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Listed price in listed location currency (USD).
$1,850,000

000

MLS® 1965603

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Lease
Size 17258 sqft
Garage 
Date Available 
Days Active 2
Lot Size 
Approx. Age 1974
MLS® Number 1965603

Property Address: 1400 N Saint Marys St, Beeville, TX, 78102

Average square foot calculated using Size range provided by listing agent.

Description

Presenting Sebastian Estates: A rare 24-unit value-add play in Beeville offered at an attractive $77, 000/door at a 7.85 PCT CAP Rate (proforma). Twenty-four large 2-bed/1-bath units at 814 sf, all single-level (tenants love this!), durable metal roofs, separately metered power. 1.07 acres with on-site parking. On-site laundry facility provided at no cost to residents (potential to convert to coin-operated for additional income). Beeville's tenant base is anchored by recession-resistant employers: TDCJ McConnell Unit (~540 staff), Coastal Bend College, Beeville ISD, and Eagle Ford energy. With effectively no new multifamily supply in the pipeline, the rent gap closes on its own merits. In-place rents average $855 against $950 market, and 42 PCT of units are already leased at $900, proving the rent lift is real, not aspirational. Bring the bottom of the rent roll up and stabilize from 88 PCT occupancy, and the value-add play is self-executing.
MLS® Number1965603
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1974
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Leased YetSold Price

For Rent

May 11, 2026List Date
$1,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
1400 N Saint Marys St, Beeville, TX

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