Office/Warehouse Building on Eastex
For Sale
Contact for pricing
7415 Eastex Freeway Plaza, Beaumont, TX 77708
Office and warehouse space with ample parking on 5.5 acres.
Property Size7,048 SF
Lot Size5.56 Acres
Price / SF$156.07
Days on Market995
Property Features for 7415 Eastex Freeway Plaza
General Information
Standard status
Active
Size
7,048 SF
Lot size
5.56 Acres
Property subtype
Industrial
Building Details
Year Built
2004
Listing Agency:
KW Commercial Houston Metropolitan
(713) 489-7632
Listed By:
Etha Eglin · License #Tx 676962
Source:
Crexi
Added: Nov 15, 2023
Changed: Jul 6
Last Checked: Aug 5 at 1:58PM
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 KW Commercial Houston Metropolitan
Investment Insights
Based on property information with market context.
This 7,048 square foot building, formerly the American Heart Association headquarters, offers a combination of office and warehouse space on approximately 5.5 acres. A 40’ x 120’ section of the building is configured as office suites, while the remaining rear portion, measuring 27’ x 54’-6”, serves as an open warehouse. The building features a 24’ x 24’ foundation beam with an added 5/8” layer, R-11 exterior wall insulation, and 3.5” fiberglass wall insulation for soundproofing. It is equipped with a fire/smoke alarm system with a main panel and sensors, as well as a building security system. Climate control is provided by two 4-ton HVAC heat pumps. The electrical system is 120/208 volt, three-phase power. Flooring materials include marble, sassafras wood, porcelain, and ceramic. The property is suitable for single or multi-tenant use and is situated on the highest elevation in the city according to FEMA Base Flood Elevation. The office building comprises approximately 6,368 square feet, while the warehouse building covers around 680 square feet.
Key Highlights
- Prime location with ample parking and highest elevation in the city (FEMA Base Flood Elevation).
- Suitable for single or multi‑tenant use.
- +/- 6,368 SF Office Building and +/- 680 SF Warehouse Building (total +/- 7,048 SF).
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
$81,637
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
7.42%
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%
$1,632,740
$1.6M
Cap Rate 7%
$1,166,243
$1.2M
Cap Rate 9%
$907,078
$907.1K
Market Conditions
NOI Build-Up for 7,048 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
$139.6K $19.80/SF
− Vacancy
−$30.7K −$4.36/SF
EGI
$108.8K $15.44/SF
− OpEx
−$27.2K −$3.86/SF
NOI
$81.6K $11.58/SF
Area
Beaumont, TX
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,632,740
Cap Rate 7%
$1,166,243
Cap Rate 9%
$907,078
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,637 @ 7.0% cap · market cap 7.42%
Second Best
Flex RnD
$1.00M
$875.5K – $1.17M
NOI $70,037 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,512 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77708, TX
12,478
Population
5,505
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
1,076
Density / Sq Mi
$59,865
Median Household Income
$36,289
Median Earnings
$1,056
Median Rent
$167,100
Median Home Value
Market
Vacancy Rate% for Office 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 - Office and warehouse space with ample parking on 5.5 acres.
Where is this flex space located?
The property is located at 7415 Eastex Freeway Plaza Beaumont, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location with ample parking and highest elevation in the city (FEMA Base Flood Elevation).; Suitable for single or multi‑tenant use.; +/- 6,368 SF Office Building and +/- 680 SF Warehouse Building (total +/- 7,048 SF).
