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Property profile & analytics
FOR SALE
Medical Office Space
2501 Jimmy Johnson Blvd Port Arthur, TX 77640
Entity Owned
Free & Clear
Property ID
US82-7430375
For Sale
1 / 6
$19,975,000
2501 Jimmy Johnson Blvd, Port Arthur, TX 77640
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
132,007 SF
Lot
1.27 ac (55,278 SF)
APN
049400-000-048865-00120
UPID
US82-7430375
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
-
Texas Oncology-Port Arthur Medical Clinic Hospital
-
Srinivas Kodali, M.D. Physician
-
Syed Akhtar, M.D. Physician
-
Kristine Banks, MD Physician
-
Dr. Kristine Banks Dahl Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.62M
Blend (final)
Blend
$13.93M
Owner & transaction history
Third Coast Bank
Third Coast Bank
since 2026
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.3M
+81.2%
Commercial (general)
$18.0M
+53.4%
Retail stores
$14.6M
+24.5%
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 Arthur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Arthur 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,735,000
Current use
RESTAURANT
$21,260,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,000,000
Change: +53% · Conversion: Easy
RETAIL STORES
$14,610,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$13.93M
Range $12.54M – $15.32M · ±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
$106 / 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
$495,159
Tax year 2023
Assessed value
$16,951,450
Assessed 2023
Previous assessed
$16,951,450
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$110,554
Assessed improvement
$16,840,896
Land market value
$110,554
Improvement market value
$16,840,896
Total market value
$16,951,450
Applied tax rate
109.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2007
Heating
NONE
Stories
2
Total area
132,007 SF
Lot
1.27 ac (55,278 SF)
APN
049400-000-048865-00120
UPID
US82-7430375
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
MEDICAL BUILDING Current
Est. value
$11.7M
RESTAURANT
Est. value
$21.3M
COMMERCIAL (GENERAL)
Est. value
$18.0M
RETAIL STORES
Est. value
$14.6M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2007
Heating
NONE
Stories
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Third Coast Bank
Entity
Free & Clear · 0 yrs held
Mailing address
2501 JIMMY JOHNSON BLVD STE #500, PORT ARTHUR, TX 77640-2013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
$17,650,000
Third Coast Bank
Davis Xenna
Trust Deed
—
Feb 14, 2019
—
Itex Park Ltd
—
Trustees Deed
related
$6,035,000 · Bellwether Ent R/e Cap
May 11, 2016
—
Regional Prof Building LP
—
Deed
related
$16,500,000 · Miscellaneous Ins Co
—
—
Regional Prof Building LP
—
Deed Of Trust
related
$16,500,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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