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    Property profile & analytics

    8585 Memorial Blvd Port Arthur, TX 77640-7012

    • Individual retail properties
    • 203,821 SF
    • 19.73 lot acres
    OFF-MARKET
    Value Estimations
    $24,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3402003
    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

    • First Convenience Bank / Bank / Loan Service
    • Walmart Photo Center / (Bike/Boat/Book/etc) Store
    • Coinstar / Bank / Credit Union
    • Amazing Point of View / Physician
    • Minute Key / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 8585 Memorial Blvd

    Year built
    2001
    Lot size
    19.73 lot acres
    Property size
    203,821 SF
    Property type
    Individual retail properties
    APN
    049400-000-048851-00300
    APU
    4940000004885100300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $22,452,000
      Market price range: $14.2M - $32.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $22,555,000
      Current use
      RESTAURANT
      $32,825,000
      Change: +46% Conversion: Easy
      COMMERCIAL (GENERAL)
      $27,790,000
      Change: +23% Conversion: Easy
      MEDICAL BUILDING
      $18,120,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9935
    Latitude
    29.9425
    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
    $370,673
    $2,724,396
    $9,965,341
    $12,689,737
    -
    $2,724,396
    $9,965,341
    $12,689,737

    Comparable in this City

    • Value Estimation
      $7,850,000
      61,561 SF

      8453 Memorial Blvd

      APPLIANCE STORE • 61,561 SF
      8453 Memorial Blvd, Port Arthur, TX 77640-7010
      View Details
    • Value Estimation by Request
      720 SF

      2015 Bluebonnet Ave

      BARBER, HAIR SALON • 720 SF
      2015 Bluebonnet Ave, Port Arthur, TX 77640-4502
      View Details
    • Value Estimation
      $16,270,000
      134,056 SF

      8383 Memorial Blvd

      APPLIANCE STORE • 134,056 SF
      8383 Memorial Blvd, Port Arthur, TX 77640-7008
      View Details
    • Value Estimation by Request
      640 SF

      2435 67th St

      BARBER, HAIR SALON • 640 SF
      2435 67th St, Port Arthur, TX 77640-6966
      View Details
    • Value Estimation by Request
      2,660 SF

      148 Rev Ransom Howard St

      BARBER, HAIR SALON • 2,660 SF
      148 Rev Ransom Howard St, Port Arthur, TX 77640
      View Details
    • Value Estimation by Request
      728 SF

      1101 Gulfway Dr

      BARBER, HAIR SALON • 728 SF
      1101 Gulfway Dr, Port Arthur, TX 77640-4322
      View Details

    Similar Nearby for Sale

    • $114,900
      0.57 Acres

      Port Arthur Commercial Lot For Sale

      Commercial lot in Port Arthur, Texas, totaling approximately 0.57 acres.
      2145 Memorial Blvd, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Port Arthur Lot For Sale

      5,400 sqft lot in Port Arthur, TX available now!
      1215 W 5Th St, Port Arthur, TX 77640
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      Pending

      Large Lot Near Sabine Lake

      7,000 sq ft lot near Sabine Lake.
      624 W 5Th St, Port Arthur, TX 77640
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    • Contact for pricing

      Port Arthur Undeveloped Land

      Undeveloped land ideal for sales, distribution, or service.
      101 Highway 365, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Land in Gated Community

      Land for recreation in a gated, peaceful waterfront community.
      000 Southwind, Port Arthur, TX 77640
      View Details

    Similar Nearby for Lease

    • $1,495 /Mo
      600 SF

      Retail Development on Hwy 365

      Retail spaces available in new development on a well-traveled corridor.
      3400 Fm 365 Rd, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Power Center Anchored by Ross

      96,000 SF power center with high visibility and access.
      8825 Memorial Blvd, Port Arthur, TX 77640
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space in Power Center

      Retail space available in a high-traffic shopping center.
      8825 Memorial Blvd, Port Arthur, TX 77640
      View Details
    • $1,395 /Mo
      2,400 SF

      Dual Restaurant Facility For Rent

      Move-in ready restaurant facility with shared infrastructure and existing franchise.
      2440 Fm 365 Rd, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Prime Corner Pad Site Available

      1.78 AC pad site for ground lease in Port Arthur.
      Memorial Blvd, Port Arthur, TX 77640
      View Details
    • Contact for pricing

      Former Drive-In Restaurant Available

      Former drive-in restaurant with covered stalls and equipment.
      6767 W Port Arthur Rd, Port Arthur, TX 77640
      View Details

    Property Visit Statistics

    • Visits by month
      261.4k
    • Visitors by month
      117.6k
    • Avg Time on site
      35 min
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    8585 Memorial Blvd
    Port Arthur, TX 77640-7012
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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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