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    8825 Memorial Blvd Port Arthur, TX 77640

    Sponsored
    For Lease
    Contact for pricing

    1,260 SF Power Center Suite Available

    Lot size:
    96,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 1,260-square-foot retail space is located within the Shoppes at Port Arthur, a thriving 96,000-square-foot power center in Jefferson County, Texas. Built in 2007, this single-story building sits on a 9.83-acre lot and enjoys a prime location at the intersection of FM 365 and US 96/US 287, offering unparalleled visibility and accessibility. The center boasts a strong anchor tenant lineup including Ross, Best Buy, Petco, and Dollar Tree, contributing to its impressive 1.74 million annual visits. This high-traffic location is further enhanced by its proximity to a major regional mall anchored by Dillard's, JCPenney, Sears, and Target, ensuring consistent customer flow. The property benefits from high daily vehicle counts (58,756 VPD) along US 96/US 287, guaranteeing significant exposure to potential customers. This space presents a unique opportunity for businesses seeking a well-established location within a successful retail environment. The address is 8825 Memorial Blvd, Port Arthur, TX 77640. This is a multi-tenant property.

    Property Features for 8825 Memorial Blvd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,000 SF

    Building Details

    Year Built
    2007
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,260 SF

    HighLights

    • 1,260 SF retail space in the Shoppes at Port Arthur, a 96,000 SF power center.
    • Located at the high‑traffic intersection of FM 365 and US 96/US 287 in Jefferson County, TX.
    • Strong anchor tenants include Ross, Best Buy, Petco, and Dollar Tree, generating 1.74 million annual visits.
    • High visibility and accessibility with 58,756 VPD on US 96/US 287.
    • Situated near a major regional mall anchored by Dillard's, JCPenney, Sears, and Target.
    • Address: 8825 Memorial Blvd, Port Arthur, TX 77640.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ross Dress for Less Clothing Store The Shoppes at Port Arthur Business Center Rose Shopping Mall

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.996633311109
    Latitude
    29.946262880776

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    FAQs

    What type of property is this?
    Power center - 1,260 SF Power Center Suite Available
    Where is this power center located?
    The property is located at 8825 Memorial Blvd Port Arthur, TX.
    What are key features of this property?
    This property features: 1,260 SF retail space in the Shoppes at Port Arthur, a 96,000 SF power center.; Located at the high-traffic intersection of FM 365 and US 96/US 287 in Jefferson County, TX.; Strong anchor tenants include Ross, Best Buy, Petco, and Dollar Tree, generating 1.74 million annual visits.
    Request Owner's contact information
    8825 Memorial 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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8825 Memorial Blvd Port Arthur, TX 77640
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