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    Sec Memorial Blvd & Jimmy Johnson Blvd Port Arthur, TX 77640

    Sponsored
    For Lease
    Contact for pricing

    1.78 Acres, High Traffic Area

    Lot size:
    77,537 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 1.78-acre commercial property in Jefferson County presents a unique investment opportunity. Zoned for retail development, this single-tenant site boasts an impressive location with high visibility and significant traffic counts. The lot encompasses 77,537 square feet of land, providing ample space for a variety of retail ventures. Its strategic positioning benefits from exceptional daily traffic volumes, with 56,015 vehicles passing on US 69 and an additional 14,495 vehicles on Jimmy Johnson Boulevard. This translates to substantial potential for customer reach and business success. The property's single-tenant configuration offers flexibility and control, making it ideal for owner-occupancy or lease to a suitable tenant. The high traffic counts, combined with the ample land area, create a compelling opportunity for a business seeking a prominent location with strong visibility and accessibility. This property is ready for immediate development, offering a chance to establish a thriving retail presence in a high-demand area. Serious inquiries are encouraged to explore the full potential of this prime commercial land parcel. The property is available for sale or lease.

    Property Features for 0 Sec Memorial Blvd & Jimmy Johnson Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    77,537 SF

    Unit(s) available at that property

    Space
    Size
    77,537 SF

    HighLights

    • 1.78‑acre commercial land parcel in Jefferson County.
    • Single‑tenant retail property.
    • High traffic location with 56,015 vehicles per day (VPD) on US 69 and 14,495 VPD on Jimmy Johnson Blvd.
    • Available for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.982626614977
    Latitude
    29.9369433577

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    FAQs

    What type of property is this?
    Land - 1.78 Acres, High Traffic Area
    Where is this land located?
    The property is located at Sec Memorial Blvd & Jimmy Johnson Blvd Port Arthur, TX.
    What are key features of this property?
    This property features: 1.78-acre commercial land parcel in Jefferson County.; Single-tenant retail property.; High traffic location with 56,015 vehicles per day (VPD) on US 69 and 14,495 VPD on Jimmy Johnson Blvd.
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    Sec Memorial Blvd & Jimmy Johnson Blvd Port Arthur, TX 77640
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    Port Arthur, TX 77640
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sec Memorial Blvd & Jimmy Johnson Blvd Port Arthur, TX 77640
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