Six-Townhome Apartment
For Sale
$2,279,400
4039-4059 Gunner Trail, College Station, TX 77845
MULTI_FAMILY - College Station, TX
Property Size9,680 SF
Lot Size0.46 Acres
Price / SF$235.48
Days on Market175
Property Features for 4039-4059 Gunner Trail
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
C10
Parking
36
Patio and Porch features
Patio
Exterior features
Covered Patio, Sprinkler System
Subdivision
The Barracks
Elementary school district
College Station
Middle school district
College Station
High school district
College Station
Directions
From Wellborn Rd, head west on Deacon Dr W. Turn right on Gunner trail and the building will be on the right.
Standard status
Active
APN
4039-4059 Gunner C10
Size
9,680 SF
Lot size
0.46 Acres
Utilities
Heating system
Central, Electric (Heating)
Amenities
private fenced backyard
gig speed fiber internet
lawn care
sheet wave surf machine
lazy river
private cabanas
Building Details
Year built
2026
Number of units
6
Flooring type
Vinyl, Tile, Carpet
Roof type
Shingle
Listing Agency:
Boxwood Real Estate
(979) 217-1162
Listed By:
Drew Jeffress · License #0715970
(979) 217-1162
Added: Feb 19
Changed: Aug 3
Last Checked: Aug 13 at 9:06AM
MLS# 26002113
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 under-construction apartment building consists of a full set of six townhomes. The unit mix includes two 3-bedroom, 3-bathroom homes and four 4-bedroom, 4-bathroom homes. The project is listed as a new development phase with interiors and finishes that include stained gray cabinets, quartz countertops, luxury vinyl plank flooring, tile, carpet, and stainless-steel appliances. Additional improvements referenced include tiled shower surrounds and private fenced backyards. Covered patio space and a sprinkler system are included, along with shingle roofing and central electric heating.
The property is located at 4039-4059 Gunner Trail in College Station, Texas, and is zoned C10. The lot is 0.4614 acres, and the property size is 9,680 square feet.
Completion is described as timed for the fall semester, with on-site property management referenced. HOA-provided services are listed as Gig Speed Fiber Internet and lawn care, along with access to amenities at the Cove at BearX.
The property is located at 4039-4059 Gunner Trail in College Station, Texas, and is zoned C10. The lot is 0.4614 acres, and the property size is 9,680 square feet.
Completion is described as timed for the fall semester, with on-site property management referenced. HOA-provided services are listed as Gig Speed Fiber Internet and lawn care, along with access to amenities at the Cove at BearX.
Key Highlights
- Six‑townhome apartment building with two 3‑bedroom/3‑bath units and four 4‑bedroom/4‑bath units
- Under construction with Year built listed as 2026
- Zoned C10
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
$92,861
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
4.07%
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%
$1,857,220
$1.9M
Cap Rate 7%
$1,326,586
$1.3M
Cap Rate 9%
$1,031,789
$1.0M
Market Conditions
NOI Build-Up for 9,680 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
$177.7K $18.36/SF
− Vacancy
−$8.9K −$0.92/SF
EGI
$168.8K $17.44/SF
− OpEx
−$76.0K −$7.85/SF
NOI
$92.9K $9.59/SF
Area
College Station, 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 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%
$1,857,220
Cap Rate 7%
$1,326,586
Cap Rate 9%
$1,031,789
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,861 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,852 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
49
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Under-construction six-townhome building zoned C10, scheduled for completion in 2026 with covered patio and sprinkler system.
Where is this apartment building located?
The property is located at 4039-4059 Gunner Trail College Station, TX.
What is the asking price?
The asking price for this property is $2,279,400.
What are key features of this property?
This property features: Six‑townhome apartment building with two 3‑bedroom/3‑bath units and four 4‑bedroom/4‑bath units; Under construction with Year built listed as 2026; Zoned C10
