Move-In Ready Medical Office
For Sale
Contact for pricing
3560 DELAWARE ST, Beaumont, TX 77706
Move-in ready medical or professional office with multiple exam rooms, labs, and a large reception and waiting area.
Property Size1,499 SF
Price / SF$196.80
Days on Market49
Property Features for 3560 DELAWARE ST
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Multifamily, Special Purpose
Building Details
Stories
1
Listing Agency:
Coldwell Banker Southern Homes
(409) 454-3227
Listed By:
Barbara Kearns · License #TX
Source:
Crexi
Added: Jul 13
Changed: Aug 21
Last Checked: Aug 29 at 8:35AM
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 Coldwell Banker Southern Homes
Investment Insights
Based on property information with market context.
Move-in ready medical or professional office located in Delaware Office Park. The space is beautifully designed with tile floors and modern finishes throughout. The large office combines two suites for a total of 4,065 sq. ft., including a very large reception and patient waiting area, nine exam rooms, two labs, an executive office, and 12 employee workstations. The layout also includes six bathrooms, numerous supply closets, and several exterior entrances.
The configuration can be used as a single operation or easily adapted to become two separate offices. Three whole-office Generac generators are included.
The configuration can be used as a single operation or easily adapted to become two separate offices. Three whole-office Generac generators are included.
Key Highlights
- Move‑in ready medical or professional office in Delaware Office Park with 4,065 SF across two combined suites
- Includes a very large reception and patient waiting area, plus 9 exam rooms and an executive office
- Features 2 labs and 12 employee work stations, with numerous supply closets for day‑to‑day operations
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
$17,387
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
5.89%
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%
$347,740
$347.7K
Cap Rate 7%
$248,386
$248.4K
Cap Rate 9%
$193,189
$193.2K
Market Conditions
NOI Build-Up for 1,499 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
$32.4K $21.60/SF
− Vacancy
−$3.4K −$2.27/SF
EGI
$29.0K $19.33/SF
− OpEx
−$11.6K −$7.73/SF
NOI
$17.4K $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 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%
$347,740
Cap Rate 7%
$248,386
Cap Rate 9%
$193,189
Alternative Uses
Best Use
Healthcare Medical
$248.4K
$217.3K – $289.8K
NOI $17,387 @ 7.0% cap · market cap 5.89%
Second Best
Office B
$248.0K
$217.0K – $289.4K
NOI $17,363 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$354.0K
$309.8K – $413.0K
NOI $24,780 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in ready medical or professional office with multiple exam rooms, labs, and a large reception and waiting area.
Where is this medical office space located?
The property is located at 3560 DELAWARE ST Beaumont, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Move‑in ready medical or professional office in Delaware Office Park with 4,065 SF across two combined suites; Includes a very large reception and patient waiting area, plus 9 exam rooms and an executive office; Features 2 labs and 12 employee work stations, with numerous supply closets for day‑to‑day operations
