Residential Income Property with Central
For Sale
$250,000
Pending
304 Mesa Drive, Bryan, TX 77802
Built in 2003 with central electric interior features and wood and paved exterior elements.
Property Size2,016 SF
Days on Market100
Property Features for 304 Mesa Drive
General Information
Standard status
Pending
Size
2,016 SF
Total Parking Spaces
4
Property subtype
Residential Income
Amenities
Central, Electric
Wood
Paved
Building Details
Building Size
2,016 SF
Year Built
2003
Stories
1
Listing Agency:
Weichert Realtor - BCS
Listed By:
Warren Green · License #0515914
(979) 574-1722
Source:
Evrealestate
Added: Jul 17
Changed: Oct 21
Last Checked: Oct 23 at 7:14AM
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 Weichert Realtor - BCS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property at 304 Mesa Drive in Bryan, Texas, was built in 2003. Interior features include central electric systems, while the exterior incorporates wood and paved elements.
The property is located in Brazos County and is accessed from William J Bryan via Mesa Drive.
The property is located in Brazos County and is accessed from William J Bryan via Mesa Drive.
Key Highlights
- Residential income property in Bryan, Texas
- Built in 2003
- Central electric interior features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,340
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,800
$386.8K
Cap Rate 7%
$276,286
$276.3K
Cap Rate 9%
$214,889
$214.9K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$37.0K $18.36/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$35.2K $17.44/SF
− OpEx
−$15.8K −$7.85/SF
NOI
$19.3K $9.59/SF
Area
Brazos County, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,800
Cap Rate 7%
$276,286
Cap Rate 9%
$214,889
Alternative Uses
Best Use
Apartment 5plus
$276.3K
$241.8K – $322.3K
NOI $19,340 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2003 with central electric interior features and wood and paved exterior elements.
Where is this residential income property located?
The property is located at 304 Mesa Drive Bryan, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Residential income property in Bryan, Texas; Built in 2003; Central electric interior features
