Bryan Office and Flex
For Sale
Contact for pricing
2200 E Villa Maria Rd, Bryan, TX 77802
Two buildings near hospital and college, ideal for owner.
Property Size15,500 SF
Lot Size2.00 Acres
Price / SF$112.90
Days on Market1202
Property Features for 2200 E Villa Maria Rd
General Information
Standard status
Active
Size
15,500 SF
Lot size
2.00 Acres
Property subtype
Office
Zoning
C-2; Retail
Building Details
Year Built
1966
Year Renovated
2017
Buildings
2
Listing Agency:
Oldham Goodwin Group Bryan / College Station
Listed By:
Clinton Oldham · License #TX555666
(972) 387-0300
Source:
Crexi
Added: May 25, 2023
Changed: Sep 3
Last Checked: Sep 7 at 2:29AM
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
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 = 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
$140,546
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
8.03%
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%
$2,810,920
$2.8M
Cap Rate 7%
$2,007,800
$2.0M
Cap Rate 9%
$1,561,622
$1.6M
Market Conditions
NOI Build-Up for 15,500 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
$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 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%
$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
NOI $203,844 @ 7.0% cap · market cap 11.65%
Second Best
Flex RnD
$2.01M
$1.76M – $2.34M
NOI $140,546 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,170 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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**.
