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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8425 Memorial Blvd Port Arthur, TX 77640-7016

    • Community centers
    • 4,200 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5310427
    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

    • 5 Star Nutrition Port Arthur / (Bike/Boat/Book/etc) Store / Pharmacy
    • Spectrum Store / Telecommunications Service / Data Center
    • Great Clips / Hair Salon / Nail Salon

    Property Details for 8425 Memorial Blvd

    Year built
    2013
    Lot size
    0.79 lot acres
    Property size
    4,200 SF
    Property type
    Community centers
    APN
    049400-000-048851-00430
    APU
    4940000004885100430

    Description

    This exceptional Class A retail space, located at 8425 Memorial Blvd in Port Arthur, Texas, presents a unique investment opportunity. Part of the 7,560 square foot Park Central Crossing center, this 2,100 square foot end cap unit offers excellent visibility and accessibility. The property boasts a prime location with Highway 69 frontage, ensuring high traffic volume and strong brand exposure. The space itself measures approximately 30' x 70' and benefits from a newly renovated monument sign, further enhancing its visibility. The center is strategically positioned near significant anchors including Lowe's, Walmart Supercenter, and Academy, drawing substantial foot traffic and creating a synergistic retail environment. Built in 2012, the single-story building features a total of 54 parking spaces, ensuring ample customer parking. The property sits on a one-acre lot within Jefferson County (zip code 77640) and is part of a multi-tenant building with a total of three suites. This is an ideal location for businesses seeking high visibility and strong customer traffic in a thriving retail area.

    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
    -93.9895
    Latitude
    29.9419
    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
    $33,733
    $273,904
    $880,928
    $1,154,832
    -
    $273,904
    $880,928
    $1,154,832

    Comparable in this City

    • Value Estimation
      $550,000
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      8445 Memorial Blvd

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      8445 Memorial Blvd, Port Arthur, TX 77640-7003
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      10,563 SF

      2665 Aero Dr

      MINI-MALL • 10,563 SF
      2665 Aero Dr, Port Arthur, TX 77640-2189
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    • Value Estimation by Request
      1.78 Acres

      Sec Memorial Blvd & Jimmy Johnson Blvd

      Lifestyle centers • 1.78 Acres
      0 Sec Memorial Blvd & Jimmy Johnson Blvd, Port Arthur, TX 77640
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    • Value Estimation by Request
      5,796 SF

      1800 Woodworth Blvd

      MINI-MALL • 5,796 SF
      1800 Woodworth Blvd, Port Arthur, TX 77640-3935
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    • Value Estimation by Request
      6,860 SF

      2780 Hwy 365

      MINI-MALL • 6,860 SF
      2780 Hwy 365, Port Arthur, TX 77640-2157
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    • Value Estimation by Request
      5,548 SF

      8745 Memorial Blvd

      MINI-MALL • 5,548 SF
      8745 Memorial Blvd, Port Arthur, TX 77640-1874
      View Details

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    Similar Nearby for Lease

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      96,000 SF

      Port Arthur Retail Space For Lease

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      Retail Space in Power Center

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      Retail Development on Hwy 365

      Retail spaces available in new development on a well-traveled corridor.
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    • $1.75 SF/Yr
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      Memorial Blvd Retail Space For Lease

      Prime Jefferson County retail space, 1600 sq ft.
      8035 Memorial Blvd, Port Arthur, TX 77640
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      77,537 SF

      Prime Retail Land, Jefferson County

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    • $25 SF/Yr
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      Port Arthur Restaurant - 1673 SF

      Move-in ready restaurant, ample parking.
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    Port Arthur, TX 77640-7016
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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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