Multifamily Complex Near Texas
For Sale
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806 Oran Cir, Bryan, TX 77801
Eight-unit apartment complex near Northgate and Texas A&M University.
Property Size5,988 SF
Price / SF$133.60
Days on Market1462
Property Features for 806 Oran Cir
General Information
Standard status
Active
Size
5,988 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1977
Buildings
1
Stories
2
Units
8
Listing Agency:
LKG Realty Advisors
Listed By:
Rick Lemons · License #TX 524312
(979) 221-2929
Source:
Crexi
Added: Oct 13, 2022
Changed: Oct 3
Last Checked: Oct 12 at 7:37PM
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 LKG Realty Advisors
Investment Insights
Based on property information with market context.
This is an eight-unit apartment complex located blocks from Northgate and Texas A&M University. Each of the eight units contains two bedrooms and one bathroom, with four units per building. Each unit is individually metered. The owner is responsible for lawn care and pest control. The property is located three blocks from the Texas A&M University bus stop for Route 15 Old Army at the corner of Spruce and College Main. The property has a size of 5988 square feet and presents potential for value add.
Key Highlights
- Prime location: Blocks from Northgate and Texas A&M University.
- Eight 2‑bed/1‑bath units: Ideal for student housing.
- Individually metered units: Tenants pay their own utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,443
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,860
$1.1M
Cap Rate 7%
$820,614
$820.6K
Cap Rate 9%
$638,256
$638.3K
Market Conditions
NOI Build-Up for 5,988 SF
Gross rent
$109.9K $18.36/SF
− Vacancy
−$5.5K −$0.92/SF
EGI
$104.4K $17.44/SF
− OpEx
−$47.0K −$7.85/SF
NOI
$57.4K $9.59/SF
Area
Brazos County, 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%
$1,148,860
Cap Rate 7%
$820,614
Cap Rate 9%
$638,256
Alternative Uses
Best Use
Apartment 5plus
$820.6K
$718.0K – $957.4K
NOI $57,443 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,214 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 77801, TX
15,097
Population
7,221
Households
2.1
Avg Household Size
27
Median Age
23%
College-Educated
81%
High-School Grad
3.1 sq mi
ZIP Area
4,870
Density / Sq Mi
$35,575
Median Household Income
$24,587
Median Earnings
$998
Median Rent
$172,200
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment complex near Northgate and Texas A&M University.
Where is this apartment building located?
The property is located at 806 Oran Cir Bryan, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location: Blocks from Northgate and Texas A&M University.; Eight 2‑bed/1‑bath units: Ideal for student housing.; Individually metered units: Tenants pay their own utilities.
