Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8615 College St Beaumont, TX 77707

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner land parcel with high traffic and visibility.

    Lot size:
    3.38 Acres

    Property Features for 8615 College St

    General Information

    Lot size
    3.38 Acres

    We can help!

    Listing Contact
    Lee Wheeler Iii, Ccim
    Lee Wheeler Iii, Ccim
    Source: Moodyscre

    Listing Agency: Wheeler Commercial Listing Agent: Lee Wheeler Iii, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Corner Land Parcel on Highway

    This property features a corner location at the intersection of Highway 90/College and Highway 364/Major Drive. It offers cross access with a McDonald’s and an ExxpressMart. The site includes 370 feet of frontage on Highway 364/Major Drive and 170 feet of frontage on Highway 90/College, providing access and visibility. The property is zoned GC-MD and sees over 34,700 vehicles daily. It is suitable for financial, retail, restaurant, or hotel development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.192009
    Latitude
    30.066081

    Nearby Similar for Sale

    • $325,000
      Pending

      Beaumont Industrial Buildings on Large Lot

      Nine industrial buildings with warehouse space on 1.69 acres.
      2945 S 4Th St, Beaumont, TX 77701
      View Details
    • $55,000
      0.24 Acres

      Beaumont Duplex: Investor Special

      Income-producing duplex in Beaumont, TX, ideal for investors.
      1655 Prairie St, Beaumont, TX 77701
      View Details
    • $1,100,000
      6,028 SF

      Playa del Carmen Multi-Unit Property

      Multi-unit property with restaurant space near Fifth Avenue, Playa del Carmen.
      Bldg In Downtown Playa Del Carmen For Sale, Beaumont, TX 77720
      View Details
    • $530,000
      2,772 SF

      Professional Office Space For Lease

      Single office suite available in West Lucas Executive Center.
      505 W Lucas Dr, Beaumont, TX 77706
      View Details
    • $650,000

      Office/Warehouse Space For Sale

      5,000 SF office/warehouse available for purchase.
      4950 Washington Blvd, Beaumont, TX 77705
      View Details
    • $400,000

      Restaurant For Sale

      Restaurant for sale.
      5540 College St, Beaumont, TX 77707
      View Details
    • $399,000

      Versatile Commercial Building on College Street

      Freestanding building with office and warehouse space on College Street.
      7990 College St, Beaumont, TX 77707
      View Details
    • $650,000
      5,000 SF

      Beaumont Warehouse with Office Space

      5,000 SF building with office and warehouse space.
      4950 Washington Blvd, Beaumont, TX 77707
      View Details
    • $400,000
      2,310 SF

      Turnkey Restaurant with Drive-Thru

      Free-standing restaurant with drive-thru, expansion potential, and fully equipped kitchen.
      5540 College St, Beaumont, TX 77707
      View Details
    • $275,000
      4,404 SF

      Office/Warehouse Space Near Beaumont

      Office/warehouse with living quarters for sale or lease.
      1539 East Ln, Beaumont, TX 77713
      View Details
    • $1,150,000

      Beaumont Strip Center For Sale

      Well-maintained 3-space strip center in Beaumont's Central Business District.
      790 Neches St, Beaumont, TX 77701
      View Details

    FAQs

    What type of property is this?
    Land - Corner land parcel with high traffic and visibility.
    Where is this land located?
    The property is located at 8615 College St Beaumont, TX.
    What is the asking price?
    The asking price for this property is $2,208,495.
    What are key features of this property?
    This property features: - Wraps lit corner of Hwy. 90/College and Hwy 364/Major Drive; - Boasting over 34,700 ADT; - Fantastic Access and Visibility
    (409) 899-3300 Call to check price and availability
    Request Owner's contact information
    8615 College St Beaumont, TX 77707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8615 College St
    Beaumont, TX 77707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8615 College St Beaumont, TX 77707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lee Wheeler Iii, Ccim
    Lee Wheeler Iii, Ccim
    Real Estate License ID: 0467055
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!