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    Property profile & analytics

    Major Dr Beaumont, TX 77707

    • Retail properties
    • 8.21 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Major Dr

    Lot size
    8.21 lot acres
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 8.21 +/- acre property in Beaumont, Texas, presents a remarkable investment opportunity. Located on South Major Drive in Jefferson County, zip code 77707, this highly visible parcel boasts approximately 707 +/- feet of frontage. Currently zoned R-S (Residential Single Family Dwelling District), prospective buyers are strongly advised to independently verify zoning and confirm intended use compliance with Beaumont's City Zoning Ordinance. The site's strategic location offers easy access to major thoroughfares, including College Street (1.1 +/- miles north), Walden Road (0.9 +/- miles south), and Interstate 10 (3.0 +/- miles south). Its proximity to established retail centers and restaurants enhances its commercial viability. The property's exceptional visibility and accessibility make it ideal for a variety of developments, including multi-family housing, townhomes, assisted living facilities, or professional office space. Across Major Drive, the property sits opposite Focused Care at Summer Place (short-term rehabilitation, long-term care, and post-operative recovery) and Pelican Bay (assisted living and memory care), creating a synergistic environment. The asking price for this significant land parcel is $1,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.1894
    Latitude
    30.0463

    Comparable in this City

    • Value Estimation by Request
      5,705 SF

      335 I-10

      Restaurants • 5,705 SF
      335 I-10, Beaumont, TX 77707
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    • Value Estimation by Request
      6,096 SF

      850 I-10

      Restaurants • 6,096 SF
      850 I-10, Beaumont, TX 77707
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    • Value Estimation by Request
      27,442 SF

      850 I-10

      Individual retail properties • 27,442 SF
      850 I-10, Beaumont, TX 77707
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    • Value Estimation by Request
      0.50 Acres

      850 Pinchback Rd

      Specialty properties • 1,968 SF
      850 Pinchback Rd, Beaumont, TX 77707
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    • Value Estimation by Request
      1,050 SF

      5315 College St

      Medical offices • 1,050 SF
      5315 College St, Beaumont, TX 77707
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    • Value Estimation by Request
      11,000 SF

      6550 College St

      Manufacturing properties • 11,000 SF
      6550 College St, Beaumont, TX 77707
      View Details

    Similar Nearby for Sale

    • $1,400,000
      8.21 Acres

      8.21 Acres Beaumont Retail Land

      Prime Beaumont location, restaurant-zoned land.
      0 Major Dr, Beaumont, TX 77707
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    • $790,000
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      Beaumont Restaurant - $790,000

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    • $3,000,000
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      Prime Beaumont Commercial Land

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      4.00 Acres

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    • $2,500,000
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      Beaumont Commercial Land - 25 Acres

      Prime Beaumont land, ideal for mixed-use development.
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      10 Acres Beaumont Land

      Prime Beaumont residential land, ready to build.
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    Similar Nearby for Lease

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      5,705 SF

      I-10 Beaumont Restaurant Space

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    • $12 SF/Yr
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      Beaumont Office Space For Lease

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    • $12 SF/Yr
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      College Street Warehouses: Beaumont, TX

      Versatile Warehouse Space Available
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    • $9 SF/Yr
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      Beaumont Commercial Land Lease

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    • Contact for pricing
      111,888 SF

      Land Available For Lease

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    • $2,600 /Mo

      Beaumont Land for Fleet Storage

      2-acre partially rocked yard ideal for fleet vehicles/equipment storage.
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    Major Dr
    Beaumont, TX 77707
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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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