Multifamily Complex Near Texas
For Sale
Contact for pricing
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 Market1417
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
(979) 221-2929
Listed By:
Rick Lemons · License #TX 524312
Source:
Crexi
Added: Oct 13, 2022
Changed: Aug 16
Last Checked: Aug 26 at 3:48PM
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 = 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
$57,443
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
7.18%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
