Flex Warehouse with Bay
For Sale
$125,000
3001 Main Ave, Groves, TX 77619
COMMERCIAL - Groves, TX
Property Size1,320 SF
Lot Size0.15 Acres
Price / SF$94.70
Days on Market46
Property Features for 3001 Main Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Freestanding
Subdivision
Groves 2
Standard status
Active
Size
1,320 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
TR 7A REPLAT LT 7 PEARL GARDENS .149AC
Legal Description
TR 7A REPLAT LT 7 PEARL GARDENS .149AC
Building Details
Floors in Building
1
Listing Agency:
JLA Realty
(409) 242-1900
Listed By:
John Altic · License #0572287
(281) 744-2611
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 20 at 4:06PM
MLS# 267627
Copyright © 2026 Beaumont Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a large, wide-open shop and warehouse layout designed for flexible commercial and industrial use. The building includes two large bay doors for loading and vehicle access, along with an expansive open work area that can support a range of operational needs. In addition, the space is already plumbed for a bathroom, which can help streamline build-out for applicable tenants and business types.
The property is located on Main Ave in Groves, providing a convenient and accessible location within the local market. Its configuration supports straightforward day-to-day operations where loading, open-area work, and storage space are important.
The broad, open footprint and vehicle-friendly bay doors make this space practical for warehouse use and for automotive operations such as contractor work, fabrication, storage, and distribution. It can also work for other commercial operations that benefit from an adaptable shop-and-warehouse style interior. As a for-sale offering, it presents a single-site option for owners and operators seeking a functional building that can be tailored to multiple business functions.
The property is located on Main Ave in Groves, providing a convenient and accessible location within the local market. Its configuration supports straightforward day-to-day operations where loading, open-area work, and storage space are important.
The broad, open footprint and vehicle-friendly bay doors make this space practical for warehouse use and for automotive operations such as contractor work, fabrication, storage, and distribution. It can also work for other commercial operations that benefit from an adaptable shop-and-warehouse style interior. As a for-sale offering, it presents a single-site option for owners and operators seeking a functional building that can be tailored to multiple business functions.
Key Highlights
- Large, wide‑open shop and warehouse space.
- Excellent multi‑use potential for commercial or industrial operations.
- Convenient and accessible location on Main Ave in Groves.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$221,660
$221.7K
Cap Rate 7%
$158,329
$158.3K
Cap Rate 9%
$123,144
$123.1K
Market Conditions
NOI Build-Up for 1,320 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.2K $13.80/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$17.1K $12.92/SF
− OpEx
−$6.0K −$4.52/SF
NOI
$11.1K $8.40/SF
Area
Jefferson County, TX
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$221,660
Cap Rate 7%
$158,329
Cap Rate 9%
$123,144
Alternative Uses
Best Use
Flex RnD
$158.3K
$138.5K – $184.7K
NOI $11,083 @ 7.0% cap · market cap 8.87%
Second Best
Warehouse
$116.5K
$102.0K – $136.0K
NOI $8,158 @ 7.0% cap · market cap 6.53%
Theoretical Best
Multifamily LT 5
$14.83M
$12.98M – $17.30M
NOI $1,038,153 @ 7.0% cap · market cap 830.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77619, TX
17,349
Population
6,885
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
3,213
Density / Sq Mi
$70,485
Median Household Income
$43,314
Median Earnings
$1,247
Median Rent
$153,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open shop and warehouse space with two large bay doors, plumbed for a bathroom, suited for automotive and storage uses.
Where is this flex space located?
The property is located at 3001 Main Ave Groves, TX.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Large, wide‑open shop and warehouse space.; Excellent multi‑use potential for commercial or industrial operations.; Convenient and accessible location on Main Ave in Groves.
