New Three-Bedroom
For Sale
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4039 GUNNER TR, College Station, TX 77845
Leased through July 2027 with quartz counters, stainless-steel appliances, and a private fenced backyard.
Property Size1,250 SF
Price / SF$271.92
Days on Market58
Property Features for 4039 GUNNER TR
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$2,775
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Amenities
Gig Speed Fiber Internet
lawn care
private fenced backyard
sheet wave surf machine
lazy river
private cabanas
Building Details
Year Built
2026
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Marvel Real Estate
Listed By:
Luke Marvel · License #TX 613106
Source:
Crexi
Added: Jul 29
Changed: Sep 13
Last Checked: Sep 22 at 3:10PM
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 Marvel Real Estate
Investment Insights
Based on property information with market context.
This 2026-built townhome offers 1,250 square feet with three bedrooms and three bathrooms. Interior finishes include stained gray cabinetry, quartz countertops, luxury vinyl plank flooring, stainless-steel appliances, and tiled shower surrounds. A privately fenced backyard adds outdoor space, while on-site property management supports day-to-day operations.
The home is located in The Barracks Townhomes’ Barracks West phase in College Station, Texas. The HOA 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 leased through July 2027.
The home is located in The Barracks Townhomes’ Barracks West phase in College Station, Texas. The HOA 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 leased through July 2027.
Key Highlights
- 3‑bedroom, 3‑bathroom townhome
- 1,250 square feet; built in 2026
- Lease in place through July 2027
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
$11,991
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
3.53%
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%
$239,820
$239.8K
Cap Rate 7%
$171,300
$171.3K
Cap Rate 9%
$133,233
$133.2K
Market Conditions
NOI Build-Up for 1,250 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
$23.0K $18.36/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$21.8K $17.44/SF
− OpEx
−$9.8K −$7.85/SF
NOI
$12.0K $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%
$239,820
Cap Rate 7%
$171,300
Cap Rate 9%
$133,233
Alternative Uses
Best Use
Apartment 5plus
$171.3K
$149.9K – $199.9K
NOI $11,991 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Leased through July 2027 with quartz counters, stainless-steel appliances, and a private fenced backyard.
Where is this multifamily property located?
The property is located at 4039 GUNNER TR College Station, TX.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3‑bedroom, 3‑bathroom townhome; 1,250 square feet; built in 2026; Lease in place through July 2027
