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    6155 Eastex Fwy Beaumont, TX 77706

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    For Lease
    Contact for pricing

    Beaumont, TX retail space; multiple units available.

    Lot size:
    1,278,141 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This exceptional investment opportunity presents multiple retail spaces within the renowned Parkdale Mall in Beaumont, Texas. The mall, a Class A property totaling 1,278,141 square feet, sits on a substantial 146-acre lot and comprises eight buildings with two stories each. Built in 1972 and renovated in 2003, the property offers ample parking with 8,055 spaces. Currently, four retail spaces are available, ranging from 1,589 to 20,487 square feet, providing flexibility for various business needs. The mall features an open-air associated center, enhancing its appeal and accessibility. Recent redevelopment of the former Macy's space now houses DICK'S Sporting Goods, HomeGoods, and ULTA Beauty, demonstrating the property's ongoing revitalization and strong tenant demand. Beaumont's robust economy, driven by its major port, military seaport, and thriving petrochemical and manufacturing sectors, provides a strong foundation for retail success. Major employers like ExxonMobil, BASF, DuPont, Goodyear, and Sunoco, along with the nearby Lamar University (over 15,000 students), contribute to a substantial consumer base. The area's resilient housing market further strengthens the investment potential. This property offers a unique blend of established retail presence and a dynamic economic environment, making it an ideal investment for discerning buyers. Power is available on site. Jefferson County location.

    Property Features for 6155 Eastex Fwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,278,141 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1972/2003
    Buildings
    8
    Stories
    2

    Unit(s) available at that property

    Space
    F-678
    Size
    1,605 SF
    Space
    A-132
    Size
    1,589 SF
    Space
    A-118
    Size
    1,645 SF
    Space
    A-142
    Size
    20,487 SF

    We can help!

    Listing Contact
    Michael Stanley

    Learn more

    Property Insight Report

    HighLights

    • Class A, 1,278,141 SF retail mall on 146 acres in Jefferson County, TX.
    • Multiple tenancy with 4 spaces available ranging from 1,589 SF to 20,487 SF.
    • Eight buildings, two stories each, totaling 8,055 parking spaces. Built in 1972, renovated in 2003.
    • Recent redevelopment includes DICK'S Sporting Goods, HomeGoods, and ULTA Beauty.
    • Strong regional economy driven by major port, petrochemical industry, and significant corporate presence (ExxonMobil, BASF, DuPont, Goodyear, Sunoco).
    • Proximity to Lamar University (15,000+ students) and a resilient housing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Earthbound Clothing Store H&M Clothing Store Maurices Women'S Clothing Store Versona Women'S Clothing Store Torrid Plus Size Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -94.1616977
    Latitude
    30.1240515

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    FAQs

    What type of property is this?
    Retail property - Beaumont, TX retail space; multiple units available.
    Where is this retail property located?
    The property is located at 6155 Eastex Fwy Beaumont, TX.
    What are key features of this property?
    This property features: Class A, 1,278,141 SF retail mall on 146 acres in Jefferson County, TX.; Multiple tenancy with 4 spaces available ranging from 1,589 SF to 20,487 SF.; Eight buildings, two stories each, totaling 8,055 parking spaces. Built in 1972, renovated in 2003.
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    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
    6155 Eastex Fwy Beaumont, TX 77706
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    We can help!
    Listing Contact
    Michael Stanley
    Real Estate License ID: TN
    Learn more
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