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    Beaumont Warehouse with Secured Parking Title is generated by Realmo AI

    399 N M L King Jr Pkwy, Beaumont, TX

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    Industrial property featuring multiple overhead doors and secured parking.

    Type:INDUSTRIAL
    Property size:
    15,614 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $108/SF
    Added:
    Jul 21, 2025
    Days on Market:
    334
    Last Refresh:
    May 19 at 10:07 pm

    Property Features for 399 N M L King Jr Pkwy

    General Information

    Standard status
    Active
    Size
    15,614 SF
    Lot size
    0.92 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 399 N M L King Jr Pkwy Contact us

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    Listing Contact
    J Milton Prewitt, SIOR

    Listing agent J Milton Prewitt, SIOR

    Listing office J.M. Prewitt Company

    Listing date Jul 21, 2025

    Source Moodyscre

    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

    HighLights

    • Easy access to Interstate 10
    • High traffic counts on M.L. King Jr. Parkway (23,255‑25,442 vpd)
    • 8 overhead doors at grade level
    • 3 phase electrical service
    • Zoned GC‑MD on M.L. King, Jr. Parkway and HI on 1st Street
    • Fire sprinklers

    Overview

    This industrial property, suitable for warehouse use, features eight overhead doors at grade level and three-phase electrical service. The property is equipped with fire sprinklers and is fenced. Five parking spaces are available at the front door, along with two private, secured, and covered parking spaces off of Broadway. The location includes three flag poles and electric gate entries. It is centrally located with easy access to Interstate 10. Traffic counts on M.L. King Jr. Parkway are approximately 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. The property encompasses 15,614 square feet.

    Local Financial Insights For Warehouse

    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 $159.3k $10.20
    − Vacancy −$10.4k −$0.66
    EGI $148.9k $9.54
    − OpEx −$22.3k −$1.43
    NOI $126.6k $8.11
    15,614 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.81M
    $1.58M – $2.11M (±1% cap)
    NOI $126,574 @ 7.0% cap · market cap 7.45%
    Second Best
    Industrial
    $1.66M
    $1.45M – $1.93M (±1% cap)
    NOI $115,878 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Office A
    $3.69M
    $3.23M – $4.30M (±1% cap)
    NOI $258,118 @ 7.0% cap · market cap 15.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Munro's Uniform Services (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Burris Moving & Storage — 660 Fannin St, Beaumont, TX 77701
    • Primco — 740 Fannin St, Beaumont, TX 77701
    • Access - Scanning, Records Storage, and Document Management — 740 Fannin St, Beaumont, TX 77701

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.111
    Latitude
    30.0854

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    FAQs

    What type of property is this?
    Warehouse - Industrial property featuring multiple overhead doors and secured parking.
    Where is this warehouse located?
    The property is located at 399 N M L King Jr Pkwy Beaumont, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Easy access to Interstate 10; High traffic counts on M.L. King Jr. Parkway (23,255‑25,442 vpd); 8 overhead doors at grade level
    (409) 658-1189 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    J Milton Prewitt, SIOR
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