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    2671 Broadway Beaumont, TX 77702
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    2671 Broadway Beaumont, TX 77702

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    • Retail properties & Spaces
    • 1,424 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Cut in Time / Hair Salon / Nail Salon

    Property Details for 2671 Broadway

    Year built
    1962
    Property size
    1,424 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.1286
    Latitude
    30.0846

    Comparable in this City

    • Value Estimation by Request
      11,497 SF

      2305 North St

      Office Units • 11,497 SF
      2305 North St, Beaumont, TX 77702
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    • Value Estimation by Request
      6,834 SF

      660 7Th St

      Coworking space • 6,834 SF
      660 7Th St, Beaumont, TX 77702
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    • Value Estimation by Request
      4,339 SF

      2635 I-10

      Individual retail properties • 4,339 SF
      2635 I-10, Beaumont, TX 77702
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    • Value Estimation by Request
      5,909 SF

      2533 Calder Ave

      Office Units • 5,909 SF
      2533 Calder Ave, Beaumont, TX 77702
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    • Value Estimation
      $1,720,000
      42,195 SF

      2929 Calder St

      MEDICAL BUILDING • 42,195 SF
      2929 Calder St, Beaumont, TX 77702-1845
      View Details
    • Value Estimation
      $2,280,000
      14,256 SF

      390 11th St

      MEDICAL BUILDING • 14,256 SF
      390 11th St, Beaumont, TX 77702-1802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,424 SF

      Converted Salon Near Medical Center

      1,424 SF converted home, ideal for salon/office use.
      2671 Broadway, Beaumont, TX 77702
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    • Contact for pricing
      4,339 SF

      Former Bank Branch For Sale

      Former bank branch with drive-thru on I-10 service road.
      2635 I-10 E, Beaumont, TX 77702
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    • $65,000

      Commercial Land on 11th Street

      Approximately 0.40 acres of previously developed commercial land for sale.
      1115 N 11Th St, Beaumont, TX 77702
      View Details
    • $90,000

      Rocked Land Tract For Sale

      0.531 acre tract zoned GC-MD on S. 11th Street.
      150 S 11Th St, Beaumont, TX 77702
      View Details
    • Contact for pricing
      0.17 Acres

      Cleared Lot Ready for Duplex

      Cleared and leveled lot, ideal for duplex construction.
      2570 Mcfaddin St, Beaumont, TX 77702
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    Similar Nearby for Lease

    • Contact for pricing

      Adaptable Commercial Space Available

      Flexible commercial space with easy access and high visibility.
      3050 Rusk St, Beaumont, TX 77702
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    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available for rent.
      2533 Calder Ave, Beaumont, TX 77702
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Office space for rent with utilities and WiFi included.
      2305 North St, Beaumont, TX 77702
      View Details
    • Contact for pricing
      300 SF

      Beaumont Office Space For Rent

      Private office space available in a quiet Beaumont location.
      2305 North St, Beaumont, TX 77702
      View Details
    • $0.75 SF/Yr
      1,550 SF

      Office/Warehouse Complex with Flexible Units

      Multi-tenant office/warehouse complex with centrally located units for lease.
      49-89 Sawyer St, Beaumont, TX 77702
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    • Contact for pricing

      Visible Retail Space Available

      Retail space with high visibility and traffic exposure near HWY 99.
      65 N 11Th St, Beaumont, TX 77702
      View Details
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    2671 Broadway
    Beaumont, TX 77702
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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
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