Single-Tenant Office
For Sale
$1,185,000
555 William D Fitch Pkwy, College Station, TX 77845
Fully leased office property with a modified gross lease and established occupancy.
Property Size3,800 SF
Price / SF$311.84
Days on Market55
Property Features for 555 William D Fitch Pkwy
General Information
Standard status
Active
Size
3,800 SF
Occupancy
100%
Net Operating Income
$68,000
Additional Details
Cap Rate
5.7%
Road Access
Yes
Building Details
Year Built
2017
Buildings
1
Building Size
3,800 SF
Tenancy
Single
Listing Agency:
Clark Isenhour RealEstate Svcs
(979) 268-6840
Listed By:
Joshua Isenhour
(979) 220-1317
Source:
Exprealty
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 16 at 11:53AM
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 RealEstate Svcs
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Investment Insights
Based on property information with market context.
This 3,800-square-foot office building was constructed in 2017 and is occupied by a single tenant. The property is fully leased under a modified gross structure with an expense stop beginning in 2026, providing an established operating and lease framework.
Behavioral Innovations has occupied the building since 2019 and exercised its first renewal option in 2024. The current lease term extends through November 2029, with a final renewal option available through November 2034. The property is positioned along William D. Fitch Parkway in College Station, with visibility and access from the roadway.
Behavioral Innovations has occupied the building since 2019 and exercised its first renewal option in 2024. The current lease term extends through November 2029, with a final renewal option available through November 2034. The property is positioned along William D. Fitch Parkway in College Station, with visibility and access from the roadway.
Key Highlights
- 3,800 SF single‑tenant office building constructed in 2017
- Fully leased to Behavioral Innovations since 2019
- Current lease term runs through November 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,975
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,500
$999.5K
Cap Rate 7%
$713,929
$713.9K
Cap Rate 9%
$555,278
$555.3K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$79.8K $21.00/SF
− Vacancy
−$13.2K −$3.47/SF
EGI
$66.6K $17.54/SF
− OpEx
−$16.7K −$4.38/SF
NOI
$50.0K $13.15/SF
Area
College Station, 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 Rate 5%
$999,500
Cap Rate 7%
$713,929
Cap Rate 9%
$555,278
Alternative Uses
Best Use
Office B
$713.9K
$624.7K – $832.9K
NOI $49,975 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$935.7K
$818.8K – $1.09M
NOI $65,500 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
202
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office property with a modified gross lease and established occupancy.
Where is this office building located?
The property is located at 555 William D Fitch Pkwy College Station, TX.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: 3,800 SF single‑tenant office building constructed in 2017; Fully leased to Behavioral Innovations since 2019; Current lease term runs through November 2029
