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    3006 Barron Rd College Station, TX 77845

    For Sale
    $2,350,000

    High-growth area, value-add opportunity.

    Property size:
    8,416 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional mixed-use property in College Station, Texas, presents a compelling value-add investment opportunity. Located at 3006 Barron Rd, this two-story, 8,416 square foot building boasts a prominent location on SH-40, enjoying high visibility and exposure to over 20,000 vehicles daily. Currently 86% occupied, the property features a multi-tenant configuration with a strong anchor tenant under a five-year NNN lease. The remaining vacant space (1,162 sq ft) is in shell condition, offering significant flexibility for a new tenant or owner-occupant, with a generous $50/SF tenant improvement allowance. The property sits on a 16,117 sq ft lot and is zoned SC - Suburban Commercial. Built in 2018, the property generates a current NOI of $161,335, with a pro-forma NOI of $199,220, representing a pro-forma cap rate of 8.25%. The asking price is $2,350,000, and the current cap rate is 6.87%. The property benefits from its location within a high-growth area of College Station, a city recognized for its business-friendly environment and strong economic performance. This is an ideal opportunity for investors seeking a value-add project with significant upside potential in a thriving Texas market. The property is ready for occupancy on September 10, 2024.

    Property Features for 3006 Barron Rd

    General Information

    Property type
    Restaurants
    Square Feet
    8,416 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    2

    HighLights

    • Multi‑tenant retail building in College Station, TX; anchored by a five‑year NNN lease with Urban Table and another tenant; 86% occupied, offering a value‑add opportunity.
    • Vacant space is in shell condition, offering flexibility for a new tenant or owner‑occupant; $50/SF tenant improvement allowance.
    • High‑visibility location on SH‑40, at the entrance to CityView Southwest development, with over 20,000 vehicles daily; situated in a high‑growth area of College Station.
    • Bryan/College Station ranks #1 for Best Small Places for Business in Texas, boasts the highest job growth rate in Texas for mid‑sized areas, and benefits from a business‑friendly environment, strong economy, and no state income tax.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Urban Table Restaurant College Station Physical ... Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.295001392713
    Latitude
    30.555384919512

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    FAQs

    What type of property is this?
    Restaurant - High-growth area, value-add opportunity.
    Where is this restaurant located?
    The property is located at 3006 Barron Rd College Station, TX.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Multi-tenant retail building in College Station, TX; anchored by a five-year NNN lease with Urban Table and another tenant; 86% occupied, offering a value-add opportunity.; Vacant space is in shell condition, offering flexibility for a new tenant or owner-occupant; $50/SF tenant improvement allowance.; High-visibility location on SH-40, at the entrance to CityView Southwest development, with over 20,000 vehicles daily; situated in a high-growth area of College Station.
    Request Owner's contact information
    3006 Barron Rd College Station, TX 77845
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    College Station, TX 77845
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    Realmo Value Estimation

    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.

    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.

    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
    3006 Barron Rd College Station, TX 77845
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