Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Land Parcel on Highway Title is generated by Realmo AI

    8615 College Street, Beaumont, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner land parcel with high traffic and visibility.

    Type:LAND
    Lot size:
    3.38 Acres
    Added:
    Nov 1, 2020
    Days on Market:
    2020
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 8615 College Street

    General Information

    Standard status
    Active
    Lot size
    3.38 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Lee Y. Wheeler III
    Lee Y. Wheeler III

    Listing agent Lee Y. Wheeler III License #0467055

    Listing office Wheeler Commercial

    Listing date Nov 1, 2020

    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 Wheeler Commercial

    HighLights

    • Wraps lit corner of Hwy. 90/College and Hwy 364/Major Drive
    • Boasting over 34,700 ADT
    • Fantastic Access and Visibility
    • 370’ of Frontage on Hwy. 364/Major Drive
    • 170’ of Frontage on Hwy. 90/College
    • Cross Access with McDonald’s and ExxpressMart

    Overview

    This property features a corner location at the intersection of Highway 90/College and Highway 364/Major Drive. It offers cross access with a McDonald’s and an ExxpressMart. The site includes 370 feet of frontage on Highway 364/Major Drive and 170 feet of frontage on Highway 90/College, providing access and visibility. The property is zoned GC-MD and sees over 34,700 vehicles daily. It is suitable for financial, retail, restaurant, or hotel development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.192
    Latitude
    30.0661

    Nearby Similar for Sale

    • $110,000

      Prime Beaumont Land Opportunity

      1.25 acre corner lot with development potential in Beaumont.
      5275 Concord, Beaumont, TX 77708-0000
      View Details
    • $160,000

      Two Acre Lot with Building

      Two acre lot with metal building and living quarters.
      3844 S Pine Island Road, Beaumont, TX 77713
      View Details
    • $50,000

      Beaumont Land For Sale

      0.69 acres of land with high visibility.
      3665 Concord Rd, Beaumont, TX 77703
      View Details
    • $49,900
      1,036 SF

      Old Town Beaumont Investment Opportunity

      Mixed-use property in historic Beaumont location, ideal for redevelopment.
      2443 North, Beaumont, TX 77702
      View Details
    • $30,000

      Corner Lot in Beauxart Gardens

      Corner lot with existing slab, driveway, and storage building.
      3538 10th Street, Beaumont, TX 77705-0000
      View Details
    • $99,000

      Residential Lot in Fannett

      Secluded 0.81-acre lot, ideal for a future home.
      10530 Opal St, Beaumont, TX 77705
      View Details
    • $9,500

      Beaumont, TX Vacant Lot

      0.32-acre vacant lot in Beaumont, TX, ready for development.
      2580 Linson Street, Beaumont, TX 77703
      View Details
    • $450,000

      Beaumont Commercial Land Opportunity

      2.4 acres of commercial land in high-traffic Beaumont area.
      0000 College Street, Beaumont, TX 77707
      View Details
    • $45,900

      Vacant Lot Near Shopping

      Vacant lot near Phelan Blvd and Dowlen Rd.
      100 Matthew rd, Beaumont, TX 77706
      View Details
    • $50,000

      Cleared Residential Lot Ready

      Cleared double lot ready for new construction in Beaumont, TX.
      3505 10th Street, Beaumont, TX 77705-0000
      View Details
    • $650,000
      43,841 SF

      Downtown Beaumont Redevelopment Opportunity

      Three-story, 43,841 SF building in Beaumont's Central Business District.
      715 Orleans St, Beaumont, TX 77701
      View Details
    • $85,000

      Raw Land Near Taylor's Bayou

      Just under 2.5 acres of raw land in Beaumont, TX.
      14255 Gray Rd, Beaumont, TX 77705
      View Details

    FAQs

    What type of property is this?
    Land - Corner land parcel with high traffic and visibility.
    Where is this land located?
    The property is located at 8615 College Street Beaumont, TX.
    What is the asking price?
    The asking price for this property is $2,208,495.
    What are key features of this property?
    This property features: Wraps lit corner of Hwy. 90/College and Hwy 364/Major Drive; Boasting over 34,700 ADT; Fantastic Access and Visibility
    (409) 899-3300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lee Y. Wheeler III
    Lee Y. Wheeler III
    Real Estate License ID: 0467055
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8615 College Street, Beaumont, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!