Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    623 N Main St Liberty, TX 77575

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,150,000

    Office complex with apartment near Town Square and Courthouse.

    Property size:
    8,300 SF
    Lot size:
    0.42 Acres

    Property Features for 623 N Main St

    General Information

    Size
    8,300 SF
    Lot size
    0.42 Acres

    We can help!

    Listing Contact
    Kenneth L. Coleman
    Source: Moodyscre

    Listing Agency: Arrow Realty Listing Agent: Kenneth L. Coleman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Complex with Apartment

    This property features an office complex comprising nine distinct office spaces, complemented by a two-story, one-bedroom apartment. It is situated on a corner lot and offers ample parking. The property is located three blocks from the Town Square and Courthouse. The office spaces are currently 100% leased. The apartment building manager is willing to continue in their role. The property may be suitable for a 1031 Exchange. The property has a size of 8,300 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Liberty
    State
    Texas
    Longitude
    -94.796263
    Latitude
    30.061746

    Nearby Similar for Sale

    • $399,500
      1.93 Acres

      Versatile Warehouses in Liberty, Texas

      Three warehouse buildings on 1.05 acres in Liberty, Texas.
      86 Fm 770 Rd, Liberty, TX 77575
      View Details
    • $975,000
      7 SF

      Liberty, Texas Investment Opportunity

      Commercial building with residential apartment, 90% leased, steady cash flow.
      623 N Main St, Liberty, TX 77575
      View Details
    • $449,500
      7,300 SF

      Storage Facility with Expansion Potential

      Two-acre storage facility with expansion and warehouse building.
      1609 Lakeland Dr, Liberty, TX 77575
      View Details
    • $395,000
      3,230 SF

      Courthouse Square Commercial Property

      3,230 sq ft commercial property in high-traffic area.
      1939 Trinity St, Liberty, TX 77575
      View Details
    • $500,000

      32-Acre Wooded Property in Liberty

      32-acre wooded property in Southeast Texas, one hour from Houston.
      20575 N St Hwy, Liberty, TX 77575
      View Details
    • $1,150,000

      Spacious Home with Recreational Amenities

      Property with a home, bunker, and recreational features near Houston.
      20585 N St Hwy 146 N, Liberty, TX 77575
      View Details
    • $350,000

      Liberty Warehouse with Freezer Space

      Warehouse with office, freezer, and covered dock space available.
      5199 N Main St, Liberty, TX 77575
      View Details
    • $100,000

      2.85 Acres Ready for Development

      2.85 acres with pond, storage, ready for new construction.
      5296 Fm 563 Rd, Liberty, TX 77575
      View Details
    • $349,900

      Highway 90 Commercial Property

      Commercial property on Highway 90 with two buildings.
      3502 Highway 90 E, Liberty, TX 77575
      View Details
    • $89,900

      Two Acre Prime Location

      Two acre property on SH 105 with utilities access.
      105 Avenue E, Liberty, TX 77575
      View Details
    • $300,000

      Spacious Rural Property For Sale

      10.4 acre property in a picturesque rural setting.
      158 Tbd County Rd, Liberty, TX 77575
      View Details
    • $450,000

      Unrestricted Land Near Highway 90

      10 unrestricted acres with electricity near US HWY 90.
      Us-90, Liberty, TX 77575
      View Details

    FAQs

    What type of property is this?
    Office space - Office complex with apartment near Town Square and Courthouse.
    Where is this office space located?
    The property is located at 623 N Main St Liberty, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - 100% office space leased, providing immediate income.; - Includes a unique 2-story, 1-bedroom apartment.; - Great 1031 Exchange Property.
    (713) 304-7406
    Request Owner's contact information
    623 N Main St Liberty, TX 77575
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    623 N Main St
    Liberty, TX 77575
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    623 N Main St Liberty, TX 77575
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kenneth L. Coleman
    (713) 304-7406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.