Corner Commercial Land with
For Sale
$250,000
607 W Martin Luther King Jr Street, Bryan, TX 77803
Commercial, Bryan, TX
Property Size720 SF
Lot Size0.26 Acres
Price / SF$347.22
Days on Market77
Property Features for 607 W Martin Luther King Jr Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B03
Elementary school district
Bryan
Middle school district
Bryan
High school district
Bryan
Directions
Direction Prefix (in the address fields) ? for 607 W Martin Luther King Jr St, the direction is W (West). Street/Frontage direction (which way the lot faces or fronts) ? that's about which side of MLK the property sits on. I can't tell that from CAD alone; it'd come from the map/aerial.
Standard status
Active
APN
607 Martin Luther King Jr B03
Lot size
0.26 Acres
Building Details
Year built
1991
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Jahbari McLennan
(870) 530-2950
Added: Jun 24
Changed: Sep 4
Last Checked: Sep 8 at 3:06AM
MLS# 26007542
Copyright © 2026 Bryan-College Station Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 607 W Martin Luther King Jr Street in Bryan, this 0.264-acre commercial land parcel comprises two lots totaling 11,500 SF. The property includes a 720 SF building constructed in 1991, along with a concrete pad and fenced yard. The existing building has operated as a barber and salon shop, providing an established commercial improvement on the site.
B03 zoning supports the retail, personal service, food, and office uses identified for the property. The site is positioned on West MLK Jr Street, minutes from Downtown Bryan and the broader Bryan/College Station area, including Texas A&M. The concrete pad and yard provide additional physical components for parking, a vendor trailer, or another approved use.
B03 zoning supports the retail, personal service, food, and office uses identified for the property. The site is positioned on West MLK Jr Street, minutes from Downtown Bryan and the broader Bryan/College Station area, including Texas A&M. The concrete pad and yard provide additional physical components for parking, a vendor trailer, or another approved use.
Key Highlights
- 0.264‑acre commercial parcel spanning two lots
- 11,500 SF site with a 720 SF building
- B03 zoning supports retail, personal service, food, and office uses
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
$7,790
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
3.12%
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%
$155,800
$155.8K
Cap Rate 7%
$111,286
$111.3K
Cap Rate 9%
$86,556
$86.6K
Market Conditions
NOI Build-Up for 720 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
$12.1K $16.80/SF
− Vacancy
−$968 −$1.34/SF
EGI
$11.1K $15.46/SF
− OpEx
−$3.3K −$4.64/SF
NOI
$7.8K $10.82/SF
Area
Brazos County, TX
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
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%
$155,800
Cap Rate 7%
$111,286
Cap Rate 9%
$86,556
Alternative Uses
Best Use
Retail
$111.3K
$97.4K – $129.8K
NOI $7,790 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.3K
$155.1K – $206.8K
NOI $12,410 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 77803, TX
30,533
Population
10,586
Households
2.9
Avg Household Size
32
Median Age
11%
College-Educated
72%
High-School Grad
13.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$50,953
Median Household Income
$28,651
Median Earnings
$1,106
Median Rent
$141,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - C-3-zoned corner site includes an existing small commercial building, concrete pad, and fenced yard.
Where is this commercial land located?
The property is located at 607 W Martin Luther King Jr Street Bryan, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 0.264‑acre commercial parcel spanning two lots; 11,500 SF site with a 720 SF building; B03 zoning supports retail, personal service, food, and office uses
