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

    2420 Neches St Beaumont, TX 77701-8447

    • Garden apartment buildings
    • 620 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1976402
    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

    • Garden apartment buildings

    Property Details for 2420 Neches St

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.07 lot acres
    Property size
    620 SF
    Property type
    Garden apartment buildings
    APN
    048600-000-024810-00000
    APU
    4860000002481000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $246,000
      Market price range: $211k - $307k

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaumont
    County
    Jefferson
    State
    Texas
    Longitude
    -94.0954
    Latitude
    30.0628
    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
    $245
    $1,502
    $8,690
    $10,192
    -
    $1,502
    $8,690
    $10,192

    Comparable in this City

    • Value Estimation
      $285,000
      704 SF

      1085 Grand St

      GARDEN APT, COURT APT (5+ UNITS) • 704 SF
      1085 Grand St, Beaumont, TX 77701-1412
      View Details
    • Value Estimation
      $255,000
      480 SF

      1140 Bolivar St

      GARDEN APT, COURT APT (5+ UNITS) • 480 SF
      1140 Bolivar St, Beaumont, TX 77701-7017
      View Details
    • Value Estimation
      $280,000
      560 SF

      1390 Corley St

      GARDEN APT, COURT APT (5+ UNITS) • 560 SF
      1390 Corley St, Beaumont, TX 77701-8322
      View Details
    • Value Estimation
      $400,000
      960 SF

      1230 Ss St

      GARDEN APT, COURT APT (5+ UNITS) • 960 SF
      1230 Ss St, Beaumont, TX 77701-2136
      View Details
    • Value Estimation
      $390,000
      1,152 SF

      1032 Mcfaddin St

      GARDEN APT, COURT APT (5+ UNITS) • 1,152 SF
      1032 Mcfaddin St, Beaumont, TX 77701-1815
      View Details
    • Value Estimation
      $295,000
      594 SF

      1950 Harrison St

      GARDEN APT, COURT APT (5+ UNITS) • 594 SF
      1950 Harrison St, Beaumont, TX 77701-1665
      View Details

    Similar Nearby for Sale

    • $179,900

      Oak Historic District Triplex

      Well-maintained triplex in Oak Historic District, near amenities.
      2237 North St, Beaumont, TX 77701
      View Details
    • $115,000

      Well-Maintained Duplex with Rental Potential

      Open concept duplex with separately metered utilities and covered porches.
      2370 Orange St, Beaumont, TX 77701
      View Details
    • $299,999
      2,960 SF

      Beaumont Duplex with Modern Comfort

      Duplex in Beaumont, Texas, featuring modern comfort and classic charm.
      450 Jackson St, Beaumont, TX 77701
      View Details
    • $34,300

      Beaumont Duplex: Investor Opportunity

      Duplex in Beaumont with rental potential, needs repairs.
      969 Forrest St, Beaumont, TX 77701
      View Details
    • Contact for pricing
      53.40 Acres

      Prime Beaumont Industrial Land

      53.4 Acres, Heavy Industrial Zoning
      0 53.4 Gross Acres, Beaumont, TX 77701
      View Details
    • Contact for pricing

      Cleared Lot in Central Beaumont

      Cleared lot ready for development in central Beaumont, Texas.
      2241 Liberty St, Beaumont, TX 77701
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      40,000 SF

      Beaumont Medical Office Building

      Two Suites Available, Prime Location
      755 11Th St, Beaumont, TX 77701
      View Details
    • $2,150,000
      7,200 SF

      Historic Downtown Beaumont Office Space

      High-end office space in historic downtown Beaumont.
      905 Orleans St, Beaumont, TX 77701
      View Details
    • Contact for pricing
      29,708 SF

      Pad Site Near H-E-B Center

      29,708-SF pad site near a 77,000-SF H-E-B center.
      838 South 11Th St, Beaumont, TX 77701
      View Details
    • $45 SF/Yr
      1,336 SF

      Prime Beaumont Office Space

      1,336 sq ft Medical/Office Building
      810 11Th St, Beaumont, TX 77701
      View Details
    • $0.60 SF/Yr
      82,783 SF

      Beaumont Office Space Available

      Office building with 82783 square feet available for rent.
      3295 College St, Beaumont, TX 77701
      View Details
    • Contact for pricing
      334,165 SF

      Beaumont Industrial Facility with Rail

      334,185 SF industrial facility on 75.18 acres with rail.
      850 Pine St, Beaumont, TX 77701
      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.
    2420 Neches St
    Beaumont, TX 77701-8447
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.