Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4501 Mills Park Cir College Station, TX 77845

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/office building in Caprock Crossing, convenient to nearby amenities.

    Type:Retail, Office
    Added:
    Jun 20, 2019
    Days on Market:
    2502
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 4501 Mills Park Cir

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 4501 Mills Park Cir Contact us

    Suite 100 $32 /Mo

    Size
    3,500 SF
    Type
    Retail, Office
    Lease Rate: $32.00 SF/yr (NNN)
    Contact us

    We can help!

    Listing Contact
    Barry Moore, CCIM, SIOR

    Listing agent Barry Moore, CCIM, SIOR License #TX 624142

    Listing office Sago Commercial Real Estate

    Listing date Jun 20, 2019

    Source Crexi

    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 Sago Commercial Real Estate

    Overview

    Retail/Office Building in Caprock Crossing

    This retail/office building is located on Mills Park Circle in Caprock Crossing. The property is conveniently located near dining, financial services, education, and office spaces. It is in close proximity to the Castlegate, Nantucket, Pebble Creek, and Indian Lakes neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.3027
    Latitude
    30.4821

    Nearby Similar for Lease

    • $23 SF/Yr

      Versatile Flex Space with Roll-Up

      Office/flex space with roll-up door in central location.
      2700 Earl Rudder S unit: B, College Station, TX 77845
      View Details
    • $5,000/Mo

      College Station Commercial Office Space

      Commercial office space in central Bryan/College Station with private offices.
      2748 Longmire Drive, College Station, TX 77845
      View Details
    • $3,358/Mo

      HEB Front Center Retail Space

      Prime retail space in high-traffic HEB Front Center.
      1255 #500 Arrington Road, College Station, TX 77845
      View Details
    • $25 SF/Yr

      Restaurant Space in College Station

      Second-generation restaurant space near Texas A&M University.
      12815 FM 2154 Road N unit: 180, College Station, TX 77845
      View Details
    • $25 SF/Yr

      Holleman Crossing Retail Center Space

      Retail space available in high-traffic, student-heavy College Station corridor.
      3004 Holleman Drive South, College Station, TX 77845
      View Details
    • Sponsored
      Contact for pricing

      TX, College Station - University Dr

      511 University Dr, Unit 210, College Station, TX 77840
      View Details
    • $32 SF/Yr

      Restaurant Space with Drive-Thru

      Second-generation restaurant space with drive-thru in College Station, TX.
      4501 Mills Park Circle, College Station, TX 77845
      View Details
    • $1,300/Mo

      Office Space for Lease

      Office space available for lease in College Station, Texas.
      3028 Barron Road, College Station, TX 77845
      View Details
    • $11 SF/Yr

      New Office/Warehouse Suites Available

      New construction office/warehouse suites with easy highway access.
      12948 & 12986 Tonkaway Lake Road, College Station, TX 77845
      View Details
    • $22 SF/Yr

      Copperfield Parkway Office Building

      Single-story office building in College Station's Copperfield Business Park.
      1204 Copperfield Pkwy, College Station, TX 77845
      View Details
    • $5,000/Mo

      Office Space Available For Rent

      Office space for rent located on Longmire Drive.
      2748 Longmire Drive, College Station, TX 77845
      View Details
    • $16 SF/Yr

      Iconic Office Address Near University

      Prime location near Texas A&M with high visibility.
      111 University Drive East, College Station, TX 77840
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail/office building in Caprock Crossing, convenient to nearby amenities.
    Where is this retail space located?
    The property is located at 4501 Mills Park Cir College Station, TX.
    What are key features of this property?
    This property features: Retail/office building in Caprock Crossing.; Convenient to dining, financial services, education, and office uses.; Located on Mills Park Circle.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barry Moore, CCIM, SIOR
    Real Estate License ID: TX 624142
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!