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1640 Lindbergh Dr 16,400 SF Specialty Building Offered at $395,000 at a 4.96% Cap Rate in Beaumont, TX 77707
Investment Highlights
- Offered at replacement cost around $25 per NRSF
- Affluent area - household incomes average over $95,000 (Per Radius+)
- Less than 1 mile from both IH-10 and SH-90
- Densely populated area - almost 94,000 residents in a 5-mile radius of the property (Per Radius+)
- Rental rates are as much as 40% below market for non-climate storage (Per Radius+)
- Fully renovated 2 bed, 1 bath house can be immediately rented for significant revenue increase
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,420
|
$2.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,420
|
$2.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,841
|
$1.03
|
| Net Operating Income |
$19,579
|
$1.19
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $36,420 |
| Annual Per SF | $2.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,420 |
| Annual Per SF | $2.22 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,841 |
| Annual Per SF | $1.03 |
| Net Operating Income | |
|---|---|
| Annual | $19,579 |
| Annual Per SF | $1.19 |
Property Facts
| Price | $395,000 | Building Class | C |
| Price Per SF | $24.09 | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 16,400 SF |
| Cap Rate | 4.96% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1977 |
| Property Subtype | Self-Storage |
| Price | $395,000 |
| Price Per SF | $24.09 |
| Sale Type | Investment |
| Cap Rate | 4.96% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 16,400 SF |
| No. Stories | 1 |
| Year Built | 1977 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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1640 Lindbergh Dr
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