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Days1056Days on Market
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$1,200

242 Southwest Pkwy, College Station, TX, 77840

On MarketInfo
CommercialInfo
Baths2,187 Sq Ft
OfficeOffice
Year BuiltBuilt in 2005

Highlights

Interior

Heating CentralHeating Central
CoolingCooling
AppliancesElectric Water Heater, Water Heater
FlooringCarpet

Exterior

Lot Size9,047 sqft

Building Information

Year Built2005
Stories1
Roof Type105

Land Information

APN114700-0004-0082
Lot Number8B
SubdivisionAshford Square
Land UseCommercial
Legal DescriptionASHFORD SQUARE, BLOCK D, LOT 8B
Census Tract001604
Assessed Land Value$203,967
Assessed Improvement Value$319,995
Assessment Year2025

About this property

Clean and bright work space! These three offices can be rented together for $1200. If less space is required they can be rented individually. $300 for the smaller ones and $600 for the larger one. There is a community break room and an ADA restroom available for use as well. This is best suited for a quiet professional business, the building is shared with a bookkeeping service and a State Farm office. Great central location with several restaurants and other businesses very near by. Easy access to either bypass from Southwest Parkway. This is a gross lease, utilities are included. All three offices are somewhat furnished as well. If you have your own furniture what is there can be moved. Offices measure 9 feet 10 inches by 12 feet for the two smaller ones and 10 feet 4 inches by 14 feet 6 inches for the larger one. There are 9 parking spaces for the building and shared parking with Brazos Fellowship. This is a great deal, amazing space, and the very best landlords you will ever meet.

Investor Tools

$150,882Estimated Mortgage Balance
$258,049Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

Interested in this property?

Sherri Echols

eXp Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$712/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,494
$408,931
2025
$203,967
$319,995
$523,962
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,494
$408,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Momentum Bank
Open End Mortgage / Open End With Future Advance Clause
$187,000
No
First
Feb 14, 2017
Feb 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,882
$258,049
63%
37%
$1,122/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: College Station

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242 Southwest Pkwy | Property Details | No Agent List