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    1610 Harvey Mitchell Pkwy S College Station, TX 77840
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    Property profile & analytics

    1610 Harvey Mitchell Pkwy S College Station, TX 77840

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    • Commercial land
    For Sale
    $499,000
    View Listing →
    Development Opportunity Near Harvey Mitchell For Sale
    $499,000
    20.40 Acres

    Development Opportunity Near Harvey Mitchell

    20.4 acres in an Opportunity Zone with development potential.

    1610 Harvey Mitchell Pkwy S, College Station, TX 77840
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    Property ID
    US82-3859804
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1610 Harvey Mitchell Pkwy S

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Unique Development Opportunity, With Large Sections of Floodplain and Floodway Located at the Corner of Dartmouth St. & Harvey Mitchell Pkwy (2818) With Intersection Traffic Light Coming Soon. ± 20.4 Acres Located in an Opportunity Zone With New Large Scale Apartments Under Construction Directly Across the Street. New Cspd Headquarters is Also Under Construction Just Down the Road on Krenek Tap and Dartmouth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.293981
    Latitude
    30.60575

    Comparable in this City

    • Contact for pricing

      Land Near Texas A&M University

      Land near Texas A&M and Blinn College in growing area.
      1405 Earl Rudder Fwy S, College Station, TX 77840
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      Land Near University Drive

      Land near Kyle Field, Rellis Campus, and Atlas Town Center.
      University Dr, College Station, TX 77840
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      Large Tract Land in College Station

      102 acres of land near Harvey Mitchell Pkwy and Wellborn.
      N Dowling Rd, College Station, TX 77840
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      22,080 SF

      Prime Commercial Land Near Texas A&M

      Shovel-ready commercial tracts near Texas A&M and dense retail.
      216 Dominik Dr, College Station, TX 77840
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      Land on North Earl Rudder

      Land available at 161 North Earl Rudder Freeway, College Station.
      161 N Earl Rudder Fwy, College Station, TX 77840
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    Similar Nearby for Sale

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      Land Near Texas A&M University

      Land near Texas A&M and Blinn College in growing area.
      1405 Earl Rudder Fwy S, College Station, TX 77840
      View Details
    • Contact for pricing
      22,080 SF

      Prime Commercial Land Near Texas A&M

      Shovel-ready commercial tracts near Texas A&M and dense retail.
      216 Dominik Dr, College Station, TX 77840
      View Details
    • Contact for pricing

      Land Near University Drive

      Land near Kyle Field, Rellis Campus, and Atlas Town Center.
      University Dr, College Station, TX 77840
      View Details
    • Contact for pricing

      Large Tract Land in College Station

      102 acres of land near Harvey Mitchell Pkwy and Wellborn.
      N Dowling Rd, College Station, TX 77840
      View Details
    • Contact for pricing

      Land on North Earl Rudder

      Land available at 161 North Earl Rudder Freeway, College Station.
      161 N Earl Rudder Fwy, College Station, TX 77840
      View Details

    Similar Nearby for Lease

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      Retail Space Near Texas A&M

      Retail and restaurant spaces near Texas A&M University for lease.
      1411 Wellborn Rd, College Station, TX 77840
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    • $14 SF/Yr
      2,806 SF

      College Station Retail Space Available

      Prime Restaurant Space, Flexible Sizes
      700 University Dr, College Station, TX 77840
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    • $216 SF/Yr
      1,724 SF

      Prime College Station Office Space

      1,724 SF Office, Immediate Occupancy
      424 Tarrow St, College Station, TX 77840
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      6,741 SF

      Freestanding Restaurant Near Texas A&M

      6,741 SF restaurant with ample parking and high visibility.
      709 Texas Ave, College Station, TX 77840
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      Regional Center Near Texas A&M

      Retail spaces available in high-visibility College Station shopping center.
      1501 University Dr East, College Station, TX 77840
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      Prime Retail Pad Site Opportunity

      Pad site near Texas A&M, excellent visibility, high-growth area.
      101 Southwest Pkwy, College Station, TX 77840
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    View Listing
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    College Station, TX 77840
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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