Office/Warehouse Building with Bay
For Sale
$750,000
3611 S College Avenue, Bryan, TX 77801
COMMERCIAL - Bryan, TX
Property Size5,250 SF
Lot Size0.50 Acres
Price / SF$142.86
Days on Market181
Property Features for 3611 S College Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B01
Parking
17
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
From Hwy 6 exit Briarcrest Dr., continue straight onto E. Villa Maria, turn Left onto S. College Ave., property on the left.
Standard status
Active
APN
3611 College B01
Size
5,250 SF
Lot size
0.50 Acres
Building Details
Year built
1997
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Texas Prime Real Estate
(979) 695-3300
Listed By:
Cara Miller · License #0711626
(281) 799-3873
Added: Feb 12
Changed: Aug 4
Last Checked: Aug 12 at 10:06PM
MLS# 26001825
Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office/warehouse building offers a mixed-use layout with a welcoming reception area, a private manager’s office, and three restrooms. The warehouse portion includes three bay doors designed for convenient loading and unloading, supported by ample storage space for day-to-day operations. The property sits on a 21,780 SF lot and totals 5,250 SF of building area. It was previously operated as a dry cleaner, and all machinery has been removed, providing a clean slate for an owner-occupant or redevelopment.
Located in Bryan, the property is described as being less than one mile from Texas A&M University and positioned along South College Avenue with high visibility. The site is directly across from Chicken Oil Co. and J Cody’s BBQ and is noted as being close to Century Square, Topgolf, PopStroke, and other surrounding restaurants and major amenities.
Zoned B01 / Midtown Corridor District, the building is positioned for flexibility across a range of commercial uses. With on-site office space and functional warehouse access via three bay doors, it may fit businesses seeking a single location to support both customer-facing or administrative needs and light distribution or storage. The combination of existing improvements, removed prior equipment, and corridor visibility supports a practical approach for both owner-users and investors.
Located in Bryan, the property is described as being less than one mile from Texas A&M University and positioned along South College Avenue with high visibility. The site is directly across from Chicken Oil Co. and J Cody’s BBQ and is noted as being close to Century Square, Topgolf, PopStroke, and other surrounding restaurants and major amenities.
Zoned B01 / Midtown Corridor District, the building is positioned for flexibility across a range of commercial uses. With on-site office space and functional warehouse access via three bay doors, it may fit businesses seeking a single location to support both customer-facing or administrative needs and light distribution or storage. The combination of existing improvements, removed prior equipment, and corridor visibility supports a practical approach for both owner-users and investors.
Key Highlights
- Prime location less than one mile from Texas A&M University on highly visible South College Avenue.
- Versatile 5,250 SF office/warehouse building on a 21,780 SF lot.
- Zoned Midtown Corridor District, allowing for a wide range of commercial uses.
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
$47,604
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
6.35%
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%
$952,080
$952.1K
Cap Rate 7%
$680,057
$680.1K
Cap Rate 9%
$528,933
$528.9K
Market Conditions
NOI Build-Up for 5,250 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
$78.8K $15.00/SF
− Vacancy
−$5.5K −$1.05/SF
EGI
$73.2K $13.95/SF
− OpEx
−$25.6K −$4.88/SF
NOI
$47.6K $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%
$952,080
Cap Rate 7%
$680,057
Cap Rate 9%
$528,933
Alternative Uses
Best Use
Office B
$986.3K
$863.1K – $1.15M
NOI $69,044 @ 7.0% cap · market cap 9.21%
Second Best
Flex RnD
$680.1K
$595.1K – $793.4K
NOI $47,604 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,493 @ 7.0% cap · market cap 12.07%
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
794
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
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.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office/warehouse with reception, private office, three restrooms, and three bay doors.
Where is this flex space located?
The property is located at 3611 S College Avenue Bryan, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location less than one mile from Texas A&M University on highly visible South College Avenue.; Versatile 5,250 SF office/warehouse building on a 21,780 SF lot.; Zoned Midtown Corridor District, allowing for a wide range of commercial uses.
