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    Property profile & analytics

    2050 11Th St Beaumont, TX 77703

    • Investment properties
    • 6,260 SF
    • 0.97 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Jan 28, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4155402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Precision Managed IT / Tech Support Center / IT Consulting Firm
    • USA TRUCK INSURANCE AGENCY / Insurance Agency
    • Direct Primary Care of Southeast Texas / Medical Clinic
    • Integrity Wellness / Medical Clinic / Alternative Medicine Practice
    • Ashley Finch, DO / Physician

    Property Details for 2050 11Th St

    Year built
    1972
    Lot size
    0.97 lot acres
    Property size
    6,260 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    257416-000-002250-00000
    APU
    9223372036854775807

    Description

    This single-story, 6,260-square-foot commercial building, located at 2050 N 11th St in Beaumont, TX 77703, offers a variety of office spaces to suit diverse business needs. Built in 1960 and extensively renovated in 2020, the Class B property features seven suites, with 1,500 square feet currently available. Spaces range from a minimum of 300 square feet to a maximum contiguous area of 1,500 square feet, making it ideal for small to medium-sized businesses. The building sits on a 0.97-acre lot and provides ample parking with 50 spaces. The property is conveniently located in the east Houston submarket and offers a variety of office subtypes including executive, medical, traditional, creative, and coworking options. The building boasts a 9-foot ceiling height and provides full-service amenities, including high-speed wifi and utilities, along with 24/7 access for ultimate convenience and flexibility. This secure location offers private and secure office space. The property is categorized as Retail, Office, and Special Purpose.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,110,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $908,000
      Market price range: $453k - $1.35M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $845,000
      Current use
      RESTAURANT
      $730,000
      Change: -14% Conversion: Difficult
      RETAIL STORES
      $700,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.1296
    Latitude
    30.0985
    CBSA code
    13140
    CBSA name
    BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,223
    $70,832
    $229,711
    $300,543
    -
    $70,832
    $229,711
    $300,543

    Comparable in this City

    • Value Estimation by Request
      480 SF

      1995 Gill St

      STORE/OFFICE (MIXED USE) • 480 SF
      1995 Gill St, Beaumont, TX 77703-2909
      View Details
    • Value Estimation by Request
      1,700 SF

      1810 Pne St

      STORE/OFFICE (MIXED USE) • 1,700 SF
      1810 Pne St, Beaumont, TX 77703
      View Details
    • Value Estimation by Request
      35 SF

      2914 Eastex Fwy

      STORE/OFFICE (MIXED USE) • 35 SF
      2914 Eastex Fwy, Beaumont, TX 77703-4641
      View Details
    • Value Estimation
      $4,295,000
      21,840 SF

      2210 Eastex Fwy

      STORE/OFFICE (MIXED USE) • 21,840 SF
      2210 Eastex Fwy, Beaumont, TX 77703-4929
      View Details
    • Value Estimation
      $2,460,000
      12,500 SF

      2980 Toccoa St

      STORE/OFFICE (MIXED USE) • 12,500 SF
      2980 Toccoa St, Beaumont, TX 77703
      View Details
    • Value Estimation
      $4,540,000
      29,056 SF

      2295 Delaware St

      STORE/OFFICE (MIXED USE) • 29,056 SF
      2295 Delaware St, Beaumont, TX 77703-4222
      View Details

    Similar Nearby for Sale

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      Eastex Freeway Land Opportunity

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      Cleared Lots Ready For Building

      Cleared and leveled city lots with convenient access to amenities.
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      Beaumont Land For Sale

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    Similar Nearby for Lease

    • $9 SF/Yr
      2,100 SF

      Beaumont Office Building For Lease

      Prime Beaumont Office Space - 2100 SF
      2580 11Th St, Beaumont, TX 77703
      View Details
    • $10 SF/Yr

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      High-traffic retail space, excellent visibility
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    • $11 SF/Yr
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      I-10 Beaumont Medical Office Building

      Prime East Houston medical office, 6,063 sq ft.
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    • Contact for pricing
      3,998 SF

      Beaumont Office Space Available

      Office space available for lease in Beaumont, Texas.
      2915 Toccoa St, Beaumont, TX 77703
      View Details
    • $14 SF/Yr
      6,260 SF

      East Houston Office Space for Lease

      Modern Beaumont office suites, flexible sizes.
      2050 11Th St, Beaumont, TX 77703
      View Details
    • $12 SF/Yr
      3,264 SF

      Prime Beaumont Executive Office Suite

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    Beaumont, TX 77703
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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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