South College Station Office
For Sale
Contact for pricing
4519 Mills Park Cir, College Station, TX 77845
6,356 SF office building in South College Station for sale.
Property Size6,356 SF
Price / SF$287.13
Days on Market626
Property Features for 4519 Mills Park Cir
General Information
Standard status
Active
Size
6,356 SF
Property subtype
Office
Listing Agency:
Clark Isenhour Real Estate Services, LLC
(979) 268-6840
Listed By:
Blake Baumann · License #TX 767080
Source:
Crexi
Added: Nov 14, 2024
Changed: Jul 10
Last Checked: Jul 27 at 4:27PM
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 Clark Isenhour Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This multi-suite office building offers 6,356 square feet of space and is located in South College Station. The property benefits from its proximity to various amenities and ongoing new development in the surrounding area. Several establishments are within walking distance, including Blue Baker, Mad Taco, RX Pizza, Tipsy Bean, and Casa Do Brasil.
Key Highlights
- Multi Suite 6,356 square feet office building
- Located in South College Station
- Great amenities
Financial Insights For Office B
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 | $133.5k | $21.00 |
| − Vacancy | −$22.0k | −$3.47 |
| EGI | $111.5k | $17.54 |
| − OpEx | −$27.9k | −$4.38 |
| NOI | $83.6k | $13.15 |
6,356 SF · lease $21.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,589 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,557 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 6,356 SF office building in South College Station for sale.
Where is this office building located?
The property is located at 4519 Mills Park Cir College Station, TX.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Multi Suite 6,356 square feet office building; Located in South College Station; Great amenities
