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Property profile & analytics
OFF-MARKET
Investment properties
2348 Hwy 69th N Nederland, TX 77627-8874
Entity Owned
13-yr Hold
Free & Clear
Property ID
US82-4804252
Property summary
AI-generated overview
This single-tenant office building, located at 2348 Hwy 69 N, Nederland, TX 77627, offers 2,800 square feet of space on a 0.56-acre lot. Built in 2002, the one-story building features five private offices, a reception area with a pay window, a waiting room, a large conference room, and a kitchen. The property boasts three points of entry for convenient access and ample covered parking behind an electric gate. Taxes are $0.26 per square foot. The building enjoys excellent visibility due to its highway frontage at the corner of Vernon Street. The property is currently vacant and available for sale or lease. Its convenient location and well-maintained condition make it an ideal space for a variety of executive office uses. The property includes a large covered parking area accessible through an electric gate. No elevators are present.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Total area
2,750 SF
Lot
0.46 ac (19,863 SF)
APN
016150-000-003000-00000
UPID
US82-4804252
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
-
Southern Home Health Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Watusi Properties LLC · 13 yrs held
Watusi Properties LLC
since 2013
1 recorded transaction
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 Nederland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nederland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,557
Tax year 2023
Assessed value
$367,147
Assessed 2023
Previous assessed
$367,147
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$79,496
Assessed improvement
$287,651
Land market value
$79,496
Improvement market value
$287,651
Total market value
$367,147
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
Similar Nearby for Lease
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
2,750 SF
Lot
0.46 ac (19,863 SF)
APN
016150-000-003000-00000
UPID
US82-4804252
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
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Watusi Properties LLC
Entity
Free & Clear · 13 yrs held
Mailing address
885 SHELL BCH DR, LAKE CHARLES, LA 70601-5701
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2013
—
Watusi Properties LLC
Jefferson Cnty Waterway & Navi
Warranty Deed
related
—
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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