Sign Up Successful!
You now have access to more from Realmo!
    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

    0000 Milam St Beaumont, TX 77701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $349,000

    2.46 acres of commercial land with high visibility.

    Lot size:
    2.46 Acres

    Property Features for 0000 Milam St

    General Information

    Lot size
    2.46 Acres

    We can help!

    Listing Contact
    Kerry Moncla
    Kerry Moncla
    Source: Moodyscre

    Listing Agent: Kerry Moncla

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

    Learn more

    Overview

    Commercial Land Near Interstate 10

    This property features approximately 2.46 acres of commercial land situated on Milam Street, offering very good visibility and exceptional access to Interstate 10 and 11th Street. Located approximately one block from Interstate 10, between IH 10 and 11th Street, the rectangular-shaped tract has approximately 230 feet of frontage along Milam. The property is zoned LI (Light Industrial); verification with the city of Beaumont is recommended. Owner financing is a possibility on a case-by-case basis.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.092618
    Latitude
    30.079785

    Nearby Similar for Sale

    • $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
    • $300,000
      2,440 SF

      Updated Office Building with Yard

      Updated office building with fenced yard near major highways.
      4850 Lafin Rd, Beaumont, TX 77705
      View Details
    • $225,000
      1,456 SF

      Versatile Commercial Space in Beaumont

      1456 sqft commercial property with endless potential for various businesses.
      2474 Broadway, Beaumont, TX 77702
      View Details
    • $800,000
      4,684 SF

      Freestanding Strip Center For Sale

      Freestanding strip center in Beaumont, Texas, remodeled in 2024.
      2745 Washington Blvd, Beaumont, TX 77705
      View Details
    • $495,000
      4,440 SF

      Established Automotive Shop For Sale

      Turn-key automotive shop in Beaumont, TX, serving community for 50+ years.
      1470 North St, Beaumont, TX 77701
      View Details
    • $234,900

      Multi-Unit Commercial Building For Sale

      Multi-unit commercial building with income potential in Beaumont's old town.
      2481-2487 Calder St, Beaumont, TX 77702
      View Details
    • $299,999
      2,960 SF

      Beaumont Duplex with Modern Comfort

      Duplex in Beaumont, Texas, featuring modern comfort and classic charm.
      450 Jackson St, Beaumont, TX 77701
      View Details
    • $132,500
      1,085 SF

      Beaumont Condo with Recent Updates

      Well-maintained 2-bed, 1.5-bath condo in Beaumont ISD.
      1126 Green Meadow St, Beaumont, TX 77706
      View Details
    • $114,019

      Condominiums in Playa del Carmen

      Boutique community of 22 contemporary condominiums in Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      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
    • $144,463

      Boutique Condominiums in Playa del Carmen

      Exclusive community of 22 condos in vibrant Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      View Details
    • $114,019

      Condominiums in Playa del Carmen

      22 contemporary condominiums in the heart of Playa del Carmen.
      32 Y Calle 34, Beaumont, TX 77720
      View Details

    FAQs

    What type of property is this?
    Land - 2.46 acres of commercial land with high visibility.
    Where is this land located?
    The property is located at 0000 Milam St Beaumont, TX.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Prime commercial land with exceptional access to Interstate 10 and 11th St.; - +/- 2.46 Acres of land with high visibility on Milam.; - Zoned LI (Light Industrial) - verify with the city of Beaumont.
    (409) 860-3200
    Request Owner's contact information
    0000 Milam St Beaumont, TX 77701
    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.
    0000 Milam St
    Beaumont, TX 77701
    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
    0000 Milam St Beaumont, TX 77701
    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!
    Listing Contact
    Kerry Moncla
    Kerry Moncla
    Real Estate License ID: 515344
    (409) 860-3200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.