Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    235 Leeward Way Freeport, TX 77541

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Recreational lot with canal front, near Surfside Beach.

    Lot size:
    0.11 Acres

    Property Features for 235 Leeward Way

    General Information

    Standard status
    Active
    Lot size
    0.11 Acres

    We can help!

    Listing Contact
    Nancie Irwin
    Nancie Irwin
    Source: Corcoran

    Listing Agency: AMERICAN REALTY Listing Agent: Nancie Irwin

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

    Learn more

    Overview

    Canal Front Recreational Resort Lot

    This recreational resort lot is located with canal front in the Turtle Cove Community. The property is situated minutes from Surfside Beach and 30 minutes from Galveston. The property includes community water well access. The property does not have septic.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Hotel & Motel Bar & Pub Electronics & Wireless Store Electrical Service Nursing Home (Bike/Boat/Book/etc) Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Brazoria
    State
    Texas
    Longitude
    -95.307203
    Latitude
    29.001713

    Nearby Similar for Sale

    • $125,000
      2,700 SF

      Freeport Multifamily Property Near Beach

      15-unit multifamily property in coastal Freeport, near beach and parks.
      218 West Broad St, Freeport, TX 77541
      View Details
    • $575,000
      Pending

      Freeport Commercial Property For Sale

      Commercial property with high traffic location near major employers.
      2005 north Brazosport Blvd, Freeport, TX 77541
      View Details
    • $650,000
      7,560 SF

      Freeport Commercial Property For Sale

      7,560 SF commercial property on 0.86 acres in Freeport, TX.
      302 South Ave, Freeport, TX 77541
      View Details
    • $249,900
      1,976 SF

      Remodeled Freeport Commercial Building For Sale

      Remodeled commercial building near Highway 288 and Nolan Ryan Freeway.
      1301 Ave N, Freeport, TX
      View Details
    • $325,000

      Four-Unit Residential Investment Opportunity

      Four residential units, each with two bedrooms and one bathroom.
      126 W 6 St, Freeport, TX 77541
      View Details
    • Contact for pricing

      Freeport Commercial Property For Sale

      Commercial property in Freeport near Brazos River, restaurants, and industry.
      613 Ave S, Freeport, TX
      View Details
    • $105,000
      2,000 SF

      Freeport Commercial Property For Sale

      Commercial property in Freeport, TX, with approximately 2,000 square feet.
      613 Avenue C S, Freeport, TX 77541
      View Details
    • $330,000
      87,120 SF

      Freeport Bar & Restaurant - Prime Location

      High-traffic bar/restaurant, redevelopment potential.
      307 Gulf Blvd, Freeport, TX 77541
      View Details
    • $839,000
      4,500 SF

      New Luxury Estate with Creek

      New custom-built estate with creek frontage and pond on 10 acres.
      1295 Brazos River Rd, Freeport, TX 77541
      View Details
    • $125,000

      Multifamily Property Near Coastal Location

      15-unit multifamily property with beach and park access.
      218 W Broad St, Freeport, TX 77541
      View Details
    • $575,000
      2,500 SF

      Freeport Retail Investment Opportunity

      High-traffic corner lot, multi-use potential.
      1208 Brazosport Blvd, Freeport, TX 77541
      View Details
    • $395,000
      8,450 SF

      Freeport Industrial Distribution Center

      8,450 SF Warehouse, Owner/User Opportunity
      6406 Tx-332, Freeport, TX 77541
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational lot with canal front, near Surfside Beach.
    Where is this recreation land located?
    The property is located at 235 Leeward Way Freeport, TX.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Canal front lot offering waterfront living.; - Located in the desirable Turtle Cove Community.; - Minutes from Surfside Beach, perfect for beach lovers.
    (979) 373-8187
    Request Owner's contact information
    235 Leeward Way Freeport, TX 77541
    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.
    235 Leeward Way
    Freeport, TX 77541
    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
    235 Leeward Way Freeport, TX 77541
    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
    Nancie Irwin
    Nancie Irwin
    (979) 373-8187 (979) 292-0010 (979) 297-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!