Former Bank Branch For
For Sale
Contact for pricing
2635 I-10 E, Beaumont, TX 77702
Former bank branch with drive-thru on I-10 service road.
Property Size4,339 SF
Price / SF$195.90
Days on Market813
Property Features for 2635 I-10 E
General Information
Standard status
Active
Size
4,339 SF
Total Parking Spaces
29
Property subtype
Retail
Listing Agency:
SHOP Companies Dallas
Listed By:
Jay Ceitlin · License #TX
(214) 693-9222
Source:
Crexi
Added: Aug 1, 2024
Changed: Oct 22
Last Checked: Oct 20 at 6:17PM
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 SHOP Companies Dallas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This former bank branch is located on the service road of I-10, east of 11th Street in Beaumont, Texas. The property includes a pylon sign visible from the freeway. It features 4 drive-thru lanes, a drive-up ATM, and a vault. The property size is 4339 square feet.
Key Highlights
- Pylon sign visible from I‑10 freeway
- Located on I‑10 service road
- Four drive‑thru lanes provide convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,989
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,780
$1.1M
Cap Rate 7%
$799,843
$799.8K
Cap Rate 9%
$622,100
$622.1K
Market Conditions
NOI Build-Up for 4,339 SF
Gross rent
$80.7K $18.60/SF
− Vacancy
−$6.1K −$1.40/SF
EGI
$74.7K $17.21/SF
− OpEx
−$18.7K −$4.30/SF
NOI
$56.0K $12.90/SF
Area
Beaumont, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,780
Cap Rate 7%
$799,843
Cap Rate 9%
$622,100
Alternative Uses
Best Use
Specialty Retail
$799.8K
$699.9K – $933.2K
NOI $55,989 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$690.8K
$604.5K – $806.0K
NOI $48,357 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.02M
$896.6K – $1.20M
NOI $71,729 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 77702, TX
2,682
Population
1,624
Households
1.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
1.2 sq mi
ZIP Area
2,235
Density / Sq Mi
$67,344
Median Household Income
$43,587
Median Earnings
$1,141
Median Rent
$141,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - Former bank branch with drive-thru on I-10 service road.
Where is this bank located?
The property is located at 2635 I-10 E Beaumont, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Pylon sign visible from I‑10 freeway; Located on I‑10 service road; Four drive‑thru lanes provide convenient access
