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 Market88
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
Listed By:
Jonathan Poe · License #0708083
(979) 676-2067
Source:
Doorstephomegroup
Added: Jul 20
Changed: Sep 5
Last Checked: Sep 29 at 2:58PM
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 / Yr
$46,582
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
