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    New Townhome Package Investment Opportunity Title is generated by Realmo AI

    4038 4042 4046 Gunner Trail, College Station, TX 77845

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    Claim this Listing
    For Sale
    $1,304,700

    MULTI_FAMILY - College Station, TX

    Property size:
    6,273 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $207/SF
    Added:
    Apr 23, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 6 at 12:06 pm

    Property Features for 4038 4042 4046 Gunner Trail

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    C10
    Patio and Porch features
    Patio
    Exterior features
    Covered Patio, Patio, Sprinkler System
    Fencing
    Privacy
    Standard status
    Active
    APN
    4038, 4042, 4046 Gunner C10
    Size
    6,273 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Electric, Central Air

    Building Details

    Year built
    2026
    Number of units
    3
    Flooring type
    Vinyl, Carpet, Tile
    Roof type
    Shingle

    We can help!

    Listing Contact
    Drew Jeffress

    Listing agent Drew Jeffress License #0715970

    Listing office Boxwood Real Estate 4100 Rocky Blair Court, College Station, TX

    Listing date Apr 23, 2026

    MLS# 26004983 Listing URL

    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.

    HighLights

    • Package of 3 under‑construction townhomes in The Barracks, built in 2026 and described as fully leased at $10,140/month total
    • Each townhome is 4‑bedroom, 4.5‑bath with a 2‑car garage
    • Newer interior features listed: stained gray cabinets, quartz countertops, luxury vinyl plank flooring, and stainless‑steel appliances
    • Included exterior features: private fenced backyard, patio/covered patio, and a sprinkler system
    • Heating and cooling: central air with ceiling fans and electric/central heating
    • HOA details provided: Gig Speed Fiber Internet and lawn care, plus access to the Cove at BearX

    Overview

    This is a package of three townhomes, each featuring four bedrooms and four and a half bathrooms, along with a two-car garage. The properties are fully leased for a total of $10,140 per month. The townhomes feature newly designed interiors with stained gray cabinets, quartz countertops, luxury vinyl plank flooring, and stainless-steel appliances. Additional upgrades include tiled shower surrounds and a private fenced backyard. These homes are suited for students and investors. On-site property management is available. The Homeowners Association provides gig speed fiber internet, lawn care, and access to the Cove at BearX, which includes a sheet wave surf machine, lazy river, and private cabanas. The property is located in College Station, Texas. The lot size is 0.2662 acres, and the property size is 6273 square feet. The zoning is C10.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $101.6k $16.20
    − Vacancy −$5.3k −$0.84
    EGI $96.3k $15.36
    − OpEx −$28.9k −$4.61
    NOI $67.4k $10.75
    6,273 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $963.4K
    $843.0K – $1.12M (±1% cap)
    NOI $67,437 @ 7.0% cap · market cap 5.17%
    Second Best
    Apartment 5plus
    $859.7K
    $752.2K – $1.00M (±1% cap)
    NOI $60,178 @ 7.0% cap · market cap 4.61%
    Theoretical Best
    Office A
    $1.54M
    $1.35M – $1.80M (±1% cap)
    NOI $108,126 @ 7.0% cap · market cap 8.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.325545
    Latitude
    30.571089

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    FAQs

    What type of property is this?
    Triplex - Fully leased townhomes near campus with modern amenities.
    Where is this triplex located?
    The property is located at 4038 4042 4046 Gunner Trail College Station, TX.
    What is the asking price?
    The asking price for this property is $1,304,700.
    What are key features of this property?
    This property features: Package of 3 under‑construction townhomes in The Barracks, built in 2026 and described as fully leased at $10,140/month total; Each townhome is 4‑bedroom, 4.5‑bath with a 2‑car garage; Newer interior features listed: stained gray cabinets, quartz countertops, luxury vinyl plank flooring, and stainless‑steel appliances
    (979) 217-1162
    We can help!
    Listing Contact
    Drew Jeffress
    Real Estate License ID: 0715970
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    4038, 4042, 4046 Gunner Trail, College Station, TX 77845
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