Flex Warehouse with
For Sale
Contact for pricing
399 N M L King Jr Pkwy, Beaumont, TX 77701
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 Market233
Property Features for 399 N M L King Jr Pkwy
General Information
Standard status
Active
Size
15,614 SF
Total Parking Spaces
7
Lot size
0.86 Acres
Property subtype
Industrial, Mixed Use, Office
Zoning
GC-MD
Lease Type
NNN
Site & Location
Traffic Count
25,442 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
8
Heavy Power
Yes
Sprinkler System
Yes
Listing Agency:
J M Prewitt Company
Listed By:
J. MILTON PREWITT, SIOR · License #391133
From the agent's profile:
(409) 658-1189, (409) 892-3000
View profile
Source:
Crexi
Added: Mar 12
Changed: Sep 9
Last Checked: Oct 28 at 7:13AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,159
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,103,180
$3.1M
Cap Rate 7%
$2,216,557
$2.2M
Cap Rate 9%
$1,723,989
$1.7M
Market Conditions
NOI Build-Up for 15,614 SF
Gross rent
$262.3K $16.80/SF
− Vacancy
−$23.6K −$1.51/SF
EGI
$238.7K $15.29/SF
− OpEx
−$83.5K −$5.35/SF
NOI
$155.2K $9.94/SF
Area
Beaumont, TX
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,103,180
Cap Rate 7%
$2,216,557
Cap Rate 9%
$1,723,989
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 authorities.
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Current Use
Lease Details
8
Drive-in doors
25,442 VPD
Traffic count
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77701, TX
13,232
Population
5,755
Households
2.3
Avg Household Size
37
Median Age
8%
College-Educated
73%
High-School Grad
6.9 sq mi
ZIP Area
1,918
Density / Sq Mi
$48,711
Median Household Income
$31,347
Median Earnings
$952
Median Rent
$79,000
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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
Frequently Asked Questions
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
