Building Details

Floors in Building 1

Flooring type Concrete

Building materials Metal

Listing Agency: JLA Realty Show Phone

Listed By: John Altic · License #0572287 Show Phone

Added: Jul 2 Changed: Sep 7 Last Checked: Oct 7 at 2:06AM

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MLS# 267609

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.

Investment Insights

Based on property information with market context.

This flex-space property at 2949 Main Ave includes two separate shop units totaling approximately 4,788 square feet, with individual areas of approximately 2,088 square feet and 2,700 square feet. The improvements also contain office space, a small lobby, and an efficiency kitchen. Metal construction and concrete flooring support a practical commercial layout, while the large parking area accommodates multiple vehicles, equipment, or fleet storage. The property occupies 0.32 acres in Groves, Texas, and has previously supported auto storage and handyman operations. Its existing combination of shop, office, and parking areas provides a range of functional commercial configurations, including the possibility of multi-tenant occupancy.

Key Highlights

• Two separate shop units measuring approximately 2,088 sqft and 2,700 sqft
• Approximately 4,788 sqft of total property size
• 0.32‑acre commercial property at 2949 Main Ave

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,370

Cap Rate

8.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$487,400 $487.4K

Cap Rate 7%

$348,143 $348.1K

Cap Rate 9%

$270,778 $270.8K

Market Conditions

NOI Build-Up for 4,788 SF

Gross rent

$37.2K $7.76/SF

− Vacancy

−$2.3K −$0.49/SF

EGI

$34.8K $7.27/SF

− OpEx

−$10.4K −$2.18/SF

NOI

$24.4K $5.09/SF

Area

Jefferson County, TX

Vacancy

6.30%

Lease Rate

$7.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$487,400

Cap Rate 7%

$348,143

Cap Rate 9%

$270,778

Alternative Uses

Best Use

Flex RnD

$574.3K

$502.5K – $670.0K (±1% cap)

NOI $40,200 @ 7.0% cap · market cap 14.36%

Second Best

Warehouse

$422.7K

$369.9K – $493.2K (±1% cap)

NOI $29,592 @ 7.0% cap · market cap 10.57%

Theoretical Best

Multifamily LT 5

$53.80M

$47.07M – $62.76M (±1% cap)

NOI $3,765,663 @ 7.0% cap · market cap 1,344.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

222

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77619, TX

17,349

Population

6,885

Households

2.5

Avg Household Size

37

Median Age

13%

College-Educated

87%

High-School Grad

5.4 sq mi

ZIP Area

3,213

Density / Sq Mi

$70,485

Median Household Income

$43,314

Median Earnings

$1,247

Median Rent

$153,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial building with shop, office, lobby, kitchen, and substantial vehicle and equipment parking.

Where is this flex space located?

The property is located at 2949 Main Ave Groves, TX.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Two separate shop units measuring approximately 2,088 sqft and 2,700 sqft; Approximately 4,788 sqft of total property size; 0.32‑acre commercial property at 2949 Main Ave