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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Spurlock Rd Nederland, TX 77627-3545

    • Auto shops
    • 2,000 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2902065
    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

    • Stewart's Automotive & Radiator / Auto Repair Shop

    Property Details for 1502 Spurlock Rd

    Year built
    1985
    Lot size
    0.21 lot acres
    Property size
    2,000 SF
    Property type
    Auto shops
    APN
    011850-000-002200-00000
    APU
    1185000000220000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $174,000
      Market price range: $80.0k - $222k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $310,000
      RETAIL STORES
      $215,000
      MEDICAL BUILDING
      $180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Nederland
    County
    Jefferson
    State
    Texas
    Longitude
    -94.0114
    Latitude
    29.9859
    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
    2023
    $2,306
    $17,213
    $94,824
    $112,037
    -
    $17,213
    $94,824
    $112,037

    Comparable in this City

    • Value Estimation
      $275,000
      2,250 SF

      1220 Boston Ave

      AUTO REPAIR, GARAGE • 2,250 SF
      1220 Boston Ave, Nederland, TX 77627-4019
      View Details
    • Value Estimation
      $245,000
      1,800 SF

      1918 Spurlock Rd

      AUTO REPAIR, GARAGE • 1,800 SF
      1918 Spurlock Rd, Nederland, TX 77627-4722
      View Details
    • Value Estimation
      $275,000
      2,750 SF

      3419 Twin City Hwy

      AUTO REPAIR, GARAGE • 2,750 SF
      3419 Twin City Hwy, Nederland, TX 77627-3319
      View Details
    • Value Estimation
      $410,000
      12,200 SF

      2920 Twin City Hwy

      AUTO REPAIR, GARAGE • 12,200 SF
      2920 Twin City Hwy, Nederland, TX 77627-3462
      View Details
    • Value Estimation
      $260,000
      961 SF

      Nederland, TX 77627

      AUTO REPAIR, GARAGE • 961 SF
      Nederland, TX 77627
      View Details
    • Value Estimation
      $215,000
      1,600 SF

      207 12th St

      AUTO REPAIR, GARAGE • 1,600 SF
      207 12th St, Nederland, TX 77627-4105
      View Details

    Similar Nearby for Sale

    • $700,000
      1,735 SF

      Nederland Restaurant & RV Park

      Thriving Seafood Restaurant & RV Park
      3922 Twin City Hwy, Nederland, TX 77627
      View Details
    • Contact for pricing
      9.28 Acres

      Nederland Retail Land Opportunity

      9.28 Acres, Prime Retail Location
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    • $2,500,000
      39,535 SF

      Climate Controlled Warehouse and Office

      Warehouse, distribution, and light manufacturing facility with highway access.
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    • $167,200

      Nederland Specialty Property for Sale

      Specialty property available for purchase in Nederland, Texas.
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    • Contact for pricing
      62,000 SF

      Industrial Property with Warehouses

      Well-developed industrial site with warehouses and excellent accessibility.
      4835 Bourque Rd, Nederland, TX 77627
      View Details
    • $59,000
      0.16 Acres

      Cleared Corner Lot in Nederland

      Corner lot available for sale in Nederland, Texas.
      1804 N 21St St, Nederland, TX 77627
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      111,307 SF

      Mid County Shopping Center Space

      High-traffic retail space available in Nederland, TX.
      1001 Nederland Ave, Nederland, TX 77627
      View Details
    • $18 SF/Yr

      Nederland Retail Corner Lot

      Prime Retail Space, High Visibility, Ample Parking
      110 Boston Ave, Nederland, TX 77627
      View Details
    • $12 SF/Yr
      1,680 SF

      Retail Space on Memorial Freeway

      Retail space available for rent on Memorial Freeway.
      401 Memorial Fwy, Nederland, TX 77627
      View Details
    • $1.00 SF/Yr
      1,800 SF

      Office Space with Quality Finishes

      1,800 SF office space with excellent parking and shared kitchen.
      221 Memorial Fwy, Nederland, TX 77627
      View Details
    • $2 SF/Yr
      30,375 SF

      Prime Port Arthur Commercial Land

      High-traffic location, ideal for QSR or retail.
      Arthur TX Prt, Nederland, TX 77627
      View Details
    • $15 SF/Yr
      2,800 SF

      Prime Nederland Office Building

      Executive Suite, Hwy 69 Frontage
      2348 Highway 69, Nederland, TX 77627
      View Details
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    1502 Spurlock Rd
    Nederland, TX 77627-3545
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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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