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    Montgomery Flex Space For Lease Title is generated by Realmo AI

    18920 Freeport Dr, Montgomery, TX 77356

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    For Lease
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    Versatile property with office and warehouse spaces in prime location.

    Type:Retail, Office, Industrial
    Property size:
    12,000 SF
    Added:
    Dec 17, 2024
    Days on Market:
    513
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 18920 Freeport Dr

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    2012

    Spaces For Lease

    at 18920 Freeport Dr Contact us

    Suite 200 $12 /Mo

    Size
    2,400 SF
    Type
    Retail, Office, Industrial
    Suite 200- 2 rooms, private bathroom, large warehouse space with 2 overhead doors...
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    Contact us

    Suites 300 & 400 $12 /Mo

    Size
    4,800 SF
    Type
    Retail, Office, Industrial
    Suite 300 & 400 total +/- 4800 SF. 9 rooms, 3 office spaces, 2 private baths, large...
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    Contact us

    Suite 500 $12 /Mo

    Size
    2,400 SF
    Type
    Retail, Office, Industrial
    Suite 500 contains private office, 5 rooms, private bath, and warehouse space with...
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    Contact us

    Suite 600 $12 /Mo

    Size
    2,400 SF
    Type
    Retail, Office, Industrial
    Suite 600 contains private office, 3 rooms, private bath, and warehouse space with...
    show more
    Contact us

    We can help!

    Listing Contact
    Rockey Butler
    Rockey Butler

    Listing agent Rockey Butler License #TX 0789967

    Listing office Berkshire Hathaway HomeService

    Listing date Dec 17, 2024

    Source Crexi

    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 Berkshire Hathaway HomeService

    HighLights

    • Prime location on Freeport Drive, just off TX Hwy 105 with high traffic volume.
    • Versatile property with office and warehouse spaces.
    • Suites offer private baths and overhead doors.
    • Three‑phase power available in every suite.
    • Flexible lease options ranging from 2,400 SF to 12,000 SF.
    • Located in a thriving commercial area near restaurants, medical offices, and big‑box retailers.

    Overview

    This commercial property on Freeport Drive, near Highway 105 in Montgomery, TX, offers a leasing opportunity with versatile spaces. The property features five suites that combine office and warehouse functionalities. Each suite includes private bathrooms, overhead doors, and three-phase power. Lease options include a minimum of 2,400 square feet. Contiguous spaces of 4,800 square feet are available by leasing connected Suites 300 and 400. Up to 9,600 square feet of contiguous space can be created by connecting Suites 300, 400, 500, and 600. The space is expandable to 12,000 square feet by connecting Suite 200 to the other suites, encompassing the entire building. The location on Freeport Drive, just off TX Hwy 105, benefits from high traffic, with 21,800 vehicles per day. The surrounding commercial area includes restaurants, medical offices, and big-box retailers, making it suitable for businesses seeking a combination of office and warehouse space in a prime location.
    Location Intelligence

    Current Use by Public Records

    Disaster America Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.657838
    Latitude
    30.387404

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    FAQs

    What type of property is this?
    Flex space - Versatile property with office and warehouse spaces in prime location.
    Where is this flex space located?
    The property is located at 18920 Freeport Dr Montgomery, TX.
    What are key features of this property?
    This property features: Prime location on Freeport Drive, just off TX Hwy 105 with high traffic volume.; Versatile property with office and warehouse spaces.; Suites offer private baths and overhead doors.
    (936) 672-2859 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rockey Butler
    Rockey Butler
    Real Estate License ID: TX 0789967
    Learn More
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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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