Freestanding Office
For Sale
$770,000
3330 Longmire Dr, College Station, TX 77845
Private offices and meeting rooms support professional-service operations.
Property Size3,590 SF
Price / SF$214.48
Days on Market35
Property Features for 3330 Longmire Dr
General Information
Standard status
Active
Size
3,590 SF
Building Details
Buildings
1
Listing Agency:
Clark Isenhour RealEstate Svcs
(979) 268-6840
Listed By:
Samuel Solcher
Source:
Doorstephomegroup
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 28 at 8:11PM
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 Clark Isenhour RealEstate Svcs
Investment Insights
Based on property information with market context.
This 3,590-square-foot office property is arranged for professional services, with two executive offices, additional private workspaces, and enclosed rooms for meetings or consultations. An upstairs storage area provides dedicated space for archives and paperwork while keeping the primary work areas organized. The existing configuration serves a law firm and can be adapted for medical or other professional-service use requiring private offices alongside meeting space.
The building is freestanding at 3330 Longmire Dr in College Station, providing a dedicated site without shared walls or common areas. It is part of the Longmire Place Owners Association, which maintains the landscaping and parking lot.
The building is freestanding at 3330 Longmire Dr in College Station, providing a dedicated site without shared walls or common areas. It is part of the Longmire Place Owners Association, which maintains the landscaping and parking lot.
Key Highlights
- 3,590‑square‑foot office building at 3330 Longmire Dr, College Station
- Freestanding building with no shared walls or common areas
- Two executive offices plus additional private offices
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
$47,213
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
6.13%
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%
$944,260
$944.3K
Cap Rate 7%
$674,471
$674.5K
Cap Rate 9%
$524,589
$524.6K
Market Conditions
NOI Build-Up for 3,590 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
$75.4K $21.00/SF
− Vacancy
−$12.4K −$3.47/SF
EGI
$63.0K $17.54/SF
− OpEx
−$15.7K −$4.38/SF
NOI
$47.2K $13.15/SF
Area
College Station, 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%
$944,260
Cap Rate 7%
$674,471
Cap Rate 9%
$524,589
Alternative Uses
Best Use
Office B
$674.5K
$590.2K – $786.9K
NOI $47,213 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.0K
$773.5K – $1.03M
NOI $61,880 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Private offices and meeting rooms support professional-service operations.
Where is this office building located?
The property is located at 3330 Longmire Dr College Station, TX.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 3,590‑square‑foot office building at 3330 Longmire Dr, College Station; Freestanding building with no shared walls or common areas; Two executive offices plus additional private offices
