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    Property profile & analytics

    3248 Procter St Port Arthur, TX 77642-4765

    • Individual retail properties
    • 1,113 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    $5,400
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3530305
    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

    • Victorious Beauty Salon / Beauty Salon

    Property Details for 3248 Procter St

    Year built
    1956
    Lot size
    0.20 lot acres
    Property size
    1,113 SF
    Property type
    Individual retail properties
    APN
    000900-000-001800-00000
    APU
    90000000180000000

    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
    -93.9129
    Latitude
    29.8948
    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
    $885
    $5,452
    $24,849
    $30,301
    -
    $5,452
    $24,849
    $30,301

    Comparable in this City

    • Value Estimation
      $295,000
      1,284 SF

      3845 9th Ave

      BARBER, HAIR SALON • 1,284 SF
      3845 9th Ave, Port Arthur, TX 77642-4425
      View Details
    • Value Estimation
      $290,000
      936 SF

      1137 Jefferson Dr

      BARBER, HAIR SALON • 936 SF
      1137 Jefferson Dr, Port Arthur, TX 77642-0639
      View Details
    • Value Estimation
      $250,000
      2,200 SF

      4010 Gulfway Dr

      BARBER, HAIR SALON • 2,200 SF
      4010 Gulfway Dr, Port Arthur, TX 77642-2834
      View Details
    • Value Estimation
      $250,000
      837 SF

      3439 25th St

      BARBER, HAIR SALON • 837 SF
      3439 25th St, Port Arthur, TX 77642-3754
      View Details
    • Value Estimation
      $270,000
      1,344 SF

      5150 Hogaboom Rd

      BARBER, HAIR SALON • 1,344 SF
      5150 Hogaboom Rd, Port Arthur, TX 77642-5855
      View Details
    • Value Estimation
      $305,000
      4,275 SF

      3517 Turtle Crk Dr

      LAUNDROMAT (SELF-SERVICE) • 4,275 SF
      3517 Turtle Crk Dr, Port Arthur, TX 77642-8004
      View Details

    Similar Nearby for Sale

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      3,111 SF

      Port Arthur C-Store & Gas Station

      High-traffic retail property, excellent visibility.
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    • $199,900
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      Port Arthur Mixed-Use Property

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    • $267,000
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      Retail/Office Space in Port Arthur

      Commercial retail/office space leased to a national tenant.
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    • $785,000

      Prime Port Arthur Commercial Land

      15,987 SF Commercial Lot - $785,000
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    • Contact for pricing
      14,000 SF

      Port Arthur Industrial Facility For Sale

      14,000 SF industrial facility in Port Arthur's industrial corridor.
      3024 Commerce St, Port Arthur, TX 77642
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    • $3,125,000

      62 Acres Commercial Land Available

      62.12 acres of commercial land with highway frontage.
      5860 Memorial Blvd, Port Arthur, TX 77642
      View Details

    Similar Nearby for Lease

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      7,400 SF

      Retail Space in Port Arthur

      7400 SF retail space available for lease.
      3300 Jimmy Johnson Blvd, Port Arthur, TX 77642
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    • $12 SF/Yr
      1,170 SF

      Gulfway Drive Executive Office Suite

      Prime Port Arthur Office Space: 1,170 SF Available
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    • $8 SF/Yr
      2,500 SF

      Gulfway Drive Office Suite A

      Prime Port Arthur Office Space: 2,500 SF
      5126 Gulfway Dr, Port Arthur, TX 77642
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    • Contact for pricing

      Prime Commercial Land Available

      0.69 acre commercial land near major retailers and hospital.
      8700 9Th Ave, Port Arthur, TX 77642
      View Details
    • $0.50 SF/Yr
      2,511 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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    3248 Procter St
    Port Arthur, TX 77642-4765
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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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