Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a 13,500-square-foot Walgreens located at 3990 E Lucas Dr, Beaumont, TX 77708. The property sits on a 1.138-acre lot in a high-traffic area, boasting a prominent hard corner location. Neighboring businesses include Whataburger, Dairy Queen, and Family Dollar, ensuring high visibility and foot traffic. Currently operating under a Net Lease agreement, the property generates a strong NOI of $196,830, resulting in an attractive 8.95% cap rate. The asking price is $2,200,000, translating to $162.96 per square foot. The lease with Walgreens expires September 1, 2024, presenting a compelling opportunity for immediate income and future redevelopment potential. The property's location in Beaumont, Texas, offers access to a thriving community and strong regional economy. This is a rare chance to acquire a well-positioned, income-producing retail asset in a desirable market. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors seeking a stable, high-return investment.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1994
Total area
13,288 SF
Lot
1.37 ac (59,634 SF)
APN
021850-000-000100-00000
UPID
US82-3724788
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Laboratory
-
Cinema (Bike/Boat/Book/etc) Store
-
Postal Service Courier Service
-
Car Rental Facility
-
Pharmacy
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.50M
Owner & transaction history
2 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$1.7M
+49.2%
Restaurant
$1.5M
+33.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.50M
Value range
$1.35M – $1.64M
±10% around blend
Estimated value / SF
$113 / SF
Confidence
Property data
88
Comparable evidence
60
$1.35M
blend $1.50M
$1.64M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,288 SF
Lot area
1.37 ac
Year built
1994
Stories
1
APN
021850-000-000100-00000
Assessed value
$2,231,567
Annual tax
$53,630
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.66M
Range $550k – $1.80M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+49%
vs current-use indication
Restaurant
Retail Stores · current use
Medical Building
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.23M
Move the market yield to see immediate price impact.
Value / SF
$168
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$141k
$2.81M
$2.01M
$1.56M
$156k
$3.12M
$2.23M
$1.74M
$172k
$3.44M
$2.45M
$1.91M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$53,630
Tax year 2023
Assessed value
$2,231,567
Assessed 2023
Previous assessed
$2,231,567
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$121,056
Assessed improvement
$2,110,511
Land market value
$121,056
Improvement market value
$2,110,511
Total market value
$2,231,567
Applied tax rate
101.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Total area
13,288 SF
Lot
1.37 ac (59,634 SF)
APN
021850-000-000100-00000
UPID
US82-3724788
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Lot
1.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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