Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Procter St Port Arthur, TX 77640-6630

    • Investment properties
    • 7,492 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2954917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lamar State College Business Office / College

    Property Details for 1501 Procter St

    Year built
    1962
    Lot size
    0.35 lot acres
    Property size
    7,492 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    053400-000-144300-00000
    APU
    5340000014430000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,165,000
      7%
      $1,085,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,020,000
      Current use
      RESTAURANT
      $1,205,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $830,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9276
    Latitude
    29.8799
    CBSA code
    13140
    CBSA name
    BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $3,108
    $262,517
    $265,625
    -
    $3,108
    $262,517
    $265,625

    Comparable in this City

    • Value Estimation by Request
      625 SF

      1135 Rev Raymond Scott Ave

      STORE/OFFICE (MIXED USE) • 625 SF
      1135 Rev Raymond Scott Ave, Port Arthur, TX 77640
      View Details
    • Value Estimation by Request
      514 SF

      2640 Bluebonnet Ave

      STORE/OFFICE (MIXED USE) • 514 SF
      2640 Bluebonnet Ave, Port Arthur, TX 77640
      View Details
    • Value Estimation by Request
      288 SF

      2424 Bluebonnet Ave

      STORE/OFFICE (MIXED USE) • 288 SF
      2424 Bluebonnet Ave, Port Arthur, TX 77640-3803
      View Details
    • Value Estimation by Request
      120 SF

      2501 Gulfway Dr

      STORE/OFFICE (MIXED USE) • 120 SF
      2501 Gulfway Dr, Port Arthur, TX 77640-4624
      View Details
    • Value Estimation by Request
      1,750 SF

      621 5th St

      STORE/OFFICE (MIXED USE) • 1,750 SF
      621 5th St, Port Arthur, TX 77640-6540
      View Details
    • Value Estimation
      $2,210,000
      15,840 SF

      800 4th St

      STORE/OFFICE (MIXED USE) • 15,840 SF
      800 4th St, Port Arthur, TX 77640-6466
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Port Arthur Lot For Sale

      5,400 sqft lot in Port Arthur, TX available now!
      1215 W 5Th St, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Large Lot Near Sabine Lake

      7,000 sq ft lot near Sabine Lake.
      624 W 5Th St, Port Arthur, TX 77640
      View Details
    • $195,000

      Waterfront Condo with Marina Views

      Condo with marina views, new interior, and community amenities.
      560 Pleasure Island Blvd, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Commercial Land Near Pleasure Island

      Unimproved commercial land suitable for various business ventures.
      1025 Marian Anderson Ave, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Cleared Lot in Port Arthur

      Cleared lot with development potential near amenities and major highways.
      1415 W Procter St, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Vacant Land in Port Acres

      Subdivided lots suitable for building or investment in Port Arthur.
      58Th St, Port Arthur, TX 77640
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      1,600 SF

      Memorial Blvd Retail Space For Lease

      Prime Jefferson County retail space, 1600 sq ft.
      8035 Memorial Blvd, Port Arthur, TX 77640
      View Details
    • Contact for pricing
      96,000 SF

      Port Arthur Retail Space For Lease

      1,260 SF Power Center Suite Available
      8825 Memorial Blvd, Port Arthur, TX 77640
      View Details
    • Sponsored
      Contact for pricing
      5,900 SF

      Golden Triangle Emergency Building

      Retail/ Resturant/ Medical/Jeweraly
      8035 Memorial Dr. Unit #B or unit #C, Port Arthur, TX 77640
      View Details
    • Contact for pricing
      600 SF

      Retail Development on Hwy 365

      Retail spaces available in new development on a well-traveled corridor.
      3400 Fm 365 Rd, Port Arthur, TX 77640
      View Details
    • $10 SF/Yr
      15,000 SF

      Hwy 73 Golden Triangle Warehouses

      Port Arthur, TX Warehouses - Available August 2024
      2023 H O Ml Hwy, Port Arthur, TX 77640
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space in Power Center

      Retail space available in a high-traffic shopping center.
      8825 Memorial Blvd, Port Arthur, TX 77640
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1501 Procter St
    Port Arthur, TX 77640-6630
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.