Multifamily Property with Highway
For Sale
$110,000
2192 FM 92, Silsbee, TX 77656
Silsbee, TX
Property Size804 SF
Lot Size2.31 Acres
Price / SF$136.82
Days on Market105
Property Features for 2192 FM 92
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
FM 92 Business North past FM 418. Property on the Right.
Subdivision
Silsbee
Standard status
Active
Size
804 SF
Lot size
2.31 Acres
Taxes and HOA fees
Tax Description
See Exhibit C in Associated Docs
Legal Description
See Exhibit C in Associated Docs
Listing Agency:
Double H Property Management
Listed By:
Reagan Hanna
(409) 893-3233
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 19 at 6:06AM
MLS# 266686
Copyright © 2026 Beaumont Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2.31-acre multifamily property consists of two tracts measuring 1.164 acres and 1.155 acres. HCAD identifies three units that were previously used as rental units, including one frame home and two mobile homes. The property is being offered on a land-only basis, and the condition and status of the structures have not been established.
The site fronts FM 92 in Silsbee, Texas. Utility availability, including city water and sewer or private well and septic systems, should be confirmed for the intended use. Zoning, surveys, and property disclosures are not currently established in the available information.
The site fronts FM 92 in Silsbee, Texas. Utility availability, including city water and sewer or private well and septic systems, should be confirmed for the intended use. Zoning, surveys, and property disclosures are not currently established in the available information.
Key Highlights
- 2.31 acres divided into two tracts: 1.164 acre and 1.155 acre
- FM 92 highway frontage
- HCAD shows 3 units previously used for rental purposes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,385
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,700
$127.7K
Cap Rate 7%
$91,214
$91.2K
Cap Rate 9%
$70,944
$70.9K
Market Conditions
NOI Build-Up for 804 SF
Gross rent
$12.3K $15.36/SF
− Vacancy
−$741 −$0.92/SF
EGI
$11.6K $14.44/SF
− OpEx
−$5.2K −$6.50/SF
NOI
$6.4K $7.94/SF
Area
Hardin County, TX
Vacancy
6.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,700
Cap Rate 7%
$91,214
Cap Rate 9%
$70,944
Alternative Uses
Best Use
Apartment 5plus
$91.2K
$79.8K – $106.4K
NOI $6,385 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$189.9K
$166.1K – $221.5K
NOI $13,291 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 77656, TX
17,199
Population
7,822
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
175.3 sq mi
ZIP Area
98
Density / Sq Mi
$61,084
Median Household Income
$42,031
Median Earnings
$974
Median Rent
$114,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Land-focused multifamily property with three existing structures and direct FM 92 frontage.
Where is this multifamily property located?
The property is located at 2192 FM 92 Silsbee, TX.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 2.31 acres divided into two tracts: 1.164 acre and 1.155 acre; FM 92 highway frontage; HCAD shows 3 units previously used for rental purposes
