria Rd, Bryan, TX 77802
- Lara M Renee DVM — 824 E Villa Maria Rd, Bryan, TX 77802
- El Cerrito Animal Clinic — 1730 barak ln, bryan, tx 77802
- EZ Technologies — 1612 Hollow Hill Dr, Bryan, TX 77802
Frequently Asked Questions
What type of property is this?
Medical Office Space - Near hospitals and clinics with potential for medical or general office use.
Where is this medical office space located?
The property is located at 2701 East 29th St E Bryan, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Medical office property in Bryan’s medical corridor; Short distance to a hospital and clinics; Suitable for medical facility or office use
