Light Industrial Flex
For Sale
Contact for pricing
5990 College Street, Beaumont, TX 77707
Flex and light industrial improvements totaling about 6,000 SF sit on nearly 2 acres with frontage on two major roads.
Property Size6,000 SF
Lot Size1.96 Acres
Price / SF$166.67
Days on Market98
Property Features for 5990 College Street
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.96 Acres
Property subtype
Office, Industrial, Land
Zoning
Light Industrial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
J M Prewitt Company
Listed By:
J. MILTON PREWITT, SIOR · License #391133
Source:
Crexi
Added: Jun 2
Changed: Aug 22
Last Checked: Sep 7 at 10:55AM
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 J M Prewitt Company
Investment Insights
Based on property information with market context.
The property includes approximately 6,000 square feet of improvements on 1.96 +/- acres. It is zoned Light Industrial and is presented as a good fit for an industrial sales and service facility, with frontage on College Street and Langham Road.
The site is positioned for accessibility to major transportation routes, including Interstate 10, U.S. Highway 69/96/287, and Major Drive (Highway 364), supporting straightforward logistics and customer access for light industrial uses.
With its light industrial zoning and road frontage on two streets, the property provides a practical configuration for businesses that need both functional space and direct roadway presence.
The site is positioned for accessibility to major transportation routes, including Interstate 10, U.S. Highway 69/96/287, and Major Drive (Highway 364), supporting straightforward logistics and customer access for light industrial uses.
With its light industrial zoning and road frontage on two streets, the property provides a practical configuration for businesses that need both functional space and direct roadway presence.
Key Highlights
- Approximately 6,000 SF of flex and light industrial improvements
- Sits on 1.96 +/- acres
- Frontage on College Street (Highway 90) and Langham Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,623
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,192,460
$1.2M
Cap Rate 7%
$851,757
$851.8K
Cap Rate 9%
$662,478
$662.5K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$100.8K $16.80/SF
− Vacancy
−$9.1K −$1.51/SF
EGI
$91.7K $15.29/SF
− OpEx
−$32.1K −$5.35/SF
NOI
$59.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,192,460
Cap Rate 7%
$851,757
Cap Rate 9%
$662,478
Alternative Uses
Best Use
Flex RnD
$851.8K
$745.3K – $993.7K
NOI $59,623 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$636.1K
$556.6K – $742.1K
NOI $44,528 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,187 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex and light industrial improvements totaling about 6,000 SF sit on nearly 2 acres with frontage on two major roads.
Where is this flex space located?
The property is located at 5990 College Street Beaumont, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 6,000 SF of flex and light industrial improvements; Sits on 1.96 +/- acres; Frontage on College Street (Highway 90) and Langham Road
