Building Details

Year Built 1966

Year Renovated 2017

Buildings 2

Listing Agency: Oldham Goodwin Group Bryan / College Station

Listed By: Clinton Oldham · License #TX555666 Show Phone

Source: Crexi

Added: May 25, 2023 Changed: Oct 21 Last Checked: Oct 20 at 8:20PM

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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 Oldham Goodwin Group Bryan / College Station

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Investment Insights

Based on property information with market context.

The property at 2200 East Villa Maria Road in Bryan, Texas, features two buildings: an 11,500-square-foot office building constructed in 1966 and a 4,000-square-foot flex building constructed in 2012. Both buildings have undergone interior remodels, with the most recent updates completed between 2016 and 2017. Situated on a two-acre tract, the property is located directly across from the CHI St. Joseph Regional Health Hospital and near Blinn College. The buildings are suitable for an owner occupant and are offered at a discount to their replacement cost.

Key Highlights

• Located directly across from CHI St. Joseph Regional Health Hospital and near Blinn College.
• Offered at a significant discount to replacement cost.
• Includes two buildings: an 11,500 SF office building and a 4,000 SF flex building.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,546

Cap Rate

8.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,810,920 $2.8M

Cap Rate 7%

$2,007,800 $2.0M

Cap Rate 9%

$1,561,622 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,500 SF

Gross rent

$232.5K $15.00/SF

− Vacancy

−$16.3K −$1.05/SF

EGI

$216.2K $13.95/SF

− OpEx

−$75.7K −$4.88/SF

NOI

$140.5K $9.07/SF

Area

Brazos County, TX

Vacancy

7.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,810,920

Cap Rate 7%

$2,007,800

Cap Rate 9%

$1,561,622

Alternative Uses

Best Use

Office B

$2.91M

$2.55M – $3.40M (±1% cap)

NOI $203,844 @ 7.0% cap · market cap 11.65%

Second Best

Flex RnD

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,546 @ 7.0% cap · market cap 8.03%

Theoretical Best

Office A

$3.82M

$3.34M – $4.45M (±1% cap)

NOI $267,170 @ 7.0% cap · market cap 15.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

CHI St Joseph ... Corporate Office St Joseph EMS Ambulance Service

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,350

Businesses Nearby

Explore this area Business Placement

Demographics for 77802, TX

25,502

Population

12,189

Households

2.1

Avg Household Size

37

Median Age

42%

College-Educated

93%

High-School Grad

11.5 sq mi

ZIP Area

2,218

Density / Sq Mi

$68,132

Median Household Income

$43,920

Median Earnings

$1,272

Median Rent

$237,600

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two buildings near hospital and college, ideal for owner.

Where is this office building located?

The property is located at 2200 E Villa Maria Rd Bryan, TX.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Located directly across from CHI St. Joseph Regional Health Hospital and near Blinn College.; Offered at a significant discount to replacement cost.; Includes two buildings: an **11,500 SF office building and a 4,000 SF flex building**.