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    8701 Memorial Blvd Port Arthur, TX 77640-1554
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    Property profile & analytics

    8701 Memorial Blvd Port Arthur, TX 77640-1554

    View on Map
    • Drive through restaurants
    • 4,532 SF
    • 0.75 lot acres
    Off-Market
    Last Sale Mar 24, 2020
    Property ID
    US82-7308218
    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.
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chick-fil-a / Restaurant / Take-out & Catering

    Property Details for 8701 Memorial Blvd

    Year built
    2009
    Lot size
    0.75 lot acres
    Property size
    4,532 SF
    Property type
    Drive through restaurants
    APN
    059150-000-000200-00000
    APU
    5915000000020000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $730,000
      Current use
      COMMERCIAL (GENERAL)
      $620,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Arthur
    County
    Jefferson
    State
    Texas
    Longitude
    -93.9954
    Latitude
    29.9457
    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
    $33,796
    $327,570
    $975,807
    $1,303,377
    -
    $327,570
    $975,807
    $1,303,377

    Comparable in this City

    • Value Estimation
      $570,000
      2,712 SF

      2840 Hwy 365

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,712 SF
      2840 Hwy 365, Port Arthur, TX 77640-1531
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    • Value Estimation by Request
      558 SF

      1848 Bluebonnet Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 558 SF
      1848 Bluebonnet Ave, Port Arthur, TX 77640-4403
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    • Value Estimation
      $615,000
      2,924 SF

      8435 Memorial Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,924 SF
      8435 Memorial Blvd, Port Arthur, TX 77640-7010
      View Details
    • Value Estimation by Request
      1,518 SF

      2376 66th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,518 SF
      2376 66th St, Port Arthur, TX 77640-1600
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    • Value Estimation by Request
      540 SF

      1249 Gulfway Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 540 SF
      1249 Gulfway Dr, Port Arthur, TX 77640-4324
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    • Value Estimation by Request
      3,279 SF

      1201 Gulfway Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,279 SF
      1201 Gulfway Dr, Port Arthur, TX 77640-4324
      View Details

    Similar Nearby for Sale

    • $125,000

      Commercial Corner Lot in Port Arthur

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      Port Arthur Commercial Lot For Sale

      Commercial lot in Port Arthur, Texas, totaling approximately 0.57 acres.
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    Similar Nearby for Lease

    • 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
    • $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

      Power Center Anchored by Ross

      96,000 SF power center with high visibility and access.
      8825 Memorial Blvd, Port Arthur, TX 77640
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    • 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
    • $1,495 /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
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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

    Property Visit Statistics

    • Visits by month
      64.4k
    • Visitors by month
      37.4k
    • Avg Time on site
      13 min
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    Port Arthur, TX 77640-1554
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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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    8701 Memorial Blvd, Port Arthur, TX, 77640
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