Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1508 21st St Nederland, TX 77627-5527
    Back to Search
    Property profile & analytics

    1508 21st St, Nederland, TX 77627-5527

    View on Map
    • Investment properties
    • 3,420 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Oct 1, 2024
    Property ID
    US82-4027352
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Real Estate, ERA Powered / Real Estate Agency
    • Dana Bellanger - Realtor / Real Estate Agency
    • Shawndrika Hardie / Real Estate Agency
    • Sophia Dewitt Hawthorne, REALTOR / Real Estate Agency
    • American Leasing and Management / Property Management Company

    Property Details for 1508 21st St

    Year built
    1985
    Lot size
    0.36 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    049401-000-014641-00000
    APU
    4940100001464100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $486,000
      Market price range: $213k - $808k

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

    Location Insight

    • Map
    • Local Demand
    City
    Nederland
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9833
    Latitude
    29.9601
    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
    $6,463
    $15,489
    $273,895
    $289,384
    -
    $15,489
    $273,895
    $289,384

    Comparable in this City

    • Value Estimation by Request
      336 SF

      Nederland, TX 77627

      STORE/OFFICE (MIXED USE)
      Nederland, TX 77627
      View Details
    • Value Estimation by Request
      1,200 SF

      1118 Atlanta Ave

      STORE/OFFICE (MIXED USE)
      1118 Atlanta Ave, Nederland, TX 77627-4120
      View Details
    • Value Estimation by Request
      320 SF

      3123 Ave H H

      STORE/OFFICE (MIXED USE)
      3123 Ave H H, Nederland, TX 77627-7609
      View Details
    • Value Estimation by Request
      480 SF

      Hwy 69

      STORE/OFFICE (MIXED USE)
      Hwy 69, Nederland, TX 77627
      View Details
    • Value Estimation by Request
      9,000 SF

      4575 Jerry Ware Dr

      STORE/OFFICE (MIXED USE)
      4575 Jerry Ware Dr, Nederland, TX 77627
      View Details
    • Value Estimation
      $680,000
      7,046 SF

      223 14th St

      STORE/OFFICE (MIXED USE)
      223 14th St, Nederland, TX 77627-4115
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,593 SF

      Highway Retail Location with Warehouses

      High-traffic location with showroom and warehouses suitable for retail/office.
      320 S Twin City Hwy, Nederland, TX 77627
      View Details
    • Contact for pricing
      1,350 SF

      Nederland Office/Retail Space For Sale

      Versatile 1,350 SF space suitable for office or retail.
      1125 Atlanta Ave, Nederland, TX 77627
      View Details
    • Contact for pricing
      41,751 SF

      Prime Retail Location in Nederland

      Retail pads and multi-tenant building available for lease/sale.
      2600 Fm 365, Nederland, TX 77627
      View Details
    • Contact for pricing

      Commercial Land in Downtown Nederland

      Commercial land for sale in the heart of downtown Nederland.
      1125 Atlanta Ave, Nederland, TX 77627
      View Details
    • Contact for pricing

      Nederland, TX Investment Opportunity

      Commercial property with income potential on high-traffic corner in Nederland.
      2495 N Twin City Hwy, Nederland, TX 77627
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space on Twin City

      2,750 sqft commercial space for lease on Twin City Hwy.
      3419 N Twin City Hwy, Nederland, TX 77627
      View Details
    • Contact for pricing

      Industrial/Commercial Space For Lease

      Industrial/Commercial space for lease with additional acreage available.
      Nederland, TX 77627
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      1,680 SF

      Retail Space on Memorial Freeway

      Retail space available for rent on Memorial Freeway.
      401 Memorial Fwy, Nederland, TX 77627
      View Details
    • Contact for pricing
      11,712 SF

      Nederland Commercial Building For Lease

      Commercial building for lease in Nederland, available November 2025.
      8903 Us-69, Nederland, TX 77627
      View Details
    • Contact for pricing

      Nederland Business District Commercial Space

      Commercial space in Nederland's vibrant Boston Avenue Business District.
      1220 Boston Ave, Nederland, TX 77627
      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.
    1508 21st St
    Nederland, TX 77627-5527
    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

    Thank You for Inquiry
    1508 21st St, Nederland, TX, 77627
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!