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

    441 Main St Lumberton, TX 77657-7374

    • Commercial real estate
    • 3,940 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2020
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4251238
    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

    • Commercial real estate

    Property Details for 441 Main St

    Year built
    1976
    Lot size
    0.51 lot acres
    Property size
    3,940 SF
    Property type
    Commercial real estate
    APN
    000053-016850
    APU
    53016850

    Description

    This exceptional investment opportunity presents a thriving Greek and Italian restaurant nestled on a 0.514-acre lot in Lumberton, Texas. The 3,940 square-foot, single-story building boasts ample seating for up to 120 guests, complemented by 40 parking spaces. The property, situated at 441 S Main St, 77657, Hardin County, enjoys a 100% occupancy rate. The restaurant, specializing in gyros, pasta, pizza, and other Mediterranean favorites, benefits from a loyal customer base and positive reviews. Significant renovations were completed in 2000 and 2019. The current setup is BYOB, presenting a significant opportunity for increased revenue through liquor license acquisition. This turnkey operation includes all restaurant equipment and fixtures, making it an ideal opportunity for an owner-user seeking a profitable, established business with significant growth potential. The sale includes the building and land, offering a complete and attractive package for a discerning investor. The restaurant's established reputation and prime location in Lumberton, Texas, ensure a strong foundation for continued success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $570,000
      Market price range: $263k - $894k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lumberton
    County
    Hardin
    State
    Texas
    Longitude
    -94.1966
    Latitude
    30.2482
    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
    $6,785
    $66,645
    $310,094
    $376,739
    -
    $66,645
    $310,094
    $376,739

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      137 Oleander St

      COMMERCIAL (GENERAL) • 1.55 Acres
      137 Oleander St, Lumberton, TX 77657-7812
      View Details
    • Value Estimation by Request
      0.69 Acres

      9899 Golden Ln

      COMMERCIAL (GENERAL) • 0.69 Acres
      9899 Golden Ln, Lumberton, TX 77657-7960
      View Details
    • Value Estimation by Request
      1.61 Acres

      1555 Hwy 96th S

      COMMERCIAL (GENERAL) • 1.61 Acres
      1555 Hwy 96th S, Lumberton, TX 77657-7021
      View Details
    • Value Estimation
      $820,000
      19,360 SF

      9514 Ratliff St

      COMMERCIAL (GENERAL) • 19,360 SF
      9514 Ratliff St, Lumberton, TX 77657-6005
      View Details
    • Value Estimation by Request
      1,216 SF

      6635 Tulip

      COMMERCIAL (GENERAL) • 1,216 SF
      6635 Tulip, Lumberton, TX 77657-6889
      View Details
    • Value Estimation by Request
      1,408 SF

      3896 Sheffield Ln Trlr, Unit 12

      COMMERCIAL (GENERAL) • 1,408 SF
      3896 Sheffield Ln Trlr, Lumberton, TX 77657-7898
      View Details

    Similar Nearby for Sale

    • $3,900,000
      10.50 Acres

      Lumberton Commercial Land - 10.5 Acres

      Prime Lumberton commercial land, highway frontage.
      0000 Lhs Dr, Lumberton, TX 77657
      View Details
    • $280,309
      0.99 Acres

      Prime Lumberton Pad Site

      0.99-acre commercial land, ideal for retail or office.
      0 Main St, Lumberton, TX 77657
      View Details
    • $3,121,553
      11.90 Acres

      Lumberton, TX Commercial Land - Hwy 69

      11.9 Acres, Prime C-2 Zoning, High Traffic
      0 Us-69, Lumberton, TX 77657
      View Details
    • $1,500,000
      2.26 Acres

      Lumberton Corner Commercial Land

      High-traffic corner lot, ideal for QSR or financial use.
      401 Lhs Dr, Lumberton, TX 77657
      View Details
    • $450,000

      Freestanding Office/Retail Building For Sale

      Freestanding 2032 sq ft office/retail building with multiple offices.
      1465 Highway 96 S, Lumberton, TX 77657
      View Details
    • $3,900,000

      Lumberton 10-Acre Commercial Land

      10-acre wooded property with highway frontage in Lumberton, Texas.
      7774 S Lhs Dr, Lumberton, TX 77657
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      7,023 SF

      Lumberton Office Space: 160 Allen St

      Modern Office Suites, Hardin County, TX
      160 Allen St, Lumberton, TX 77657
      View Details
    • Contact for pricing

      Commercial Land on Highway 69

      2.82 acre commercial lot with high visibility.
      461 N Lhs Dr, Lumberton, TX 77657
      View Details
    • $12 SF/Yr
      1,700 SF

      Office Space on Main Street

      1,700 SF office space in growing Southeast Texas city.
      156 S Main St, Lumberton, TX 77657
      View Details
    • $12 SF/Yr
      17,040 SF

      Lumberton Retail Space Available

      Prime Retail/Office Space - Hwy 96 S
      801 Main St, Lumberton, TX 77657
      View Details
    • $600 /Mo

      Secure Shop Space For Rent

      60x20' shop in gated complex near Beaumont, customizable and secure.
      1171 S Main St, Lumberton, TX 77657
      View Details
    • $15 SF/Yr
      600 SF

      Lumberton Office Space For Rent

      600 SF office space featuring an open concept and bathroom.
      160 Allen St, Lumberton, TX 77657
      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.
    441 Main St
    Lumberton, TX 77657-7374
    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.