Remodeled Office Building with Meeting
For Sale
$855,000
702 South Washington Ave, Bryan, TX 77803
Rebuilt interior includes private offices, reception, conference, and meeting areas.
Property Size3,032 SF
Price / SF$281.99
Days on Market8
Property Features for 702 South Washington Ave
General Information
Standard status
Active
Size
3,032 SF
Listing Agency:
SRA Strategic Realty Advisors
(979) 431-5566
Listed By:
Robert Young · License #0517625
Source:
Doorstephomegroup
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 30 at 1:23AM
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 SRA Strategic Realty Advisors
Investment Insights
Based on property information with market context.
This 3,032-square-foot office building was taken down to the studs and rebuilt with a redesigned interior. The floor plan includes individual offices, a reception area, a conference room, and a separate large meeting space, creating a practical mix of private and shared areas.
Located at 702 South Washington Ave in Bryan, the property is near downtown and offers an office setting suited to professional service operations. The existing configuration supports a range of office users, including legal, real estate, and medical practices.
Located at 702 South Washington Ave in Bryan, the property is near downtown and offers an office setting suited to professional service operations. The existing configuration supports a range of office users, including legal, real estate, and medical practices.
Key Highlights
- 3,032‑square‑foot office building at 702 South Washington Ave
- Interior remodeled to the studs and rebuilt
- Individual offices with reception area
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
$39,875
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
4.66%
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%
$797,500
$797.5K
Cap Rate 7%
$569,643
$569.6K
Cap Rate 9%
$443,056
$443.1K
Market Conditions
NOI Build-Up for 3,032 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
$63.7K $21.00/SF
− Vacancy
−$10.5K −$3.47/SF
EGI
$53.2K $17.54/SF
− OpEx
−$13.3K −$4.38/SF
NOI
$39.9K $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 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%
$797,500
Cap Rate 7%
$569,643
Cap Rate 9%
$443,056
Alternative Uses
Best Use
Office B
$569.6K
$498.4K – $664.6K
NOI $39,875 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.6K
$653.3K – $871.0K
NOI $52,262 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
999
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Rebuilt interior includes private offices, reception, conference, and meeting areas.
Where is this office building located?
The property is located at 702 South Washington Ave Bryan, TX.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: 3,032‑square‑foot office building at 702 South Washington Ave; Interior remodeled to the studs and rebuilt; Individual offices with reception area
