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 Market54
Property Features for 702 South Washington Ave
General Information
Standard status
Active
Size
3,032 SF
Listing Agency:
SRA Strategic Realty Advisors
Listed By:
Robert Young · License #0517625
(979) 431-5566
Source:
Doorstephomegroup
Added: Aug 23
Changed: Sep 6
Last Checked: Sep 29 at 2:58PM
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 / Yr
$39,875
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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
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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
