Industrial Property with Credit
2730 FM523, Freeport, TX 77541
For Sale
Contact for pricing
Industrial property leased to Ferguson, a BBB+ rated tenant.
Property Size22,000 SF
Lot Size4.30 Acres
Price / SF$128
Days on Market286
Property Features for 2730 FM523
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Craig Elster · License CA #01958307
(949) 419-3223
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Apr 24 at 5:57PM
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 Marcus & Millichap - Orange County
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Investment Insights
Based on property information with market context.
The property is an industrial site occupied by Ferguson (NYSE: FERG), a BBB+ rated industrial tenant with over 1,750 locations across the U.S. and Canada. Ferguson has operated at this location for over 9 years and recently committed to a 3-year lease extension. The property is situated on a 4.3-acre lot, providing ample space for outdoor storage. The tenant is backed by a corporation with over $30 billion in annual revenue. Ferguson is the largest U.S. distributor of plumbing supplies, PVF, waterworks, and fire and fabrication products. The tenant is listed on the NYSE (FERG) with a market capitalization exceeding $49 billion. The property contains 22,000 square feet. The roof was replaced in 2025. Ferguson's business model is suited to thrive in various economic conditions.
Key Highlights
- High Credit Tenant: Ferguson, BBB+ rated with over $30 billion in annual revenue.
- Mission‑Critical Location: Operated by Ferguson for over 9 years with recent 3‑year lease extension.
- Large 4.3‑Acre Lot: Offers ample space for highly desirable outdoor storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,568
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,751,360
$2.8M
Cap Rate 7%
$1,965,257
$2.0M
Cap Rate 9%
$1,528,533
$1.5M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$176.9K $8.04/SF
− Vacancy
−$15.0K −$0.68/SF
EGI
$161.8K $7.36/SF
− OpEx
−$24.3K −$1.10/SF
NOI
$137.6K $6.25/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,751,360
Cap Rate 7%
$1,965,257
Cap Rate 9%
$1,528,533
Alternative Uses
Best Use
Warehouse
$1.97M
$1.72M – $2.29M
NOI $137,568 @ 7.0% cap · market cap 4.89%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,292 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$5.62M
$4.91M – $6.55M
NOI $393,069 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 77541, TX
16,441
Population
9,292
Households
1.8
Avg Household Size
38
Median Age
10%
College-Educated
82%
High-School Grad
141.7 sq mi
ZIP Area
116
Density / Sq Mi
$59,513
Median Household Income
$36,661
Median Earnings
$1,102
Median Rent
$162,800
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Brazoria County, TX
Properties on Market for Warehouses in Brazoria County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- CubeSmart Self Storage — 1932 FM523, Freeport, TX 77541
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property leased to Ferguson, a BBB+ rated tenant.
Where is this warehouse located?
The property is located at 2730 FM523 Freeport, TX.
What is the asking price?
The asking price for this property is $2,816,000.
What are key features of this property?
This property features: High Credit Tenant: Ferguson, BBB+ rated with over $30 billion in annual revenue.; Mission‑Critical Location: Operated by Ferguson for over 9 years with recent 3‑year lease extension.; Large 4.3‑Acre Lot: Offers ample space for highly desirable outdoor storage.
