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    Lee Y. Wheeler Iii, Beaumont, TX

    License ID: 0467055
    Wheeler Commercial
    Association
    Beaumont Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (409) 899-3300
    Office Address:
    400 Neches, Beaumont, TX, 77701

    Performance

    Listings
    52

    Listings

    For Sale (41)

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    • $2,150,000
      15,352 SF

      Historic Downtown Beaumont Office Space

      High-end office space in historic downtown Beaumont.
      905 Orleans St, Beaumont, TX 77701
      View Details
    • $2,475,000
      26,483 SF

      Retail Space in Prime Location

      Former retail location in Beaumont's major retail development.
      4150 Dowlen Rd, Beaumont, TX 77706
      View Details
    • $748,796

      Corner Land on Highway 105

      Commercial land with high visibility and retail potential.
      Highway 105, Beaumont, TX 77713
      View Details
    • $2,208,495

      Corner Land Parcel on Highway

      Corner land parcel with high traffic and visibility.
      8615 College St, Beaumont, TX 77707
      View Details
    • $862,488

      Prime Land Near Lamar University

      1.4 acres with highway frontage near Lamar University.
      1655 E Cardinal Dr, Beaumont, TX 77705
      View Details
    • $325,000

      Corner Lot Near IH-10

      1.4855 acre corner lot near Sam's Club and IH-10.
      4050 Washington Blvd, Beaumont, TX 77705
      View Details
    • $522,371

      Corner Land with High Visibility

      1.4990 acres with frontage on 11th Street & Fannett Road.
      4380 Fannett Rd, Beaumont, TX 77705
      View Details
    • $280,309
      43,124 SF

      Prime Pad Site For Lease

      0.99 AC pad site suitable for office or retail.
      S Main St, Lumberton, TX 68437
      View Details
    • $500,000

      Silsbee Land with Highway Frontage

      6.67 acre commercial land with highway frontage near retail.
      3025 Highway 96 Byp, Silsbee, TX 77656
      View Details
    • $1,401,571

      4.95 Acre Land on Cardinal

      4.95 acres with frontage on West Cardinal Drive.
      1650 W Cardinal Dr, Beaumont, TX 77705
      View Details
    • $200,000

      Prime Land on Washington Blvd

      1.769 acre commercial land with frontage on Washington Blvd.
      3830 Washington Blvd, Beaumont, TX 77705
      View Details
    • $6,845,018

      Eastex Freeway Land Opportunity

      Land available on Eastex Freeway, Beaumont, TX.
      3700 Eastex Fwy, Beaumont, TX 77703
      View Details
    • $336,000

      2.57 Acre Retail Development Site

      2.57 acre tract with frontage on Hwy. 69/287.
      1255 S Pine St, Kountze, TX 77625
      View Details
    • $750,000
      4,513 SF

      Retail Space on Eastex Freeway

      Corner retail location on Eastex Fwy (Hwy 69/96/287).
      5220 Eastex Fwy, Beaumont, TX 77708
      View Details
    • $2,509,200

      27.88 Acre Highway Frontage Land

      27.88 acre site with highway frontage, utilities, and access.
      23620 Tx-73, Winnie, TX
      View Details
    • $379,000

      Highway Frontage Development Site

      2.903 acres on Highway 69/287, Kountze, Texas.
      1115 S Pine St, Kountze, TX 77625
      View Details
    • Contact for pricing

      62 Acres Commercial Land Available

      62.12 acres of commercial land with highway frontage.
      5860 Memorial Blvd, Port Arthur, TX 77642
      View Details
    • $1,600,000
      2,550 SF

      Beaumont Office Space For Sale

      Office space available in The Courtyard Office Complex.
      4180 Delaware Street Ext, Beaumont, TX
      View Details
    • $595,000
      1,581 SF

      Freeway Property with New Roof

      Clean, specialty property with deed restrictions and a new roof.
      2790 Eastex Fwy, Beaumont, TX 77703
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      1.1 acre commercial land with highway frontage in Beaumont, TX.
      1655 E Cardinal Dr, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Commercial Pad Site For Sale

      Commercial pad site available behind Arby's and next to strip center.
      S Main St, Lumberton, TX 77657
      View Details
    • Contact for pricing

      Prime Retail Development Land Available

      2.571 acre tract with highway frontage, ideal for retail.
      1255 S Pine St, Kountze, TX 77625
      View Details
    • Contact for pricing

      Signalized Corner Land For Sale

      Commercial land available on a signalized corner in Lumberton, TX.
      Us-69, Lumberton, TX 77657
      View Details
    • Contact for pricing

      Highway Frontage Development Site

      2.903 acres on Highway 69/287, Kountze, TX.
      S Pine St, Kountze, TX 77625
      View Details
    • Contact for pricing

      Corner Lot Near Interstate 10

      1.48-acre corner lot near Sam's Club and IH-10.
      4050 Washington Blvd, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Corner Lot on 11th Street

