Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1041 Nolan Street Brenham, TX 77833

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with excellent visibility and highway access.

    Type:Land
    Lot size:
    6.20 Acres
    Added:
    Apr 3, 2024
    Days on Market:
    753
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1041 Nolan Street

    General Information

    Standard status
    Active
    Lot size
    6.20 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jess Buenger

    Listing agent Jess Buenger License #9010070

    Listing office Wehdem Group, LLC.

    Listing date Apr 3, 2024

    Source Crexi

    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 Wehdem Group, LLC.

    Overview

    6.2 Acre Commercial Lot

    This 6.2-acre commercial lot offers excellent visibility from Highway 290 and easy access with exits from both directions. The property features street frontage on two sides and is located on the hard corner of Nolan and Ryan Streets. It neighbors new national retail and commercial users and is ready to develop. The lot is part of the Market Square Brenham mixed-use development and is located next to Academy and Chick-fil-a.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brenham
    County
    Washington
    State
    Texas
    Longitude
    -96.4076
    Latitude
    30.2352

    Nearby Similar for Sale

    • $885,000
      10,441 SF

      Downtown Brenham Commercial Opportunity

      Exceptional commercial property in historic Downtown Brenham with redevelopment potential.
      307 E Alamo Street, Brenham, TX 77833
      View Details
    • $450,000
      1,196 SF

      Former Sonic Restaurant on Corner

      Former Sonic restaurant with drive-through on a corner lot.
      1600 South Market Street, Brenham, TX 77833
      View Details
    • $2,150,000

      Profitable Business in Historic Brenham

      Profitable business opportunity in a historic tourist destination.
      103 S Baylor Street, Brenham, TX 77833
      View Details
    • $795,000
      2,400 SF

      Unrestricted Land with Highway Frontage

      6.013 acres with building on Hwy 290 frontage.
      20 Red Tip Lane, Brenham, TX 77833
      View Details
    • $899,000
      2,805 SF

      Remodeled Commercial Building in Brenham

      Remodeled 2,805 SF commercial building in Brenham's downtown district.
      301 S Market Street, Brenham, TX 77833
      View Details
    • $2,500,000
      57,136 SF

      Former Walmart on Business 290

      57,135 SF retail space on 6.78 acres.
      2202 South Market Street, Brenham, TX 77833
      View Details
    • $1,400,000
      11,178 SF

      Historic Brenham Commercial Complex

      Versatile complex in Brenham's Downtown District with rich history.
      201 West First Street, Brenham, TX 77833
      View Details
    • $795,000

      25 Acres Between Brenham and Chappell Hill

      25 acre ranch land with pond, utilities, and ag valuation.
      2525 North Meyersville Road, Brenham, TX 77833
      View Details
    • $365,000
      1,697 SF

      Brenham Home on Acreage

      Inviting 3-bedroom home on a spacious 1-acre lot.
      319 Shady Acres Lane, Brenham, TX 77833
      View Details
    • $340,000
      1,020 SF

      Historic Independence Property on Acreage

      Rare 1840s property blending history and modern living.
      10415 Mcknight Road, Brenham, TX 77833
      View Details
    • $3,839,320

      Brenham Commercial Development Opportunity

      9.8 acres near downtown Brenham with commercial potential.
      1703 North Park Street, Brenham, TX 77833
      View Details
    • $995,000
      9,707 SF

      Industrial Building on FM 577

      Industrial building for sale in Brenham, Texas, near HWY 290.
      605 South Blue Bell Road, Brenham, TX 77833
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with excellent visibility and highway access.
    Where is this commercial land located?
    The property is located at 1041 Nolan Street Brenham, TX.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 6.2 Acre Lot; Excellent Visibility from HWY 290; Easy Access with HWY 290 Exits from both directions
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jess Buenger
    Real Estate License ID: 9010070
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!