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

    3025 Hwy 96 Bypass Silsbee, TX 77656

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6.67 acre retail development opportunity in Silsbee, Texas.

    Type:Land
    Lot size:
    6.67 Acres
    Added:
    Nov 22, 2022
    Days on Market:
    1250
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3025 Hwy 96 Bypass

    General Information

    Standard status
    Active
    Lot size
    6.67 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lee Wheeler III, CCIM

    Listing agent Lee Wheeler III, CCIM License #TX 0467055

    Listing office Wheeler Commercial

    Listing date Nov 22, 2022

    Source Crexi

    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 Wheeler Commercial

    Overview

    Silsbee Retail Development Opportunity

    This 6.67-acre property in Silsbee, Texas, presents a retail development opportunity. Located on Highway 96, the site includes approximately 4.16 acres of ponds at the rear, which can be filled or utilized. The property features approximately 647 feet of frontage on Highway 96 and is situated outside the city limits of Silsbee, offering no zoning restrictions. The location is adjacent to Exxpress Mart, within a growth corridor, providing high visibility. An existing curb cut to Highway 96 enhances accessibility. This property is suited for establishing a restaurant, retail store, or other commercial venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Auto Parts Store Garden Center Car Rental Facility Computer & Electronic Repair Clothing & Fashion Store Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Silsbee
    County
    Hardin
    State
    Texas
    Longitude
    -94.16901
    Latitude
    30.324831

    Nearby Similar for Sale

    • $315,000
      4,320 SF

      Silsbee Commercial Property with Warehouse

      Versatile commercial property with renovated office and spacious warehouse.
      8351 Bryant, Silsbee, TX 77656
      View Details
    • $595,000
      2,424 SF

      Silsbee Commercial Property on Highway

      2,424 SF commercial property on 0.604 acres in Silsbee, TX.
      720 S Hwy 96, Silsbee, TX 77656
      View Details
    • $285,000
      7,364 SF

      Silsbee Commercial Property on FM 92

      7,364 SF commercial building on 1.56 acres in Silsbee, TX.
      2852 FM 92, Silsbee, TX 77656
      View Details
    • $149,000
      420 SF

      Turnkey Commercial Property on Highway

      Ready commercial property with highway frontage, ideal for business venture.
      1310 S US HWY 96, Silsbee, TX 77656
      View Details
    • $175,000
      1,500 SF

      Silsbee Commercial Property on FM 92

      1,500 SF shop/office on 1.24 acres in Silsbee, TX.
      2254 FM 92, Silsbee, TX 77656
      View Details
    • $165,000
      1,840 SF

      Silsbee Commercial Property with Offices

      Versatile commercial building with office spaces and fenced yard.
      220 E Ave J, Silsbee, TX 77656
      View Details
    • $595,000

      Blueberry Farm Near Silsbee, Texas

      31.84 acre blueberry farm with processing facility and barns.
      6934 Biscamp Rd, Silsbee, TX 77656
      View Details
    • $288,200

      Silsbee, TX Acreage Opportunity

      2.62 acres with highway frontage, income potential, Silsbee, TX.
      1375 Gentry, Silsbee, TX 77656
      View Details
    • $220,000

      Prime Commercial Land in Silsbee

      2.2 acres on Hwy 327, ideal for retail.
      690 E HWY 327, Silsbee, TX 77656
      View Details
    • $890,000

      178 Acres of Unimproved Land

      178 acres of land near Silsbee, Texas, for development.
      0 Fresenius Rd, Silsbee, TX 77656
      View Details
    • $125,000
      804 SF

      Silsbee Land with Highway Frontage

      2.31 acres with structures, ideal for development.
      2192 FM 92, Silsbee, TX 77656
      View Details
    • $69,499

      Silsbee Land Ready to Build

      2+ acre homesite with utilities in Silsbee, Texas.
      855 Knupple Rd, Silsbee, TX 77656
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.67 acre retail development opportunity in Silsbee, Texas.
    Where is this commercial land located?
    The property is located at 3025 Hwy 96 Bypass Silsbee, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime retail development opportunity on Highway 96.; Located outside city limits with no zoning restrictions.; Generous +/- 647' frontage on Highway 96.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Wheeler III, CCIM
    Real Estate License ID: TX 0467055
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!