13,775 SF Houston
For Sale
Contact for pricing
Pending
705 Freeport St, Houston, TX 77015
Warehouse building for sale, ideal for manufacturing and distribution.
Property Size13,775 SF
Days on Market193
Property Features for 705 Freeport St
General Information
Standard status
Pending
Size
13,775 SF
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1978
Buildings
1
Stories
1
Units
1
Listing Agency:
Global Investment Realty
(713) 240-6822
Listed By:
Rigoberto Juarez · License #435128
Source:
Crexi
Added: Feb 18
Changed: Aug 23
Last Checked: Aug 29 at 11:45PM
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 Global Investment Realty
Investment Insights
Based on property information with market context.
The property features a 13,775-square-foot metal building currently owner-occupied and utilized for storing dry goods and heavy equipment. The building is in excellent condition and has a history of warehouse use. Located in a growing area with convenient access to the Port of Houston, the site is suitable for manufacturing and distribution operations. Ownership is open to either selling the building.
Key Highlights
- 13,775 sq ft metal building - Ideal for warehouse use.
- Ideal for manufacturing and distribution operations.
- Convenient access to the Port of Houston.
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
$101,388
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
6.76%
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%
$2,027,760
$2.0M
Cap Rate 7%
$1,448,400
$1.4M
Cap Rate 9%
$1,126,533
$1.1M
Market Conditions
NOI Build-Up for 13,775 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
$132.2K $9.60/SF
− Vacancy
−$13.0K −$0.94/SF
EGI
$119.3K $8.66/SF
− OpEx
−$17.9K −$1.30/SF
NOI
$101.4K $7.36/SF
Area
Houston, TX
Vacancy
9.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,027,760
Cap Rate 7%
$1,448,400
Cap Rate 9%
$1,126,533
Alternative Uses
Best Use
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,388 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$1.11M
$970.9K – $1.29M
NOI $77,670 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,950 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building for sale, ideal for manufacturing and distribution.
Where is this warehouse located?
The property is located at 705 Freeport St Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 13,775 sq ft metal building - **Ideal for warehouse use.**; Ideal for manufacturing and distribution operations.; Convenient access to the Port of Houston.
