Redevelopment Opportunity on High-Traffic
3987 College St Beaumont, TX 77707
3987 College St, Beaumont, TX, 77707
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For Sale
Contact for pricing
High-visibility site on Hwy 90, ideal for redevelopment.
Property Size3,444 SF
Lot Size0.91 Acres
Price / SF$229.38
Days on Market1025
Property Features for 3987 College St
General Information
- Standard status
- Active
- Size
- 3,444 SF
- Lot size
- 0.91 Acres
- Property subtype
- Retail
Listing Agency
RE/MAX One - Beaumont
(409) 892-7245
Listed by
Ryan Harrington · License #TX 0558472
Source
Crexi
Added: Sep 27, 2023 Checked: Jul 16 at 3:06 am
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 RE/MAX One - Beaumont
Investment Insights
Based on property information with market context.
This property offers an excellent redevelopment opportunity on a 0.908 acre site located on Hwy 90 (College Street), providing easy access to Interstate 10. The location benefits from high traffic and great visibility. It is situated next to a Chevron C-Store and is in close proximity to several motels, Beaumont Emergency Hospital, various fast food establishments, and other restaurants. The property includes a 3,444 square foot space.
Key Highlights
- Excellent location on Hwy 90 (College Street) with easy access to Interstate 10.
- High traffic location with great visibility.
- +/- .908 acre site suitable for redevelopment.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $17.40 |
| − Vacancy | −$5.1k | −$1.48 |
| EGI | $54.8k | $15.92 |
| − OpEx | −$16.4k | −$4.78 |
| NOI | $38.4k | $11.14 |
3,444 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$548.3K
$479.8K – $639.7K
NOI $38,382 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$813.3K
$711.7K – $948.9K
NOI $56,933 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-visibility site on Hwy 90, ideal for redevelopment.
Where is this retail space located?
The property is located at 3987 College St Beaumont, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Excellent location on Hwy 90 (College Street) with easy access to Interstate 10.; High traffic location with great visibility.; +/- .908 acre site suitable for redevelopment.
