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

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

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    • Lifestyle centers
    • 1.78 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Sec Memorial Blvd & Jimmy Johnson Blvd

    Lot size
    1.78 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1.78-acre commercial land parcel presents a remarkable investment opportunity in Port Arthur, Texas. Strategically located at the intersection of Memorial Boulevard and Jimmy Johnson Boulevard, this property boasts exceptional visibility and accessibility. The site is ideally suited for a variety of retail developments, given its prime location within a high-traffic area. Traffic counts reveal significant daily vehicle volume: 56,015 vehicles per day on US 69 and 14,495 vehicles per day on Jimmy Johnson Boulevard, ensuring substantial exposure for any business established here. The property is classified as Land, Retail, and further categorized as Commercial, Shopping Center, and Storefront, offering versatility in development options. Situated in Jefferson County, Texas, with a zip code of 77640, this property provides easy access to major transportation routes and a thriving local community. The coordinates are 29.936943357700148 latitude and -93.9826266149768 longitude. This location offers significant potential for high returns on investment due to its high traffic counts and strategic placement within a busy commercial corridor. The property's size and location make it an attractive proposition for developers seeking a prominent site for a new retail venture or expansion. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9826
    Latitude
    29.9369

    Comparable in this City

    • Value Estimation by Request
      1.78 Acres

      Sec Memorial Blvd & Jimmy Johnson Blvd

      Land • 1.78 Acres
      0 Sec Memorial Blvd & Jimmy Johnson Blvd, Port Arthur, TX 77640
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    • Value Estimation by Request
      1.00 Acre

      1025 Wind

      Land • 1.00 Acre
      1025 Wind, Port Arthur, TX 77640
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    • Value Estimation
      $550,000
      10,075 SF

      8445 Memorial Blvd

      MINI-MALL • 10,075 SF
      8445 Memorial Blvd, Port Arthur, TX 77640-7003
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    • Value Estimation by Request
      10,563 SF

      2665 Aero Dr

      MINI-MALL • 10,563 SF
      2665 Aero Dr, Port Arthur, TX 77640-2189
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    • Value Estimation
      $565,000
      9,170 SF

      8845 Memorial Blvd

      MINI-MALL • 9,170 SF
      8845 Memorial Blvd, Port Arthur, TX 77640-1797
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    • Value Estimation by Request
      4,200 SF

      8425 Memorial Blvd

      MINI-MALL • 4,200 SF
      8425 Memorial Blvd, Port Arthur, TX 77640-7016
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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
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