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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
5550 Eastex Fwy Beaumont, TX 77708-5329
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2172255
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
10,688 SF
Lot
0.52 ac (22,738 SF)
APN
047260-000-000200-00000
UPID
US82-2172255
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
Current use
Occupant on record · Public records
-
Magic Lube Auto Repair Shop
-
Flexible Insurance Beaumont Insurance Agency
-
Texas Department of Insurance - Windstorm State Government Office
-
Pros Home Healthcare Home Health Care Service
-
CHAPMAN XCLUSIVE CUTS BARBERSHOP, LLC. Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$550k
Owner & transaction history
Thomas T Chung · 2 yrs held
Thomas T Chung
since 2024
7 recorded transactions
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
Method
Estimation
Statistic approach
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$845,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
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
$21,596
Tax year 2023
Assessed value
$898,609
Assessed 2023
Previous assessed
$898,609
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$22,738
Assessed improvement
$875,871
Land market value
$22,738
Improvement market value
$875,871
Total market value
$898,609
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Stories
2
Total area
10,688 SF
Lot
0.52 ac (22,738 SF)
APN
047260-000-000200-00000
UPID
US82-2172255
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$845,000
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Thomas T Chung
Individual
Mailing address
5950 HWY 12, VIDOR, TX 77662-8425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
—
Thomas T Chung
Island Club INC
Deed
$1,400,000 · Island Club INC
Aug 13, 2020
—
Kemp Corkran LLC
—
Deed
related
$1,200,000 · Community Bk/tx
Jun 12, 2020
—
Kemp Corkran LLC
Varitech Services Ltd
Grant Deed
$1,050,000 · Varitech Services Ltd
Mar 2, 2020
—
Kemp Corkran LLC
—
Deed
related
$3,576,577 · Community Bk/tx
Dec 5, 2019
—
Kemp Corkran LLC
Wash Magic
Grant Deed
related
—
Jul 26, 2018
—
Eastex Assets LLC
—
Deed
related
$900,000 · First St Bk
May 8, 2017
—
Eastex Assets LLC
—
Grant Deed
related
$2,000,000 · First St Bk
Feb 22, 2017
—
5550 Eastex Frwy LP
—
Deed
related
$850,000 · Prosperity Bk
Oct 5, 2016
—
Eastex Assets LLC
5550 Eastex Frwy LP
Quit Claim Deed
related
—
—
—
5550 Eastex Frwy LP
—
Deed Of Trust
related
$1,066,250 · Mid South Bank
—
—
Eastex Assets LLC
—
Deed Of Trust
related
$900,000 · First St Bk
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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