3920 & 3930 Phelan, Beaumont, TX 77707
Retail and office spaces with long-term tenant in place.
- Added:
- Sep 17, 2024
- Days on Market:
- 637
- Last Refresh:
- Jan 20 at 8:14 am
Property Features for 3920 & 3930 Phelan
General Information
- Standard status
- Active
- Size
- 4,660 SF
- Lot size
- 0.48 Acres
Listing agent Ryan Harrington License #0558472 (409) 673-3513
Listing office RE/MAX ONE -- 9000010 (409) 673-3513
Listing date Sep 17, 2024
Source Exprealty
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 RE/MAX ONE -- 9000010
HighLights
- High profile corner lot location at Phelan Boulevard and 24th Street.
- Long‑term tenant (Image 360) in place.
- Multiple structures totaling +\/-4,660 SF (office, shop, heated/cooled shop, detached office).
- Approximately 15,400 SF of concrete area.
- Five total offices.
- 15 parking spaces.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.3k | $19.80 |
| − Vacancy | −$20.3k | −$4.36 |
| EGI | $72.0k | $15.44 |
| − OpEx | −$18.0k | −$3.86 |
| NOI | $54.0k | $11.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Beaumont
- County
- Jefferson
- State
- Texas
- Longitude
- -94.1439
- Latitude
- 30.0847
