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Property profile & analytics
OFF-MARKET
Estimated value
$6,985,000
Commercial real estate
2300 Nederland Ave Port Neches, TX 77651-3928
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-2888996
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
41,200 SF
Lot
1.86 ac (81,196 SF)
APN
002850-000-000300-00000
UPID
US82-2888996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Superior Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.42M
Comparable Approach
Comparable
$7.55M
Blend (final)
Blend
$6.99M
Owner & transaction history
2300 LLC · 4 yrs held
2300 LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Neches submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Neches submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,955,000
6.5%
$6,420,000
7%
$5,960,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,220,000
Current use
RESTAURANT
$5,070,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$4,950,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$6.99M
Range $6.29M – $7.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$124,257
Tax year 2023
Assessed value
$5,101,354
Assessed 2023
Previous assessed
$5,101,354
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$121,817
Assessed improvement
$4,979,537
Land market value
$121,817
Improvement market value
$4,979,537
Total market value
$5,101,354
Applied tax rate
107.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
41,200 SF
Lot
1.86 ac (81,196 SF)
APN
002850-000-000300-00000
UPID
US82-2888996
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
RESTAURANT
Est. value
$5.1M
RETAIL STORES
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
2300 LLC
Entity
Mailing address
PO BOX 9127, LONGVIEW, TX 75608-9127
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
2300 LLC
—
Deed
related
$325,000 · Origin Bank
Feb 15, 2022
—
2300 LLC
Madi I Ltd
Venders Lien
$4,250,000 · Bth Bank NA
May 21, 2019
—
Madi I Ltd
—
Deed
related
$1,125,019 · Gulf Cu
—
—
Madi I Ltd
—
Loan Modification
related
$1,125,019 · Gulf Cu
—
—
Madi I Ltd
—
Deed Of Trust
related
$1,354,115 · Gulf Cu
—
—
Climatized Storage Eagle
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Financial Leasing
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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