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    2302 Nall St Port Neches, TX 77651

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    For Lease
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    Retail suites available for lease in Port Neches Plaza.

    Type:Retail
    Property size:
    7,035 SF
    Added:
    May 15, 2023
    Days on Market:
    1078
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2302 Nall St

    General Information

    Standard status
    Active
    Size
    7,035 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 2302 Nall St Contact us

    Ste. E $1.25 /Mo

    Size
    1,005 SF
    Type
    Retail
    The brand new Port Neches Plaza on Nall Street is now available for lease.​ The...
    show more
    Contact us

    Ste. C $1.25 /Mo

    Size
    1,005 SF
    Type
    Retail
    The brand new Port Neches Plaza on Nall Street is now available for lease.​ The...
    show more
    Contact us

    Ste. A $1.25 /Mo

    Size
    2,010 SF
    Type
    Retail
    The brand new Port Neches Plaza on Nall Street is now available for lease.​ The...
    show more
    Contact us

    We can help!

    Listing Contact
    Ryan Harrington

    Listing agent Ryan Harrington License #TX 0558472

    Listing office RE/MAX One - Beaumont

    Listing date May 15, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX One - Beaumont

    Overview

    Port Neches Plaza Retail Suites

    The Port Neches Plaza, a new retail center on Nall Street, offers suites for lease. The center totals approximately 7,035 square feet and contains seven suites of approximately 1,005 square feet each. Four suites remain available and can be combined to create larger spaces. The property is accessible from both Nall Street and Doornbos Street. Each suite is individually metered for water and electric service. The landlord will provide a white box finish for new tenants, including demising wall(s) and remaining walls up to 10 feet, as well as HVAC units for the spaces. Three months of free rent are available to new tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Neches
    County
    Jefferson
    State
    Texas
    Longitude
    -93.965065
    Latitude
    29.978146

    Nearby Similar for Lease

    • $3,000/Mo

      Medical Office Space Available

      2,373 SF medical office space for lease.
      3133 Saba Lane, Port Neches, TX
      View Details
    • $1.25 SF/Yr

      New Retail Suites Available

      New retail suites for lease in Port Neches Plaza.
      2302 Nall Street, Port Neches, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail suites available for lease in Port Neches Plaza.
    Where is this retail space located?
    The property is located at 2302 Nall St Port Neches, TX.
    What are key features of this property?
    This property features: Brand new construction (2023) in Port Neches Plaza; Suites available for lease, +\/-1,005sf, combinable; Landlord provides white box build‑out including demising walls and HVAC units
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Harrington
    Real Estate License ID: TX 0558472
    Learn More
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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
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