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    Property profile & analytics

    2900 Gulfway Dr Port Arthur, TX 77642-5026

    • Community centers
    • 5,972 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4759473
    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

    • Farmers Insurance - Vui Pham / Insurance Agency
    • 1st Class Beauty / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Miller’s Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Tony's Food Mart / Grocery & Convenience Store
    • Micheladas EL Botanero / Bar & Pub

    Property Details for 2900 Gulfway Dr

    Year built
    1981
    Lot size
    0.52 lot acres
    Property size
    5,972 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    003000-000-035405-00000
    APU
    300000003540500000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9282
    Latitude
    29.899
    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
    $13,772
    $12,626
    $458,848
    $471,474
    -
    $12,626
    $458,848
    $471,474

    Comparable in this City

    • Value Estimation
      $860,000
      23,576 SF

      7765 9th Ave

      MINI-MALL • 23,576 SF
      7765 9th Ave, Port Arthur, TX 77642-6908
      View Details
    • Value Estimation
      $965,000
      24,960 SF

      8567 9th Ave

      MINI-MALL • 24,960 SF
      8567 9th Ave, Port Arthur, TX 77642-8023
      View Details
    • Value Estimation
      $715,000
      22,560 SF

      4439 Gulfway Dr

      MINI-MALL • 22,560 SF
      4439 Gulfway Dr, Port Arthur, TX 77642-1713
      View Details
    • Value Estimation by Request
      6,025 SF

      8720 Central Mall Dr

      MINI-MALL • 6,025 SF
      8720 Central Mall Dr, Port Arthur, TX 77642-8058
      View Details
    • Value Estimation
      $8,585,000
      628,811 SF

      3100 Hwy 365

      MINI-MALL • 628,811 SF
      3100 Hwy 365, Port Arthur, TX 77642-7724
      View Details
    • Value Estimation
      $1,015,000
      42,472 SF

      3100 Hwy 365

      MINI-MALL • 42,472 SF
      3100 Hwy 365, Port Arthur, TX 77642-7724
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,320 SF

      Family Dollar Investment Opportunity

      Retail property fully occupied by Family Dollar in Port Arthur.
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      Prime Commercial Land For Sale

      0.69 acre commercial property near major retailers and hospital.
      3810 Fm 365 Rd, Port Arthur, TX 77642
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      Versatile Commercial Property on Gulfway

      Commercial property with high visibility, ideal for retail or office.
      3885 Gulfway Dr, Port Arthur, TX 77642
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      Commercial Building on Busy Street

      Commercial building suitable for retail or office use.
      2125 Jefferson Dr, Port Arthur, TX 77642
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    • $295,000
      6,600 SF

      Mixed-Use Property on Bustling Corner

      Mixed-use property with income potential in established community.
      648 9Th Ave, Port Arthur, TX 77642
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    • $75,000
      3,762 SF

      Port Arthur Retail Opportunity

      Vacant retail building on a high-traffic corner for sale.
      4049 Gulfway Dr, Port Arthur, TX 77642
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    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Location on 9th Ave

      Prime location suitable for diverse businesses in Port Arthur, TX.
      8801 9Th Ave, Port Arthur, TX 77642
      View Details
    • Contact for pricing

      Retail Suite on Gulfway Drive

      Retail suite available on Gulfway Drive at Lake View Avenue.
      5126 Gulfway Dr, Port Arthur, TX 77642
      View Details
    • Contact for pricing

      High-Traffic Corner Commercial Space

      Commercial space in high-traffic area near national tenants.
      4700 Fm 365 Rd, Port Arthur, TX 77642
      View Details
    • $0.50 SF/Yr
      2,301 SF

      Office Space in Business Center

      2,511 SF office space in a well-established business center.
      3915 Twin City Hwy, Port Arthur, TX 77642
      View Details
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    Port Arthur, TX 77642-5026
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    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
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