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    1101 Longfellow Dr Beaumont, TX 77706

    Sponsored
    For Lease
    $15 SF/Yr ($6,604 /Mo)

    Prime East Houston Office Building, Flexible Suites

    Lot size:
    5,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    The Longfellow Professional Building, a Class B property located in the desirable east Houston submarket, offers exceptional office space opportunities. This two-story building, constructed in 1966 and extensively renovated in 2015, boasts a total of 5,080 square feet across three suites. Currently, 2,000 square feet of space is immediately available, divisible into units ranging from a minimum of 2,500 square feet to a maximum contiguous space of 3,500 square feet. The building features an 8-foot ceiling height throughout, providing ample space and a comfortable working environment. Ample parking is provided with 14 spaces available for tenants and their clients. The property sits on a 0.15-acre lot and is suitable for a variety of office uses, including traditional office, executive office, and medical office spaces. Its central location in east Houston offers convenient access to major transportation routes and local amenities. This is an excellent opportunity for businesses seeking flexible and well-maintained office space in a thriving submarket. The building's recent renovation ensures modern amenities and a comfortable atmosphere for tenants. The available space is ideal for businesses seeking a move-in ready solution with the potential for customization. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 1101 Longfellow Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,080 SF
    Class
    B
    Total Rate
    6604

    Building Details

    Year Built/Renovated
    1966/2015
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,500 SF
    Rate per SF
    $15

    We can help!

    Listing Contact
    Tyler Wharton

    Learn more

    HighLights

    • 5,080 SF Class B office building in east Houston.
    • Multiple suites available, totaling 2,000 SF of vacant space.
    • Spaces range from 2,500 SF to a maximum contiguous 3,500 SF.
    • Building features 14 parking spaces and 8' ceilings.
    • Built in 1966, renovated in 2015, situated on a 0.15‑acre lot.
    • The two‑story building offers traditional, executive, and medical office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office 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
    -94.137115648477
    Latitude
    30.09208269507

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    FAQs

    What type of property is this?
    Medical office - Prime East Houston Office Building, Flexible Suites
    Where is this medical office located?
    The property is located at 1101 Longfellow Dr Beaumont, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 5,080 SF Class B office building in east Houston.; Multiple suites available, totaling 2,000 SF of vacant space.; Spaces range from 2,500 SF to a maximum contiguous 3,500 SF.
    Request Owner's contact information
    1101 Longfellow Dr Beaumont, TX 77706
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    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
    1101 Longfellow Dr Beaumont, TX 77706
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    We can help!
    Listing Contact
    Tyler Wharton
    Real Estate License ID: 123456
    Learn more
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