Corner Property with Flexible Metal
601 Franklin St Liberty, TX 77575
For Sale
$345,000
Versatile property with renovated office, workshop, and fenced lots.
Property Size3,200 SF
Price / SF$107.81
Days on Market105
Property Features for 601 Franklin St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Land
Listing Agency:
Boom Real Estate
(832) 814-4070
Listed By:
Tatum MacNaughton
(832) 814-4070
Source:
Elliman
Added: Apr 11
Changed: Jul 10
Last Checked: Jul 23 at 9:35AM
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 Boom Real Estate
Investment Insights
Based on property information with market context.
This versatile corner property spans three lots and features a 40x80 all-metal building designed for efficiency and flexibility. The interior includes a renovated office space measuring 15x9, a break room of 18x7, and a large 9x4 bathroom, all updated in 2021 with new sheetrock, framing, tile, paint, fixtures, and doors. A 400 square foot storage area is located above the office. The office space is climate-controlled with mini-splits. The workshop provides 24-foot clear height, two bay doors for pull-through access, and an open layout without interior columns. Exterior features include two fenced lots and a 30x90 concrete slab. Utilities available are 220V single-phase electricity, city water and sewer, and natural gas. The property is located blocks from Highway 90, with TxDOT estimating traffic counts between 8,000 and 15,000 vehicles per day, offering easy access to the highway. This property presents an opportunity for owner-users or investors seeking space, accessibility, and future potential.
Key Highlights
- Versatile corner property spanning three lots with a 40x80 all‑metal building.
- Workshop with 24’ clear height and two bay doors for pull‑through access.
- Renovated interior office, break room, and bathroom (2021).
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 | $24.8k | $7.76 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $23.3k | $7.27 |
| − OpEx | −$3.5k | −$1.09 |
| NOI | $19.8k | $6.18 |
3,200 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$282.5K
$247.2K – $329.6K
NOI $19,777 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$232.7K
$203.6K – $271.5K
NOI $16,287 @ 7.0% cap · market cap 4.72%
Theoretical Best
Multifamily LT 5
$35.88M
$31.39M – $41.86M
NOI $2,511,372 @ 7.0% cap · market cap 727.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Versatile property with renovated office, workshop, and fenced lots.
Where is this flex space located?
The property is located at 601 Franklin St Liberty, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Versatile corner property spanning three lots with a 40x80 all‑metal building.; Workshop with **24’ clear height** and **two bay doors** for pull‑through access.; Renovated interior office, break room, and bathroom (2021).
