Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3700 Eastex Fwy Beaumont, TX 77703

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10.476-acre commercial property with high visibility and development potential.

    Type:Land
    Lot size:
    10.48 Acres
    Added:
    Oct 9, 2023
    Days on Market:
    932
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 3700 Eastex Fwy

    General Information

    Standard status
    Active
    Lot size
    10.48 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lee Wheeler III, CCIM

    Listing agent Lee Wheeler III, CCIM License #TX 0467055

    Listing office Wheeler Commercial

    Listing date Oct 9, 2023

    Source Crexi

    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 Wheeler Commercial

    Overview

    Prime Commercial Land in Beaumont

    This 10.476-acre commercial property in Beaumont, Texas, is zoned GC-MD and offers development opportunities. The property is located adjacent to Home Depot in a major retail area, providing visibility with 438 feet of frontage on Eastex Freeway (Hwy. 69/96/287) and 287 feet of Pinkston Drive frontage. As the largest commercially zoned tract in the area, it offers exposure for business ventures. The property has been environmentally cleaned and cleared, making it ready for development. 2022 taxes were $18,843. The sale and/or lease of motor vehicles and their parts is not permitted via deed-restriction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -94.142224
    Latitude
    30.114706

    Nearby Similar for Sale

    • $110,000

      Prime Beaumont Land Opportunity

      1.25 acre corner lot with development potential in Beaumont.
      5275 Concord, Beaumont, TX 77708-0000
      View Details
    • $52,000

      Beaumont Duplex: Investor Special

      Income-producing duplex in Beaumont, TX, great for investors.
      1655 Prairie Street, Beaumont, TX 77701
      View Details
    • $160,000

      Two Acre Lot with Building

      Two acre lot with metal building and living quarters.
      3844 S Pine Island Road, Beaumont, TX 77713
      View Details
    • $30,000

      Corner Lot in Beauxart Gardens

      Corner lot with existing slab, driveway, and storage building.
      3538 10th Street, Beaumont, TX 77705-0000
      View Details
    • $99,000

      Residential Lot in Fannett

      Secluded 0.81-acre lot, ideal for a future home.
      10530 Opal St, Beaumont, TX 77705
      View Details
    • $9,500

      Beaumont, TX Vacant Lot

      0.32-acre vacant lot in Beaumont, TX, ready for development.
      2580 Linson Street, Beaumont, TX 77703
      View Details
    • $450,000

      Beaumont Commercial Land Opportunity

      2.4 acres of commercial land in high-traffic Beaumont area.
      0000 College Street, Beaumont, TX 77707
      View Details
    • $45,900

      Vacant Lot Near Shopping

      Vacant lot near Phelan Blvd and Dowlen Rd.
      100 Matthew rd, Beaumont, TX 77706
      View Details
    • $2,300,000

      200 Acres Versatile Development Land

      Unrestricted 200-acre tract suitable for various development purposes.
      1369 Walden Road, Beaumont, TX 77707
      View Details
    • $4,250,000

      Beaumont Land Development Opportunity

      500 acre vacant land near major highways for sale.
      10900 Walden Rd, Beaumont, Texas 77706, Beaumont, TX 77706
      View Details
    • $50,000

      Cleared Residential Lot Ready

      Cleared double lot ready for new construction in Beaumont, TX.
      3505 10th Street, Beaumont, TX 77705-0000
      View Details
    • $650,000
      43,841 SF

      Downtown Beaumont Redevelopment Opportunity

      Three-story, 43,841 SF building in Beaumont's Central Business District.
      715 Orleans St, Beaumont, TX 77701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.476-acre commercial property with high visibility and development potential.
    Where is this commercial land located?
    The property is located at 3700 Eastex Fwy Beaumont, TX.
    What is the asking price?
    The asking price for this property is $6,845,018.
    What are key features of this property?
    This property features: Prime commercial property with **exceptional visibility:** 438' frontage on Eastex Freeway (Hwy. 69/96/287) and 287' on Pinkston Drive.; Largest commercially zoned tract in the area, spanning 10.476 acres, offering maximum exposure.; Strategic location adjacent to Home Depot in a major retail area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Wheeler III, CCIM
    Real Estate License ID: TX 0467055
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!