Multi-Tenant Office
New
For Sale
$695,000
6750 Victoria Ave, College Station, TX 77845
Seven private offices and shared facilities accommodate the building’s current multi-tenant arrangement.
Property Size2,888 SF
Price / SF$240.65
Days on Market3
Property Features for 6750 Victoria Ave
General Information
Standard status
Active
Size
2,888 SF
Additional Details
Highway Access
Yes
Amenities
private offices
conference room
lobby
kitchen/break area
restrooms
storage
support space
Building Details
Year Built
2008
Buildings
1
Building Size
2,888 SF
Tenancy
Multi
Owner Occupied
No
Listing Agency:
AZURE SKY REALTY, LLC
Listed By:
Christopher Newsome · License #0623482
(979) 324-4076
Source:
Doorstephomegroup
Added: Sep 28
Last Checked: Sep 29 at 2:37PM
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 AZURE SKY REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 2008, this approximately 2,888-SF office property contains seven private offices, a conference room, lobby, kitchen and break area, two restrooms, storage, and additional support space. Multiple office tenants currently occupy the building, with shared use of common amenities. A recent roof replacement is among the property’s physical updates.
The property is in South College Station, just off William D. Fitch Parkway, with access to Highway 6. Nearby destinations include Baylor Scott & White Medical Center, the College Station Medical District, Tower Point, H-E-B, and Costco, as well as established neighborhoods. Existing leases are scheduled to expire, allowing for continued multi-tenant use or potential owner occupancy. Rent roll, lease information, and a survey are available for review.
The property is in South College Station, just off William D. Fitch Parkway, with access to Highway 6. Nearby destinations include Baylor Scott & White Medical Center, the College Station Medical District, Tower Point, H-E-B, and Costco, as well as established neighborhoods. Existing leases are scheduled to expire, allowing for continued multi-tenant use or potential owner occupancy. Rent roll, lease information, and a survey are available for review.
Key Highlights
- Approximately 2,888 SF of office space
- Seven private offices, conference room, lobby, kitchen/break area, two restrooms, and storage
- Currently occupied by multiple office tenants who share common amenities
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
$37,981
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
5.46%
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%
$759,620
$759.6K
Cap Rate 7%
$542,586
$542.6K
Cap Rate 9%
$422,011
$422.0K
Market Conditions
NOI Build-Up for 2,888 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
$60.6K $21.00/SF
− Vacancy
−$10.0K −$3.47/SF
EGI
$50.6K $17.54/SF
− OpEx
−$12.7K −$4.38/SF
NOI
$38.0K $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 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%
$759,620
Cap Rate 7%
$542,586
Cap Rate 9%
$422,011
Alternative Uses
Best Use
Office B
$542.6K
$474.8K – $633.0K
NOI $37,981 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.1K
$622.3K – $829.7K
NOI $49,780 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
304
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Seven private offices and shared facilities accommodate the building’s current multi-tenant arrangement.
Where is this office building located?
The property is located at 6750 Victoria Ave College Station, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately 2,888 SF of office space; Seven private offices, conference room, lobby, kitchen/break area, two restrooms, and storage; Currently occupied by multiple office tenants who share common amenities
