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

    3205 Illinois St Baytown, TX 77520

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Fourplex near ExxonMobil; one unit occupied, three vacant.

    Lot size:
    0.15 Acres

    Property Features for 3205 Illinois St

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.15 Acres

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Jude Nassar
    Source: Elliman

    Listing Agency: Growth Luxury Realty Listing Agent: Jude Nassar

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

    Learn more

    Overview

    Baytown Fourplex Near ExxonMobil Plant

    This fourplex is located just minutes away from the ExxonMobil plant. Currently, one of the four units is occupied. The remaining three units are vacant and require renovation work following tenant departures. The property benefits from a convenient location with close proximity to the freeway.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center Kitchen & Bath Showroom Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Baytown
    County
    Chambers
    State
    Texas
    Longitude
    -95.0056638
    Latitude
    29.7277192

    Nearby Similar for Sale

    • $849,500
      4,000 SF

      Baytown Warehouse on Large Lot

      Versatile 4,000 SF warehouse on 5.49 acres in Baytown.
      427 Procter Rd, Baytown, TX 77521
      View Details
    • $650,000

      Baytown Commercial Property on Highway

      Commercial property in the heart of Baytown, Texas.
      3733 State Highway 146 N, Baytown, TX
      View Details
    • $595,000
      4,454 SF

      Baytown Arts District Commercial Property

      Multi-unit commercial property in Baytown's Arts & Entertainment District.
      207 W Defee St, Baytown, TX
      View Details
    • $319,000

      Four-Unit Multifamily Property

      Multifamily property featuring a main house and three apartments.
      3125 Illinois St, Baytown, TX 77520
      View Details
    • $600,000

      Renovated Multifamily Property Near Baytown

      Turnkey, fully furnished six-unit property near industrial plants.
      905 E Fayle St, Baytown, TX 77520
      View Details
    • $325,000
      5,000 SF

      Baytown Retail Building For Sale

      5,000 sq ft building needing total rehab.
      101 Texas Ave, Baytown, TX 77520
      View Details
    • $750,000
      7,180 SF

      Baytown Office/Industrial Building For Sale

      7,180 SF building on 0.6621 acre in Baytown, TX.
      313 State Highway 146 South, Baytown, TX
      View Details
    • $280,000

      Leased Triplex in Baytown, Texas

      Leased triplex with positive income in Baytown, Texas.
      3412 Lantern Ln, Baytown, TX 77521
      View Details
    • $4,750,000
      17,952 SF

      Baytown Automotive Sales Facility Available

      Former car dealership location on I-10 in Baytown, Texas.
      4221 East Fwy, Baytown, TX 77521
      View Details
    • Contact for pricing
      5,280 SF

      Baytown Office Building For Sale

      5,280 SF office building in Baytown, TX.
      2717 W Baker Rd, Baytown, TX 77521
      View Details
    • Contact for pricing
      1,924 SF

      Baytown Office Space For Sale

      Office property with 1924 square feet available for purchase.
      1320 Market St, Baytown, TX 77520
      View Details
    • $175,000
      2,900 SF

      Baytown Retail Space Opportunity

      Retail space for sale across from Baytown Town Square.
      218 W Texas Ave, Baytown, TX 77520
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex near ExxonMobil; one unit occupied, three vacant.
    Where is this quadplex located?
    The property is located at 3205 Illinois St Baytown, TX.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Proximity to EXXON-Mobile plant.; - Fourplex property.; - Convenient location close to freeway.
    (702) 866-0053
    Request Owner's contact information
    3205 Illinois St Baytown, TX 77520
    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.
    3205 Illinois St
    Baytown, TX 77520
    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
    3205 Illinois St Baytown, TX 77520
    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
    Jude Nassar
    Real Estate License ID: B.1002166
    (702) 866-0053 (346) 300-8305
    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!