Corner Storefront
New
For Sale
Contact for pricing
307 South Gulf Boulevard, Freeport, TX 77541
Corner-positioned commercial space with street frontage and access suited to retail, office, restaurant, or professional service use.
Property Size436 SF
Price / SF$550.46
Days on Market7
Property Features for 307 South Gulf Boulevard
General Information
Standard status
Active
Size
436 SF
Property subtype
Retail, Office, Land
Lease Type
Net
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
2016
Year Renovated
2017
Listing Agency:
Birdsong Real Estate
(979) 264-9708
Listed By:
TANYA GARZA · License #740793
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 7:35AM
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 Birdsong Real Estate
Investment Insights
Based on property information with market context.
This storefront property occupies a corner position with street frontage and direct accessibility. The space is identified for a range of commercial applications, including retail, office, restaurant, salon, auto-related, and professional service uses.
Located at 307 South Gulf Boulevard in Freeport, Texas, the property was built in 2016. Its corner placement and frontage provide a visible commercial setting for an owner-user or business operator.
Located at 307 South Gulf Boulevard in Freeport, Texas, the property was built in 2016. Its corner placement and frontage provide a visible commercial setting for an owner-user or business operator.
Key Highlights
- Corner commercial property with street frontage
- Built in 2016
- Located at 307 South Gulf Boulevard in Freeport, TX 77541
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,279
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$145,580
$145.6K
Cap Rate 7%
$103,986
$104.0K
Cap Rate 9%
$80,878
$80.9K
Market Conditions
NOI Build-Up for 436 SF
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.
Gross rent
$12.9K $29.64/SF
− Vacancy
−$3.2K −$7.38/SF
EGI
$9.7K $22.26/SF
− OpEx
−$2.4K −$5.56/SF
NOI
$7.3K $16.69/SF
Area
Brazoria County, TX
Vacancy
24.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$145,580
Cap Rate 7%
$103,986
Cap Rate 9%
$80,878
Alternative Uses
Best Use
Office B
$104.0K
$91.0K – $121.3K
NOI $7,279 @ 7.0% cap · market cap 3.03%
Second Best
Specialty Retail
$90.5K
$79.2K – $105.6K
NOI $6,334 @ 7.0% cap · market cap 2.64%
Theoretical Best
Multifamily LT 5
$5.43M
$4.75M – $6.34M
NOI $380,205 @ 7.0% cap · market cap 158.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner-positioned commercial space with street frontage and access suited to retail, office, restaurant, or professional service use.
Where is this storefront property located?
The property is located at 307 South Gulf Boulevard Freeport, TX.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Corner commercial property with street frontage; Built in 2016; Located at 307 South Gulf Boulevard in Freeport, TX 77541
