Multifamily Property with Central
For Sale
$11,950,000
701-727 Turner Street, College Station, TX 77840
The property includes a kitchen appliance package with a range, dishwasher, microwave, refrigerator, washer, and dryer.
Property Size35,046 SF
Days on Market12
Property Features for 701-727 Turner Street
General Information
Standard status
Active
Size
35,046 SF
Total Parking Spaces
88
Property subtype
Residential Income
Additional Details
Road Access
Yes
Amenities
Central Air, Ceiling Fan(s), Electric
Central, Electric
Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Dryer, Electric Water Heater, Washer
Bar, Dry Bar
On Site, Paved
Building Details
Building Size
35,046 SF
Year Built
2025
Listing Agency:
RE/MAX 20/20
Listed By:
Cori Becka
(915) 307-0276
Source:
Evrealestate
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 14 at 10:50PM
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 RE/MAX 20/20
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Investment Insights
Based on property information with market context.
This multifamily property at 701-727 Turner Street in College Station was built in 2025. Interior features include central air, ceiling fans, and a bar or dry bar. The kitchen has an electric range, dishwasher, disposal, microwave, refrigerator, washer, and dryer, with an electric water heater. Paved on-site parking is also available.
Key Highlights
- Built in 2025
- Paved on‑site parking
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$336,200
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,724,000
$6.7M
Cap Rate 7%
$4,802,857
$4.8M
Cap Rate 9%
$3,735,556
$3.7M
Market Conditions
NOI Build-Up for 35,046 SF
Gross rent
$643.4K $18.36/SF
− Vacancy
−$32.2K −$0.92/SF
EGI
$611.3K $17.44/SF
− OpEx
−$275.1K −$7.85/SF
NOI
$336.2K $9.59/SF
Area
College Station, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,724,000
Cap Rate 7%
$4,802,857
Cap Rate 9%
$3,735,556
Alternative Uses
Best Use
Apartment 5plus
$4.80M
$4.20M – $5.60M
NOI $336,200 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,081 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 77840, TX
55,180
Population
25,423
Households
2.2
Avg Household Size
25
Median Age
46%
College-Educated
91%
High-School Grad
10.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$31,278
Median Household Income
$14,521
Median Earnings
$1,085
Median Rent
$241,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes a kitchen appliance package with a range, dishwasher, microwave, refrigerator, washer, and dryer.
Where is this multifamily property located?
The property is located at 701-727 Turner Street College Station, TX.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: Built in 2025; Paved on‑site parking; Central air and ceiling fans
