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    Property profile & analytics

    717 University Dr College Station, TX 77840

    • Commercial real estate
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5930636
    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.

    Current Use by Public Records

    • CVS Photo / Photo Shop / Print Shop
    • Rise at Northgate / Apartment Building / Apartment Complex
    • Watson Inc / Heating Equipment Supplier
    • CVS Pharmacy / Pharmacy
    • Buy Bitcoin / Crypto Atm

    Property Details for 717 University Dr

    Year built
    2012
    Property type
    Commercial real estate

    Description

    This exceptional 1,512 square-foot retail space, located at 717 University Drive in College Station, Texas, presents a unique investment opportunity. Built in 2012, this single-tenant property is ideally situated within The Rise student housing complex, directly across from Texas A&M University. This prime location guarantees high foot traffic from both students and the surrounding community. The property's ground-level storefront ensures excellent visibility and accessibility. University Drive boasts over 40,000 vehicles daily, providing significant exposure to potential customers. The property is classified as retail, office, and restaurant space, offering versatility for a variety of businesses. Its traditional office subtype makes it suitable for a range of professional services or retail operations. The property's 77840 zip code places it in the heart of College Station's vibrant commercial district, near the university and its bustling student population. This space is perfect for businesses seeking a dynamic and high-traffic location to thrive. The property's single-tenant occupancy provides a straightforward and manageable lease arrangement. This is an exceptional opportunity to establish a presence in a thriving market with a strong demographic base. The property's location within The Rise ensures a built-in customer base and a vibrant atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    College Station
    County
    Brazos
    State
    Texas
    Longitude
    -96.3429644
    Latitude
    30.6214085

    Comparable in this City

    • $36 SF/Yr
      53,900 SF

      University Town Center Office Suites

      College Station Executive Office Space Available
      800 University Dr, College Station, TX 77840
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    • $35 SF/Yr
      7,650 SF

      College Station Retail Center

      High-traffic retail space near Texas A&M
      1411 Wellborn Rd, College Station, TX 77840
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    • $24 SF/Yr
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      Retail Pad with Drive-Thru

      1400 SF retail pad with drive-thru opportunity in College Station.
      2700 Texas Ave S, College Station, TX 77840
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      3,500 SF

      Retail Space Near Texas A&M

      3,500 SF retail space with drive-thru near Texas A&M.
      398 University Dr E, College Station, TX 77840
      View Details
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      10,500 SF

      Southwest Parkway Center Retail Space

      College Station, TX: Prime Retail/Restaurant Opportunity
      602 Southwest Pkwy, College Station, TX 77840
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      450,000 SF

      Gateway Station Retail Space

      College Station Shopping Center: Prime Retail Opportunity
      1501 University Dr, College Station, TX 77840
      View Details

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      Individual office spaces available near Texas A&M University.
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      Office space suitable for various commercial uses in College Station.
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      Corner Land Opportunity Zone Parcel

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    Similar Nearby for Lease

    • $36 SF/Yr
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      University Town Center Office Suites

      College Station Executive Office Space Available
      800 University Dr, College Station, TX 77840
      View Details
    • $35 SF/Yr
      7,650 SF

      College Station Retail Center

      High-traffic retail space near Texas A&M
      1411 Wellborn Rd, College Station, TX 77840
      View Details
    • $24 SF/Yr
      1,400 SF

      Retail Pad with Drive-Thru

      1400 SF retail pad with drive-thru opportunity in College Station.
      2700 Texas Ave S, College Station, TX 77840
      View Details
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      3,500 SF

      Retail Space Near Texas A&M

      3,500 SF retail space with drive-thru near Texas A&M.
      398 University Dr E, College Station, TX 77840
      View Details
    • Contact for pricing
      2,730 SF

      College Station Retail Opportunity

      Prime 2,730 SF Retail Space Available
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      10,500 SF

      Southwest Parkway Center Retail Space

      College Station, TX: Prime Retail/Restaurant Opportunity
      602 Southwest Pkwy, College Station, TX 77840
      View Details

    Property Visit Statistics

    • Visits by month
      15.7k
    • Visitors by month
      13.8k
    • Avg Time on site
      15 min
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    717 University Dr
    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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