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    3420 Plz Cir Beaumont, TX 77707

    For Sale
    $3,320,000

    High-yield medical office, strong NOI.

    Property size:
    33,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 33,200-square-foot executive office building in Beaumont, Texas, presents a compelling investment opportunity. Currently operating at 100% occupancy as a single-tenant, Community Based Outpatient Clinic (CBOC) for the U.S. Department of Veterans Affairs, the property boasts a strong net operating income (NOI) of $377,428 and an attractive cap rate of 11.68%. Priced at $3,320,000 ($100/sq ft), this Class A medical clinic is valued below replacement cost, offering significant potential for future appreciation. Located at 3420 Plaza Cir, Beaumont, TX 77707, in Jefferson County, this property benefits from its location in a thriving metropolitan area, home to Lamar University and a substantial veteran population. While the VA is exploring the construction of a new facility, the existing lease provides a secure income stream, creating a covered land play with potential for redevelopment. The property's strong cash flow, combined with Texas's income tax-free status, makes this an attractive investment in a prime location. The potential for future development, coupled with the current stable income, makes this a unique opportunity for discerning investors. The building's high-quality construction and amenities further enhance its appeal.

    Property Features for 3420 Plz Cir

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    33,200 SF

    HighLights

    • Below Replacement Cost Opportunity
    • Significant Redevelopment Potential
    • High‑Quality Medical Office Building
    • Located in a Tax‑Free State
    • Excellent Cash Flow
    • Desirable, Amenity‑Rich Neighborhood
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.1394157
    Latitude
    30.0772745

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield medical office, strong NOI.
    Where is this office property / space located?
    The property is located at 3420 Plz Cir Beaumont, TX.
    What is the asking price?
    The asking price for this property is $3,320,000.
    What are key features of this property?
    This property features: Below Replacement Cost Opportunity; Significant Redevelopment Potential; High-Quality Medical Office Building
    Request Owner's contact information
    3420 Plz Cir Beaumont, TX 77707
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    Realmo Value Estimation

    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.

    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.

    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
    3420 Plz Cir Beaumont, TX 77707
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