Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    309 Lhs Dr Lumberton, TX 77657-8622

    • Commercial land
    • 1,746 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3195235
    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

    • Commercial land

    Property Details for 309 Lhs Dr

    Year built
    1968
    Lot size
    1.00 lot acres
    Property size
    1,746 SF
    Property type
    Commercial land
    APN
    000002-008650
    APU
    2008650

    Description

    This exceptional retail opportunity is located in Lumberton, Texas, at 309 N Lhs Dr, 77657. The property, built in 2024, offers a single-story, 6,737 square foot building with one suite currently available. The space is divisible down to 0 square feet and up to a maximum contiguous space of 1,292 square feet, making it ideal for a variety of retail or restaurant uses. The property features a drive-thru capability and is situated in an end-cap location within the Lumberton Retail Center. This location boasts excellent visibility and accessibility, with frontage along US Hwy 69 & 287, experiencing an estimated 20,901 vehicles per day. The center is strategically positioned amongst established national and regional businesses, less than a mile from a Walmart. This presents a unique chance to join thriving businesses like T-Mobile and Potbelly in a rapidly growing area. Lumberton is experiencing significant residential expansion, with nearly 6,000 planned lots across six nearby subdivisions, ensuring a strong and expanding customer base. This property offers a compelling investment opportunity in a high-demand location with exceptional visibility and access. The property is a single-story building with no elevators.

    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
    Lumberton
    County
    Hardin
    State
    Texas
    Longitude
    -94.2226
    Latitude
    30.2649
    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
    $1,543
    $76,230
    $0.00
    $76,230
    -
    $76,230
    $0.00
    $76,230

    Comparable in this City

    • Value Estimation by Request
      2.72 Acres

      121 Lhs Dr

      VACANT COMMERCIAL LAND • 2.72 Acres
      121 Lhs Dr, Lumberton, TX 77657-8620
      View Details
    • Value Estimation by Request
      0.48 Acres

      Lumberton, TX 77657

      VACANT COMMERCIAL LAND • 0.48 Acres
      Lumberton, TX 77657
      View Details
    • Value Estimation by Request
      0.48 Acres

      Lumberton, TX 77657

      VACANT COMMERCIAL LAND • 0.48 Acres
      Lumberton, TX 77657
      View Details
    • Value Estimation by Request
      1.09 Acres

      Lumberton, TX 77657

      VACANT COMMERCIAL LAND • 1.09 Acres
      Lumberton, TX 77657
      View Details
    • Value Estimation by Request
      0.46 Acres

      Lumberton, TX 77657

      VACANT COMMERCIAL LAND • 0.46 Acres
      Lumberton, TX 77657
      View Details
    • Value Estimation by Request
      0.97 Acres

      10130 Peach Rd

      VACANT COMMERCIAL LAND • 870 SF
      10130 Peach Rd, Lumberton, TX 77657-8022
      View Details

    Similar Nearby for Sale

    • $3,900,000

      Lumberton 10-Acre Commercial Land

      10-acre wooded property with highway frontage in Lumberton, Texas.
      7774 S Lhs Dr, Lumberton, TX 77657
      View Details
    • $3,121,553

      Highway 69 Commercial Land

      Prime commercial land in a growing corridor near major intersection.
      Highway 69, Lumberton, TX 77657
      View Details
    • $275,000

      Beaumont Land Ready For Development

      2.222-acre parcel ready for commercial development in Beaumont, Texas.
      6130 N Keith Rd, Beaumont, TX 77657
      View Details
    • New
      $68,000
      1.00 Acre

      Lumberton Acreage with Utilities

      One acre lot in Lumberton, Texas with available utilities.
      10460 Sweetgum Ln, Lumberton, TX 77657
      View Details
    • $1,500,000

      Prime Corner Land for Sale

      2.264 acres with highway frontage in growing city.
      401 N Lhs Dr, Lumberton, TX 77657
      View Details
    • $225,000
      3.00 Acres

      Lumberton Land Ready for Development

      3-acre Lumberton property, mostly cleared, with sewer lines installed.
      0000 Sweetgum Ln, Lumberton, TX 77657
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land on Highway 69

      2.82 acre commercial lot with high visibility.
      461 N Lhs Dr, Lumberton, TX 77657
      View Details
    • $7 SF/Yr
      7,023 SF

      Lumberton Office Space: 160 Allen St

      Modern Office Suites, Hardin County, TX
      160 Allen St, Lumberton, TX 77657
      View Details
    • $12 SF/Yr
      1,700 SF

      Office Space on Main Street

      1,700 SF office space in growing Southeast Texas city.
      156 S Main St, Lumberton, TX 77657
      View Details
    • $12 SF/Yr
      17,040 SF

      Lumberton Retail Space Available

      Prime Retail/Office Space - Hwy 96 S
      801 Main St, Lumberton, TX 77657
      View Details
    • $600 /Mo

      Secure Shop Space For Rent

      60x20' shop in gated complex near Beaumont, customizable and secure.
      1171 S Main St, Lumberton, TX 77657
      View Details
    • $15 SF/Yr
      600 SF

      Lumberton Office Space For Rent

      600 SF office space featuring an open concept and bathroom.
      160 Allen St, Lumberton, TX 77657
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    309 Lhs Dr
    Lumberton, TX 77657-8622
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.