2348 Highway 69Nederland, TX 77627

Property Details for 2348 Highway 69

Year built

2002

Lot size

0.46 AC

Property size (Sq ft)

2,750 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

016150-000-003000-00000

APU

1615000000300000000

Description

This single-tenant office building, located at 2348 Hwy 69 N, Nederland, TX 77627, offers 2,800 square feet of space on a 0.56-acre lot. Built in 2002, the one-story building features five private offices, a reception area with a pay window, a waiting room, a large conference room, and a kitchen. The property boasts three points of entry for convenient access and ample covered parking behind an electric gate. Taxes are $0.26 per square foot. The building enjoys excellent visibility due to its highway frontage at the corner of Vernon Street. The property is currently vacant and available for sale or lease. Its convenient location and well-maintained condition make it an ideal space for a variety of executive office uses. The property includes a large covered parking area accessible through an electric gate. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $937,401

  6.5%

  $865,293

  7%

  $803,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $805,100

  Geo Method

  $1,276,150

• Alternative Use

  Use

  Valuation

  Residential

  $865,293

  Hospitality

  $792,604

  Educational

  $659,437

  Medical

  $682,116

  Retail

  $1,025,791

Location Insight

City

Nederland

County

Jefferson

State

Texas

Latitude

29.9717

Longitude

-94.0224

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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