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Property profile & analytics
OFF-MARKET
Auto shops
2005 Magnolia St Beaumont, TX 77703-5519
Individually Owned
Free & Clear
Property ID
US82-2663439
Property summary
AI-generated overview
This versatile Beaumont, Texas commercial property, located at 2005 Magnolia Street, offers 3,595 square feet of space across two single-story buildings on a 0.52-acre lot (150ft x 150ft). Each building has its own electric meter. The main building features a recently repaired roof with a WPI-8 in place. Currently zoned General Commercial (GC-MD) by the City of Beaumont, this property allows for a wide range of commercial uses. Built in 1938, this Class C property includes 3,595 square feet of net rentable space, ideal for an auto shop, convenience store, or storefront. The asking price is $50,000. While some work may be needed to meet current city codes, the seller is motivated to sell. This presents a unique opportunity for investors or business owners seeking a prime location in a busy area of Beaumont. The property's location at the northwest corner of Magnolia Street and Isla Avenue provides excellent visibility and accessibility.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1938
Total area
3,099 SF
Lot
0.32 ac (13,983 SF)
APN
046650-000-056900-00000
UPID
US82-2663439
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
CHARLES LEE REESE
CHARLES LEE REESE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Beaumont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaumont submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$260
Tax year 2023
Assessed value
$10,820
Assessed 2023
Previous assessed
$10,820
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$8,820
Assessed improvement
$2,000
Land market value
$8,820
Improvement market value
$2,000
Total market value
$10,820
Applied tax rate
101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1938
Heating
NONE
Stories
2
Total area
3,099 SF
Lot
0.32 ac (13,983 SF)
APN
046650-000-056900-00000
UPID
US82-2663439
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
CHARLES LEE REESE
Individual
Free & Clear · 0 yrs held
Mailing address
2005 MAGNOLIA ST, BEAUMONT, TX 77703-5519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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