Retail Property on Phelan
For Sale
Contact for pricing
3920 Phelan Boulevard, Beaumont, TX
Retail property with long-term tenant and multiple buildings.
Property Size4,660 SF
Lot Size0.24 Acres
Price / SF$160.94
Days on Market758
Property Features for 3920 Phelan Boulevard
General Information
Standard status
Active
Size
4,660 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Listing Agency:
RE/MAX ONE
(409) 860-3200
Listed By:
Ryan Harrington · License #0558472
(409) 673-3513
Source:
Moodyscre
Added: Sep 17, 2024
Changed: Aug 8
Last Checked: Aug 13 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ONE
Investment Insights
Based on property information with market context.
Located on the northeast corner of Phelan Boulevard and 24th Street, this property features a long-term tenant, Image 360. The property includes several structures totaling approximately 4,660 square feet. These structures consist of a main office of approximately 2,236 square feet, a shop building of approximately 1,800 square feet, a heated and cooled shop of approximately 336 square feet, and a detached office of approximately 228 square feet. The property has a total of five offices and restrooms located in the larger of the two buildings. The site encompasses approximately 0.48 acres and roughly 15,400 square feet of concrete, with 15 parking spaces.
Key Highlights
- High‑profile corner location on Phelan Boulevard and 24th Street.
- Long‑term tenant (Image 360) in place.
- Versatile usage options with multiple structures totaling +\/-4,660 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,934
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,680
$1.0M
Cap Rate 7%
$741,914
$741.9K
Cap Rate 9%
$577,044
$577.0K
Market Conditions
NOI Build-Up for 4,660 SF
Gross rent
$81.1K $17.40/SF
− Vacancy
−$6.9K −$1.48/SF
EGI
$74.2K $15.92/SF
− OpEx
−$22.3K −$4.78/SF
NOI
$51.9K $11.14/SF
Area
Beaumont, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,680
Cap Rate 7%
$741,914
Cap Rate 9%
$577,044
Alternative Uses
Best Use
Retail
$741.9K
$649.2K – $865.6K
NOI $51,934 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.9K – $1.28M
NOI $77,035 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with long-term tenant and multiple buildings.
Where is this retail space located?
The property is located at 3920 Phelan Boulevard Beaumont, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑profile corner location on Phelan Boulevard and 24th Street.; Long‑term tenant (Image 360) in place.; Versatile usage options with multiple structures totaling +\/-4,660 SF.
