Office Building with
For Sale
Contact for pricing
1480 Cornerstone Ct, Beaumont, TX 77706
Professional office configuration with private rooms, reception, kitchen, and flexible open work space.
Property Size3,350 SF
Price / SF$194.03
Days on Market196
Property Features for 1480 Cornerstone Ct
General Information
Standard status
Active
Size
3,350 SF
Property subtype
Office
Building Details
Year Built
2005
Buildings
2
Tenancy
Single
Building Size
3,350 SF
Listing Agency:
Bishop Enterprises Inc.
Listed By:
Jared Bishop · License #FSBO
Source:
Crexi
Added: Apr 3
Changed: Oct 8
Last Checked: Oct 14 at 10:58PM
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 Bishop Enterprises Inc.
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Investment Insights
Based on property information with market context.
This 3,350-square-foot office property was built in 2005 and includes a 650-square-foot garage with covered parking positioned at the rear. The interior provides a combination of private offices and collaborative areas, with ten offices, two file rooms, restrooms, a private bathroom, kitchen, reception area, open work area, and attic access via a riser.
The property is situated off Major Drive near Gladys in Beaumont’s west end. Its existing configuration supports professional, legal, and medical office functions, subject to applicable requirements.
The property is situated off Major Drive near Gladys in Beaumont’s west end. Its existing configuration supports professional, legal, and medical office functions, subject to applicable requirements.
Key Highlights
- 3,350 square foot office building constructed in 2005
- 650 square foot garage with adjacent covered rear parking
- Ten offices, two file rooms, restrooms, and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,857
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,140
$777.1K
Cap Rate 7%
$555,100
$555.1K
Cap Rate 9%
$431,744
$431.7K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$72.4K $21.60/SF
− Vacancy
−$7.6K −$2.27/SF
EGI
$64.8K $19.33/SF
− OpEx
−$25.9K −$7.73/SF
NOI
$38.9K $11.60/SF
Area
Beaumont, TX
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,140
Cap Rate 7%
$555,100
Cap Rate 9%
$431,744
Alternative Uses
Best Use
Healthcare Medical
$555.1K
$485.7K – $647.6K
NOI $38,857 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$554.3K
$485.0K – $646.7K
NOI $38,803 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$791.1K
$692.3K – $923.0K
NOI $55,380 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 77706, TX
29,910
Population
14,963
Households
2
Avg Household Size
40
Median Age
46%
College-Educated
94%
High-School Grad
10.1 sq mi
ZIP Area
2,961
Density / Sq Mi
$77,644
Median Household Income
$51,442
Median Earnings
$1,176
Median Rent
$238,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office configuration with private rooms, reception, kitchen, and flexible open work space.
Where is this office building located?
The property is located at 1480 Cornerstone Ct Beaumont, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,350 square foot office building constructed in 2005; 650 square foot garage with adjacent covered rear parking; Ten offices, two file rooms, restrooms, and private bathroom
