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    6755 Phelan Blvd Beaumont, TX 77706

    Sponsored
    For Lease
    $14 SF/Yr

    Beaumont, TX Shopping Center - 2 Suites Available

    Lot size:
    4,654 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    Madison Plaza, a well-established strip center in Beaumont, Texas, presents a prime retail opportunity. Located at 6755 Phelan Blvd, in the desirable west end of town, this property offers a strategic advantage, avoiding the congestion of Dowlen Road while benefiting from consistent traffic flow. The center features a total of seven suites, with two currently available, ranging in size from 1,584 to 3,070 square feet. The property boasts a large parking area with multiple access points for convenient customer access and ample parking. The tenant mix includes a diverse range of regional retail, service, and office businesses, creating a vibrant and synergistic environment. Madison Plaza benefits from high visibility due to double-sided pylon sign availability, ensuring strong brand recognition for tenants. The convenient storefront parking further enhances the shopping experience. This established center offers a compelling opportunity for businesses seeking a well-located and highly visible retail space in a thriving Beaumont community. The property is situated in Jefferson County, Texas, with a zip code of 77706.

    Property Features for 6755 Phelan Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,654 SF

    Unit(s) available at that property

    Space
    Madison Plaza Ste 18
    Size
    1,584 SF
    Rate per SF
    $14
    Space
    Madison Plaza Ste 10
    Size
    3,070 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Debbie Cowart
    Debbie Cowart

    Learn more

    Property Insight Report

    HighLights

    • Prime retail opportunity in Beaumont, TX's desirable west end, avoiding Dowlen Road congestion.
    • Seven‑suite strip center with two available suites ranging from 1,584 to 3,070 square feet.
    • Ample parking with multiple access points and high visibility due to double‑sided pylon signage.
    • Strong tenant mix of retail, service, and office businesses in a vibrant, synergistic environment.
    • Located at 6755 Phelan Blvd, Beaumont, TX 77706 (Jefferson County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Children's Dentistry of Beaumont, ... Pediatric Dentist Kids Unlimited Therapy, ... Physical Therapist F L Society Hair Salon Richard Gagne And Associates Financial Planner Align Pilates Club Pilates Studio

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.174203730966
    Latitude
    30.075964695042

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    FAQs

    What type of property is this?
    Lifestyle center - Beaumont, TX Shopping Center - 2 Suites Available
    Where is this lifestyle center located?
    The property is located at 6755 Phelan Blvd Beaumont, TX.
    What is the lease rate?
    The lease rate is $14-$15 SF/Yr.
    What are key features of this property?
    This property features: Prime retail opportunity in Beaumont, TX's desirable west end, avoiding Dowlen Road congestion.; Seven-suite strip center with two available suites ranging from 1,584 to 3,070 square feet.; Ample parking with multiple access points and high visibility due to double-sided pylon signage.
    Request Owner's contact information
    6755 Phelan Blvd Beaumont, TX 77706
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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
    6755 Phelan Blvd Beaumont, TX 77706
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    We can help!
    Listing Contact
    Debbie Cowart
    Debbie Cowart
    Real Estate License ID: TX
    Learn more
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