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    1409 Adelaide Ave Port Neches, TX 77651

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    1409 Adelaide Ave Port Neches, TX 77651

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    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1409 Adelaide Ave

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre residential lot, located at 1409 Adelaide Ave in Port Neches, Texas, presents a unique opportunity to build your dream home. Priced at $98,000, this property boasts a generous 8,489 square foot lot size, measuring approximately 70 feet by 121.13 feet. Situated in a new subdivision along the Neches River, this location offers a tranquil setting while remaining conveniently located. The property is zoned for the PN-G ISD (Grov) school district, making it an ideal choice for families. All utilities are available, and the land is ready for immediate development. Jefferson County provides a welcoming community with easy access to local amenities and services. This is a rare chance to secure a prime piece of land in a desirable area, perfect for creating a custom-built home tailored to your specific needs and preferences. Don't miss this opportunity to build your dream home in this picturesque riverfront community. The property is currently listed as active and ready for a new owner to begin their building project. Act quickly, as properties like this are in high demand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Neches
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9593
    Latitude
    29.9986

    Comparable in this City

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      0.23 Acres

      1400 Adelaide Ave

      Land • 0.23 Acres
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      0.27 Acres

      1465 Augustine Ave

      Land • 0.27 Acres
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      0.19 Acres

      1432 Adelaide Ave

      Land • 0.19 Acres
      1432 Adelaide Ave, Port Neches, TX 77651
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      0.15 Acres

      1001 Van Ave

      Land • 0.15 Acres
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      988 SF

      1103 Ave B B

      GARDEN APT, COURT APT (5+ UNITS) • 988 SF
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    • Value Estimation by Request
      750 SF

      2102 13th St

      GARDEN APT, COURT APT (5+ UNITS) • 750 SF
      2102 13th St, Port Neches, TX 77651-3829
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Port Neches Land For Sale

      Land available in Port Neches, Texas. See brochure.
      1903 Port Neches Ave, Port Neches, TX 77651
      View Details
    • $9,750,000

      216 Acres Unrestricted Riverfront Land

      Undeveloped land with industrial, commercial, or recreational investment potential.
      Tbd Neches Riv Dr, Orange, TX 77651
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    • $9,750,000
      216.00 Acres

      216 Acres Unrestricted Riverfront Land

      216 acres of unrestricted land on the Port Neches River.
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      3161 Saba Labe, Port Neches, TX 77651
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    • $499,000
      14,140 SF

      Port Neches Industrial Property

      Industrial property available for sale in Port Neches, Texas.
      1117 Port Neches Ave, Port Neches, TX 77651
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    Similar Nearby for Lease

    • $3,000 /Mo
      3,206 SF

      Medical Office Space Available

      2,373 SF medical office space for lease.
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    • $1.25 SF/Yr
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      New Retail Suites Available

      New retail suites for lease in Port Neches Plaza.
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    • Contact for pricing

      Port Neches Plaza Retail Suites

      Retail suites available for lease in Port Neches Plaza.
      2302 Nall St, Port Neches, TX 77651
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    Port Neches, TX 77651
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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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    1409 Adelaide Ave, Port Neches, TX, 77651

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