Historic Short-Term Rental
For Sale
$949,000
4400 Old College Rd, Bryan, TX 77801
Current lodging use includes guest accommodations, substantial storage, and a secluded patio for outdoor gatherings.
Property Size4,340 SF
Price / SF$218.66
Days on Market18
Property Features for 4400 Old College Rd
General Information
Standard status
Active
Size
4,340 SF
Total Parking Spaces
15
Additional Details
Public Transit
Yes
Amenities
storage
patio
Building Details
Year Built
1941
Year Renovated
2013
Buildings
1
Listing Agency:
SRA Strategic Realty Advisors
(979) 431-5566
Listed By:
Robert Young · License #0517625
Source:
Doorstephomegroup
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 9:57PM
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 SRA Strategic Realty Advisors
Investment Insights
Based on property information with market context.
Built in 1941, this 4,340-square-foot property is currently operated as an Airbnb/VRBO short-term rental. Additions completed in 2013 expanded the original building, which includes extensive storage and closet space along with a secluded patio suited to outdoor entertaining. The property has 15 dedicated parking spaces and sits on the TAMU shuttle route.
The building is located less than one mile from campus and just outside the Northgate District. Its documented prior uses include a real estate office, bed and breakfast, and fraternity house. The property information also identifies office and multifamily use as possible directions for the building, providing flexibility beyond its current lodging operation.
The building is located less than one mile from campus and just outside the Northgate District. Its documented prior uses include a real estate office, bed and breakfast, and fraternity house. The property information also identifies office and multifamily use as possible directions for the building, providing flexibility beyond its current lodging operation.
Key Highlights
- 4,340 SF building originally constructed in 1941
- Additions were completed in 2013
- Current Airbnb/VRBO short‑term rental operation
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
$57,076
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
6.01%
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%
$1,141,520
$1.1M
Cap Rate 7%
$815,371
$815.4K
Cap Rate 9%
$634,178
$634.2K
Market Conditions
NOI Build-Up for 4,340 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
$91.1K $21.00/SF
− Vacancy
−$15.0K −$3.47/SF
EGI
$76.1K $17.54/SF
− OpEx
−$19.0K −$4.38/SF
NOI
$57.1K $13.15/SF
Area
Brazos County, TX
Vacancy
16.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,141,520
Cap Rate 7%
$815,371
Cap Rate 9%
$634,178
Alternative Uses
Best Use
Office B
$815.4K
$713.5K – $951.3K
NOI $57,076 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$594.8K
$520.4K – $693.9K
NOI $41,634 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.07M
$935.1K – $1.25M
NOI $74,808 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Current lodging use includes guest accommodations, substantial storage, and a secluded patio for outdoor gatherings.
Where is this short term rental property located?
The property is located at 4400 Old College Rd Bryan, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4,340 SF building originally constructed in 1941; Additions were completed in 2013; Current Airbnb/VRBO short‑term rental operation
