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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2660 Sweetgum Ln Beaumont, TX 77703

    • Investment properties
    • 3,000 SF
    • 0.45 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    May 02, 2024
    Value Estimations
    $285,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0245946
    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

    • Texas Lloyd, LLC / Educational Consultant
    • Jessica Sanchez, LPC / Doctor
    • Gene Arnold Enterprises / Business Management Consultant

    Property Details for 2660 Sweetgum Ln

    Year built
    1984
    Lot size
    0.45 lot acres
    Property size
    3,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    257416-000-008100-00000
    APU
    9223372036854775807

    Description

    This exceptional 3,264 square foot freestanding executive office building is ideally situated on Sweetgum Lane, conveniently close to N. 11th Street, Interstate 10, and the Eastex Freeway, offering unparalleled access to Beaumont's central business district. The property boasts a unique history as a former vault, resulting in robust construction featuring concrete floors, exterior walls, and ceilings, ensuring durability and security. The thoughtfully designed layout includes six private offices, highlighted by an expansive executive suite complete with a wet bar and an adjoining conference room, perfect for high-level meetings and client presentations. A spacious waiting area, equipped with a convenient pay/receiving window, enhances client interaction. A well-appointed kitchen, featuring granite countertops, adds a touch of modern convenience. This single-tenant property presents a rare opportunity to acquire a meticulously maintained, secure, and conveniently located executive office space in a prime Beaumont location. The building's solid construction and desirable features make it an ideal investment for discerning professionals seeking a prestigious and functional workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $405,000
      Current use
      RETAIL STORES
      $335,000
      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
    -94.1291
    Latitude
    30.0976
    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
    $5,224
    $14,767
    $202,605
    $217,372
    -
    $14,767
    $202,605
    $217,372

    Comparable in this City

    • Value Estimation
      $220,000
      789 SF

      2914 Eastex Fwy

      STORE/OFFICE (MIXED USE) • 789 SF
      2914 Eastex Fwy, Beaumont, TX 77703-4641
      View Details
    • Value Estimation
      $355,000
      7,500 SF

      2610 Sweetgum Ln

      STORE/OFFICE (MIXED USE) • 7,500 SF
      2610 Sweetgum Ln, Beaumont, TX 77703-4926
      View Details
    • Value Estimation
      $285,000
      3,815 SF

      2580 11th St

      STORE/OFFICE (MIXED USE) • 3,815 SF
      2580 11th St, Beaumont, TX 77703-4604
      View Details
    • Value Estimation
      $280,000
      1,744 SF

      2740 11th St

      STORE/OFFICE (MIXED USE) • 1,744 SF
      2740 11th St, Beaumont, TX 77703-4608
      View Details
    • Value Estimation
      $290,000
      3,603 SF

      2860 Interstate 10th E

      STORE/OFFICE (MIXED USE) • 3,603 SF
      2860 Interstate 10th E, Beaumont, TX 77703-4922
      View Details
    • Value Estimation
      $210,000
      936 SF

      2182 Eastex Fwy

      STORE/OFFICE (MIXED USE) • 936 SF
      2182 Eastex Fwy, Beaumont, TX 77703-4959
      View Details

    Similar Nearby for Sale

    • $139,900
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      Beaumont Retail Building - $139,900

      Prime Beaumont commercial space, 1800 sq ft.
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    • Contact for pricing
      49,776 SF

      Beaumont Medical Office Building

      70-bed hospital, 49,776 SF, prime location
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    • $175,000
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      Prime Beaumont Commercial Land

      37 Acres, High Visibility, $175,000
      2987 Concord Rd, Beaumont, TX 77703
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    • $6,845,018

      Eastex Fwy Beaumont Land

      10 Acres, Prime Commercial Land
      3700 Eastex Fwy, Beaumont, TX 77703
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Beaumont, Texas.
      4810 Galveston St, Beaumont, TX 77703
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    • $125,000
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      Freestanding Commercial Building For Sale

      Freestanding commercial building with drive-through, ideal for restaurant use.
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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

      Eastex Freeway Retail Center

      High-traffic retail space, excellent visibility
      3960 Eastex Fwy, 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

      3,264 sq ft Freestanding Office Building
      2660 Sweetgum Ln, Beaumont, TX 77703
      View Details
    • $26 SF/Yr
      1,581 SF

      Eastex Freeway Retail Storefront

      Prime Beaumont Retail Space - 1,581 SF
      2790 Eastex Fwy, Beaumont, TX 77703
      View Details
    • $0.83 SF/Yr
      3,276 SF

      Retail Space in Beaumont, TX

      Retail space with open floor plan and move-in ready interior.
      3950 Eastex Fwy, Beaumont, TX 77703
      View Details
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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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