      1.4990-acre commercial land with high traffic exposure in Beaumont, Texas.
      4380 Fannett Rd, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Prime Commercial Land in Beaumont

      10.476-acre commercial property with high visibility and development potential.
      3700 Eastex Fwy, Beaumont, TX 77703
      View Details
    • Contact for pricing

      Corner Location Land For Sale

      Corner lot available for commercial development.
      S 11Th St, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Signalized Corner Location Land

      Over 2 acres of commercial land for development.
      401 N Lhs Dr, Lumberton, TX 77657
      View Details
    • Contact for pricing
      14,155 SF

      Beaumont Office Condominium Complex

      Stable office condominium complex in a central Beaumont location.
      4180 Delaware St, Beaumont, TX 77706
      View Details
    • Contact for pricing

      11.9 Acre Commercial Land Tract

      Commercial land tract suitable for retail or big box development.
      Highway 69, Lumberton, TX 77625
      View Details
    • Contact for pricing

      Silsbee Retail Development Opportunity

      6.67 acre retail development opportunity in Silsbee, Texas.
      3025 Highway 96 Byp, Silsbee, TX 77656
      View Details
    • Contact for pricing

      Highway Frontage Land with Ponds

      6.67 acres with highway frontage and development potential.
      96 Byp And Nerren Ln, Silsbee, TX 77656
      View Details
    • Contact for pricing

      Development Site Available

      Land available for development.
      7525 Tx-105, Beaumont, TX 77713
      View Details
    • Contact for pricing

      Signalized Corner Land Opportunity

      Land available at a signalized corner location.
      8615 College St, Beaumont, TX 77707
      View Details
    • Contact for pricing
      26,483 SF

      Beaumont Retail and Warehouse Space

      Versatile commercial property with retail, warehouse, and storage space.
      4150 Dowlen Rd, Beaumont, TX 77706
      View Details
    • Contact for pricing

      Commercial Land on Washington Blvd

      1.769 acre commercial land for sale on Washington Blvd.
      3830 Washington Blvd, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Highway 69 Frontage Land

      Commercial land for sale with frontage on Highway 69.
      1650 W Cardinal Dr, Beaumont, TX 77705
      View Details
    • Contact for pricing

      Corner Lot on Eastex Freeway

      Signalized corner lot suitable for office or retail development.
      3460 Delaware St, Beaumont, TX 77706
      View Details
    • Contact for pricing

      Corner Land for Sale

      Corner commercial land available in Beaumont, Texas.
      105 & Raines Rd, Beaumont, TX 77713
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      62.12 acres of commercial land with highway frontage.
      5850 Memorial Blvd, Port Arthur, TX 77642
      View Details

    For Lease (11)

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    • $12 SF/Yr
      1,700 SF

      Office Space on Main Street

      1,700 SF office space in growing Southeast Texas city.
      156 S Main St, Lumberton, TX 77657
      View Details
    • $12 SF/Yr
      1,680 SF

      Retail Space on Memorial Freeway

      Retail space available for rent on Memorial Freeway.
      401 Memorial Fwy, Nederland, TX 77627
      View Details
    • $13 SF/Yr
      17,561 SF

      Medical Office Space Available

      Medical office building in Beaumont, TX, with upgrade potential.
      3345-3395 Plz 10 Blvd, Beaumont, TX
      View Details
    • $18 SF/Yr
      3,500 SF

      Restaurant Space with Large Kitchen

      3,500 SF restaurant space featuring a large kitchen.
      3025 Highway 96, Silsbee, TX 77656
      View Details
    • $12,000 /Mo

      Industrial Land with Stabilized Yard

      5.33 acres with stabilized yard and portable office.
      4855 Romeda Rd, Beaumont, TX 77705
      View Details
    • $23 SF/Yr
      3,500 SF

      Prime Retail Space on Dowlen

      3,500 SF end cap space with excellent visibility.
      3775 Dowlen Rd, Beaumont, TX 77706
      View Details
    • $15 SF/Yr
      600 SF

      Lumberton Office Space For Rent

      600 SF office space featuring an open concept and bathroom.
      160 Allen St, Lumberton, TX 77657
      View Details
    • Contact for pricing

      Retail Space on Dowlen Road

      Retail end cap space available on Dowlen Road in Beaumont.
      3775 Dowlen Rd, Beaumont, TX 77706
      View Details
    • Contact for pricing

      Lumberton Office Space Available

      Office spaces available, ranging from 600 to 2,178 SqFt.
      160 Allen St, Lumberton, TX 77657
      View Details
    • Contact for pricing

      Professional Office Space in Beaumont

      Professional office complex with great access in the heart of Beaumont.
      4180 Delaware St, Beaumont, TX 77706
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,581 square feet.
      2790 Eastex Fwy, Beaumont, TX 77703
      View Details

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    Lee Y. Wheeler Iii, Beaumont, TX
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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.

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    Lee Y. Wheeler Iii, Beaumont, TX
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