Flex Warehouse with
399 N M L King Jr Pkwy Beaumont, TX 77701
399 N M L King Jr Pkwy, Beaumont, TX, 77701
Contact for pricing
For Sale
Contact for pricing
Freestanding flex facility offers 11,385 sf warehouse space plus 4,229 sf office, with a fenced yard and canopy.
Property Size15,614 SF
Lot Size0.86 Acres
Price / SF$108.88
Days on Market133
Property Features for 399 N M L King Jr Pkwy
General Information
- Standard status
- Active
- Size
- 15,614 SF
- Lot size
- 0.86 Acres
- Property subtype
- Industrial, Mixed Use, Office
Listing agency
J M Prewitt Company
Listed by
J. MILTON PREWITT, SIOR · License #391133
Source
Crexi
Added: Mar 12 Updated: Jul 20 at 9:19PM Checked: Jul 22 at 12:44PM
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
Investment Insights
Based on property information with market context.
This flex warehouse property includes 11,385 +/- sf of warehouse space and 4,229 +/- sf of office space within a 15,614 +/- sf improvement footprint, totaling 0.86 +/- acres. Improvements feature an elevated canopy, fenced exterior areas, 18’ eave height, and eight (8) grade-level overhead doors. The building is supported by 3-phase electrical service and fire sprinklers.
The site provides easy access to Interstate 10 and is described as centrally located along M.L. King Jr. Parkway. Reported traffic counts include 23,255 vpd on M.L. King between Calder and McFaddin, and 25,442 vpd on M.L. King between Laurel and Liberty.
On-site access and parking include five parking spaces at the front door and two private, secured, and covered parking spaces accessed via the off-site Broadway area. Site security and access features include electric gate entries, a fenced perimeter, and three flag poles.
The site provides easy access to Interstate 10 and is described as centrally located along M.L. King Jr. Parkway. Reported traffic counts include 23,255 vpd on M.L. King between Calder and McFaddin, and 25,442 vpd on M.L. King between Laurel and Liberty.
On-site access and parking include five parking spaces at the front door and two private, secured, and covered parking spaces accessed via the off-site Broadway area. Site security and access features include electric gate entries, a fenced perimeter, and three flag poles.
Key Highlights
- 0.86 +/- acres with 15,614 +/- SF total improvements
- Includes 11,385 +/- SF warehouse plus 4,229 +/- SF office space
- Warehouse features 18’ eave height and (8) OH grade‑level doors
Local Financial Insights For Flex RnD
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 | $262.3k | $16.80 |
| − Vacancy | −$23.6k | −$1.51 |
| EGI | $238.7k | $15.29 |
| − OpEx | −$83.5k | −$5.35 |
| NOI | $155.2k | $9.94 |
15,614 SF · lease $16.80/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.22M
$1.94M – $2.59M
NOI $155,159 @ 7.0% cap · market cap 9.13%
Second Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,574 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,118 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Munro's Uniform Services
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Riverside Catering — 290 Crockett St, Beaumont, TX 77701
- Two Magnolias — 500 Main St, Beaumont, TX 77701
- 1701 Barbecue — 1701 Calder Ave, Beaumont, TX 77701
FAQs
What type of property is this?
Flex space - Freestanding flex facility offers 11,385 sf warehouse space plus 4,229 sf office, with a fenced yard and canopy.
Where is this flex space 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: 0.86 +/- acres with 15,614 +/- SF total improvements; Includes 11,385 +/- SF warehouse plus 4,229 +/- SF office space; Warehouse features 18’ eave height and (8) OH grade‑level doors
