Mixed-Use
1 S GULF BLVD, Freeport, TX 77541
For Sale
Contact for pricing
Constructed in 1980, the property offers an established commercial building at a Gulf Boulevard address in Freeport.
Property Size4,524 SF
Price / SF$93.94
Days on Market98
Property Features for 1 S GULF BLVD
General Information
Standard status
Size
Property subtype
Investment Type
Building Details
Year Built
Units
Listing Agency:
LaChance Group JLA Realty
Listed By:
Josie LaChance · License TX #683189
Source:
Crexi
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 8 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LaChance Group JLA Realty
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Investment Insights
Based on property information with market context.
This mixed-use property comprises 4,524 square feet and was constructed in 1980. The building is located at 1 S Gulf Blvd in Freeport, Texas.
Key Highlights
- 4,524 SF property size
- Constructed in 1980
- Located at 1 S Gulf Blvd in Freeport, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,323
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,460
$746.5K
Cap Rate 7%
$533,186
$533.2K
Cap Rate 9%
$414,700
$414.7K
Market Conditions
NOI Build-Up for 4,524 SF
Gross rent
$67.9K $15.00/SF
− Vacancy
−$8.1K −$1.80/SF
EGI
$59.7K $13.20/SF
− OpEx
−$22.4K −$4.95/SF
NOI
$37.3K $8.25/SF
Area
Brazoria County, TX
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,460
Cap Rate 7%
$533,186
Cap Rate 9%
$414,700
Alternative Uses
Best Use
Office B
$1.08M
$944.1K – $1.26M
NOI $75,527 @ 7.0% cap · market cap 17.77%
Second Best
Mixed Use
$533.2K
$466.5K – $622.1K
NOI $37,323 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,829 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 77541, TX
16,441
Population
9,292
Households
1.8
Avg Household Size
38
Median Age
10%
College-Educated
82%
High-School Grad
141.7 sq mi
ZIP Area
116
Density / Sq Mi
$59,513
Median Household Income
$36,661
Median Earnings
$1,102
Median Rent
$162,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Constructed in 1980, the property offers an established commercial building at a Gulf Boulevard address in Freeport.
Where is this mixed-use property located?
The property is located at 1 S GULF BLVD Freeport, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,524 SF property size; Constructed in 1980; Located at 1 S Gulf Blvd in Freeport, TX
