Flex Space With Warehouse
For Sale
$725,000
3611 S College Avenue, Bryan, TX 77801
Commercial, Bryan, TX
Property Size5,250 SF
Lot Size0.50 Acres
Price / SF$138.10
Days on Market227
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 26
Last Checked: Sep 27 at 1:06AM
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 flex property combines 5,250 square feet of office and warehouse space on a 21,780-square-foot lot. The interior includes a reception area, private manager’s office, three restrooms, concrete flooring, and warehouse space with three bay doors for loading and unloading. The metal-roofed building was constructed in 1997, and machinery from its prior dry-cleaning operation has been removed.
The property is located on South College Avenue in Bryan, less than one mile from Texas A&M University. It sits across from Chicken Oil Co. and J Cody’s BBQ, with Century Square, Topgolf, PopStroke, restaurants, and other amenities nearby. The site’s office-and-warehouse layout supports continued commercial occupancy or redevelopment.
The property is located on South College Avenue in Bryan, less than one mile from Texas A&M University. It sits across from Chicken Oil Co. and J Cody’s BBQ, with Century Square, Topgolf, PopStroke, restaurants, and other amenities nearby. The site’s office-and-warehouse layout supports continued commercial occupancy or redevelopment.
Key Highlights
- 5,250 SF building on a 21,780 SF lot
- Three warehouse bay doors for loading and unloading
- Reception area, private manager’s office, and three restrooms
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
6.57%
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 9.52%
Second Best
Flex RnD
$680.1K
$595.1K – $793.4K
NOI $47,604 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,493 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
614
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with reception, a private manager’s office, restrooms, and loading access.
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 $725,000.
What are key features of this property?
This property features: 5,250 SF building on a 21,780 SF lot; Three warehouse bay doors for loading and unloading; Reception area, private manager’s office, and three restrooms
