Redevelopment Opportunity on High-Traffic
For Sale
$790,000
3987 College St, Beaumont, TX 77707
High-visibility site on Hwy 90, ideal for redevelopment.
Property Size3,444 SF
Lot Size0.91 Acres
Price / SF$229.38
Days on Market205
Property Features for 3987 College St
General Information
Standard status
Active
Size
3,444 SF
Lot size
0.91 Acres
Property subtype
Land
Listing Agency:
RE/MAX ONE
Listed By:
Ryan Harrington · License #0558472
(409) 673-3513
Source:
Exprealty
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 15 at 2:55AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an excellent redevelopment opportunity on a 0.908 acre site located on Hwy 90 (College Street), providing easy access to Interstate 10. The location benefits from high traffic and great visibility. It is situated next to a Chevron C-Store and is in close proximity to several motels, Beaumont Emergency Hospital, various fast food establishments, and other restaurants. The property includes a 3,444 square foot space.
Key Highlights
- Excellent location on Hwy 90 (College Street) with easy access to Interstate 10.
- High traffic location with great visibility.
- +/- .908 acre site suitable for redevelopment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,382
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,640
$767.6K
Cap Rate 7%
$548,314
$548.3K
Cap Rate 9%
$426,467
$426.5K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$59.9K $17.40/SF
− Vacancy
−$5.1K −$1.48/SF
EGI
$54.8K $15.92/SF
− OpEx
−$16.4K −$4.78/SF
NOI
$38.4K $11.14/SF
Area
Beaumont, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,640
Cap Rate 7%
$548,314
Cap Rate 9%
$426,467
Alternative Uses
Best Use
Retail
$548.3K
$479.8K – $639.7K
NOI $38,382 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$813.3K
$711.7K – $948.9K
NOI $56,933 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 77707, TX
17,509
Population
7,312
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
14.2 sq mi
ZIP Area
1,233
Density / Sq Mi
$73,782
Median Household Income
$41,091
Median Earnings
$1,244
Median Rent
$162,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - High-visibility site on Hwy 90, ideal for redevelopment.
Where is this retail space located?
The property is located at 3987 College St Beaumont, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Excellent location on Hwy 90 (College Street) with easy access to Interstate 10.; High traffic location with great visibility.; +/- .908 acre site suitable for redevelopment.
