Office
New
For Sale
$559,000
701 S Texas Avenue, Bryan, TX 77803
The office property sits near Downtown Bryan with access from S Texas Avenue.
Property Size3,275 SF
Days on Market2
Property Features for 701 S Texas Avenue
General Information
Standard status
Active
Size
3,275 SF
Building Details
Building Size
3,275 SF
Year Built
1977
Listing Agency:
Clark Isenhour RealEstate Svcs
Listed By:
Samuel Solcher
(979) 324-0866
Source:
Evrealestate
Added: Oct 23
Last Checked: Oct 23 at 5:15PM
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.
Built in 1977, this office building is located at 701 S Texas Avenue in Bryan, Brazos County. Its position near Downtown Bryan and access off S Texas Avenue provide the property's stated location context.
Key Highlights
- Office building constructed in 1977
- 701 S Texas Avenue location near Downtown Bryan
- Located in Brazos County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,070
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,400
$861.4K
Cap Rate 7%
$615,286
$615.3K
Cap Rate 9%
$478,556
$478.6K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$68.8K $21.00/SF
− Vacancy
−$11.3K −$3.47/SF
EGI
$57.4K $17.54/SF
− OpEx
−$14.4K −$4.38/SF
NOI
$43.1K $13.15/SF
Area
Brazos County, 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%
$861,400
Cap Rate 7%
$615,286
Cap Rate 9%
$478,556
Alternative Uses
Best Use
Office B
$615.3K
$538.4K – $717.8K
NOI $43,070 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.4K
$705.6K – $940.9K
NOI $56,451 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
976
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
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 - The office property sits near Downtown Bryan with access from S Texas Avenue.
Where is this office building located?
The property is located at 701 S Texas Avenue Bryan, TX.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Office building constructed in 1977; 701 S Texas Avenue location near Downtown Bryan; Located in Brazos County
