Former Bank Branch For
For Sale
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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 Market768
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: Sep 4
Last Checked: Aug 31 at 10:36PM
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
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 = 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
$55,989
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
6.59%
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%
$1,119,780
$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
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
$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 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%
$1,119,780
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
