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    4003 Medford Dr Lufkin, TX 75901

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    4003 Medford Dr Lufkin, TX 75901

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    • Lifestyle centers
    • 16,140 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 4003 Medford Dr

    Year built
    2009
    Property size
    16,140 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This single-story, 16,140 square foot multi-tenant commercial building, constructed in 2009, is situated on a 2.46-acre lot in Angelina County and offers exceptional visibility and accessibility. The property boasts a daily traffic count exceeding 46,500 vehicles, benefiting from its strategic location near major retailers such as Target, Home Depot, Olive Garden, Buffalo Wild Wings, Logan's Road House, and Chili's. Four suites are available, ranging from 1,129 to 4,492 contiguous square feet, with a total of 11,187 square feet currently vacant. The building's previous tenant was a salon, leaving existing plumbing and electrical infrastructure ready for immediate occupancy. The property includes 20 total parking spaces, making it convenient for both employees and customers. This is an ideal opportunity for businesses seeking high-traffic exposure in a thriving retail corridor. The property is classified as Retail, Office, and Restaurant, and the building subtype is Traditional Office and Shopping Center. The minimum divisible space is 1,129 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.7172
    Latitude
    31.3129

    Comparable in this City

    • Value Estimation by Request
      16,140 SF

      4001 Medford Dr

      Lifestyle centers • 16,140 SF
      4001 Medford Dr, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      7,570 SF

      4500 Medford Dr

      Restaurants • 7,570 SF
      4500 Medford Dr, Lufkin, TX 75901
      View Details
    • Value Estimation by Request
      6,394 SF

      418 2Nd St

      Office properties & Spaces • 6,394 SF
      418 2Nd St, Lufkin, TX 75901
      View Details
    • Value Estimation
      $2,350,000
      134,748 SF

      2215 1st St

      SHOPPING CENTER, STRIP CENTER • 134,748 SF
      2215 1st St, Lufkin, TX 75901-5933
      View Details
    • Value Estimation
      $550,000
      14,480 SF

      501 Timberland Dr

      SHOPPING CENTER, STRIP CENTER • 14,480 SF
      501 Timberland Dr, Lufkin, TX 75901-4005
      View Details
    • Value Estimation
      $1,570,000
      87,240 SF

      400 Timberland Dr

      SHOPPING CENTER, STRIP CENTER • 87,240 SF
      400 Timberland Dr, Lufkin, TX 75901-0460
      View Details

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      9,026 SF

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    Similar Nearby for Lease

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      1,957 SF

      Freestanding Restaurant with Drive-Thru

      Freestanding restaurant building with existing drive-thru for rent.
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      Retail Space Near Lufkin Mall

      Regional retail location with high traffic and major retail draws.
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    Lufkin, TX 75901
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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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