Mixed-Use Property on MLK
For Sale
Contact for pricing
301 N M L King Jr Pkwy, Beaumont, TX 77701
Mixed-use property with warehouse and office/retail space for sale.
Property Size10,000 SF
Lot Size0.91 Acres
Price / SF$110
Days on Market153
Property Features for 301 N M L King Jr Pkwy
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.91 Acres
Property subtype
Industrial, Mixed Use, Office
Zoning
GC-MD
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Listing Agency:
J M Prewitt Company
Listed By:
J. MILTON PREWITT, SIOR · License #391133
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 10 at 10:29AM
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 J M Prewitt Company
Investment Insights
Based on property information with market context.
This mixed-use property features approximately 10,000 square feet of improvements on 0.91 acres. The improvements include approximately 1,702 square feet of office/retail area and approximately 8,298 square feet of warehouse space, along with a 2,400 square foot canopy and a 750 square foot drive-thru canopy. The warehouse has an 18-foot eave height and seven overhead doors at grade level. It is equipped with 3-phase electrical service, a natural gas generator, and fire sprinklers. The property is fenced and has electric gate entries. It is centrally located with easy access to Interstate 10. Traffic counts on M.L. King, Jr. Parkway are 23,255 vehicles per day north of Calder and south of McFaddin, and 25,442 vehicles per day north of Laurel and south of Liberty. The zoning is GC-MD on M.L. King, Jr. Parkway and HI on 1st Street. An adjacent property at 399 N. M.L. King, Jr. Parkway, consisting of approximately 15,614 square feet on 0.86 acres, is also available for lease.
Key Highlights
- Centrally located with easy access to Interstate 10 and high traffic counts on M.L. King, Jr. Parkway.
- Substantial 10,000 +/- sf improvements including office/retail area, warehouse, and canopies.
- Features 18’ eave height, (7) overhead doors at grade level, and 3‑phase electrical service.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,621,300
$1.6M
Cap Rate 7%
$1,158,071
$1.2M
Cap Rate 9%
$900,722
$900.7K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.0K $10.20/SF
− Vacancy
−$6.6K −$0.66/SF
EGI
$95.4K $9.54/SF
− OpEx
−$14.3K −$1.43/SF
NOI
$81.1K $8.11/SF
Area
Beaumont, TX
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,621,300
Cap Rate 7%
$1,158,071
Cap Rate 9%
$900,722
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,830 @ 7.0% cap · market cap 10.53%
Second Best
Mixed Use
$1.65M
$1.44M – $1.93M
NOI $115,500 @ 7.0% cap · market cap 10.50%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,312 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 77701, TX
13,232
Population
5,755
Households
2.3
Avg Household Size
37
Median Age
8%
College-Educated
73%
High-School Grad
6.9 sq mi
ZIP Area
1,918
Density / Sq Mi
$48,711
Median Household Income
$31,347
Median Earnings
$952
Median Rent
$79,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with warehouse and office/retail space for sale.
Where is this mixed-use property located?
The property is located at 301 N M L King Jr Pkwy Beaumont, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Centrally located with easy access to Interstate 10 and high traffic counts on M.L. King, Jr. Parkway.; Substantial 10,000 +/- sf improvements including office/retail area, warehouse, and canopies.; Features **18’ eave height**, (7) overhead doors at grade level, and **3‑phase electrical service**.
