Corner Property with Flexible Metal
For Sale
$297,500
601 Franklin Street, Liberty, TX 77575
Versatile property with renovated office, workshop, and fenced lots.
Property Size3,200 SF
Price / SF$92.97
Days on Market188
Property Features for 601 Franklin Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$2,383
Amenities
Fenced
Cleared,Corner Lot
Public
15003
0.3444
Appraiser
Asphalt,Gravel
Listing Agency:
Martha Turner Sotheby's International Realty
(281) 444-5140
Listed By:
Alec Waller
(832) 748-1915
Source:
Garygreene
Added: Apr 10
Changed: Oct 13
Last Checked: Oct 12 at 6:26PM
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 Martha Turner Sotheby's International Realty
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
Estimated NOI and Cap Rate
NOI / Yr
$16,287
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,740
$325.7K
Cap Rate 7%
$232,671
$232.7K
Cap Rate 9%
$180,967
$181.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$24.8K $7.76/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$23.3K $7.27/SF
− OpEx
−$7.0K −$2.18/SF
NOI
$16.3K $5.09/SF
Area
Liberty County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,740
Cap Rate 7%
$232,671
Cap Rate 9%
$180,967
Alternative Uses
Best Use
Industrial
$232.7K
$203.6K – $271.5K
NOI $16,287 @ 7.0% cap · market cap 5.47%
Second Best
Flex RnD
$218.6K
$191.3K – $255.0K
NOI $15,302 @ 7.0% cap · market cap 5.14%
Theoretical Best
Multifamily LT 5
$35.88M
$31.39M – $41.86M
NOI $2,511,372 @ 7.0% cap · market cap 844.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77575, TX
15,768
Population
7,059
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
80%
High-School Grad
238.1 sq mi
ZIP Area
66
Density / Sq Mi
$52,238
Median Household Income
$33,168
Median Earnings
$953
Median Rent
$161,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
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 Street Liberty, TX.
What is the asking price?
The asking price for this property is $297,500.
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).
