Two-Building Industrial Complex with
10 & 22 N Gulf Blvd Freeport, TX 77541
For Sale
$499,900
Two office-and-warehouse buildings on South Gulf Blvd with yard paving and multiple entrances for large equipment.
Property Size4,700 SF
Price / SF$106.36
Days on Market126
Property Features for 10 & 22 N Gulf Blvd
General Information
- Standard status
- Active
- Size
- 4,700 SF
Listing Agency:
Ambassador Realty
(979) 709-7653
Listed By:
Patricia Rodriguez · License #0461340
(979) 709-7653
Source:
Exprealty
Added: Mar 21
Changed: Jul 10
Last Checked: Jul 23 at 8:54AM
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 Ambassador Realty
Investment Insights
Based on property information with market context.
The property includes two buildings with offices and warehouse space, designed to accommodate operations requiring direct access for larger equipment. Building 10 S. Gulf Blvd includes a warehouse with two bay doors and cyclone fencing, supported by asphalt and concrete paved areas. Building 22 S. Gulf Blvd features a large-shop style warehouse door and substantial paved areas as well, with the buildings separated across the combined site for flexible use.
Located on South Gulf Blvd in Freeport, TX, the site is positioned for visibility and practical access, with multiple entrances indicated for equipment movement between structures. The listing references a combined footprint of more than 1.5 acres and describes “magnificent road frontage” along South Gulf Blvd.
For buyers, the configuration supports owner-occupiers who want office space alongside warehouse operations, while still retaining flexibility for storage, distribution, or other light industrial and commercial uses consistent with the property’s current warehouse/offices layout. The property is currently rented at 22 S. Gulf Blvd, with the listing noting potential for lease extension, or the option to bring the whole site under single ownership based on your operating plan.
Located on South Gulf Blvd in Freeport, TX, the site is positioned for visibility and practical access, with multiple entrances indicated for equipment movement between structures. The listing references a combined footprint of more than 1.5 acres and describes “magnificent road frontage” along South Gulf Blvd.
For buyers, the configuration supports owner-occupiers who want office space alongside warehouse operations, while still retaining flexibility for storage, distribution, or other light industrial and commercial uses consistent with the property’s current warehouse/offices layout. The property is currently rented at 22 S. Gulf Blvd, with the listing noting potential for lease extension, or the option to bring the whole site under single ownership based on your operating plan.
Key Highlights
- Two office‑and‑warehouse buildings on South Gulf Blvd in Freeport, Tx, on over 1.5 acres total.
- 10 S. Gulf Blvd: 2,200 SF building plus 3,914 SF asphalt paving and 6,658 SF concrete paved area; cyclone fencing and 2 warehouse bay doors.
- 10 S. Gulf Blvd on almost half an acre with warehouse access designed for large equipment.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $8.04 |
| − Vacancy | −$3.2k | −$0.68 |
| EGI | $34.6k | $7.36 |
| − OpEx | −$5.2k | −$1.10 |
| NOI | $29.4k | $6.25 |
4,700 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 15.70%
Second Best
Warehouse
$419.9K
$367.4K – $489.8K
NOI $29,390 @ 7.0% cap · market cap 5.88%
Theoretical Best
Multifamily LT 5
$58.55M
$51.23M – $68.31M
NOI $4,098,536 @ 7.0% cap · market cap 819.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Chargrillaz BBQ LLC — 923 N Brazosport Blvd, Freeport, TX 77541
FAQs
What type of property is this?
Flex space - Two office-and-warehouse buildings on South Gulf Blvd with yard paving and multiple entrances for large equipment.
Where is this flex space located?
The property is located at 10 & 22 N Gulf Blvd Freeport, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two office‑and‑warehouse buildings on South Gulf Blvd in Freeport, Tx, on over 1.5 acres total.; 10 S. Gulf Blvd: 2,200 SF building plus 3,914 SF asphalt paving and 6,658 SF concrete paved area; cyclone fencing and 2 warehouse bay doors.; 10 S. Gulf Blvd on almost half an acre with warehouse access designed for large equipment.
