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    Casko Rd Freeport, TX 77541

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    For Sale
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    13.48 Acres, Mixed-Use Development Opportunity.

    Property Features for 0 Casko Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    587,189 SF

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    Listing Contact
    Sherrie Bass

    Listing Agency: BLUEWATER REALTY Listing Agent: Sherrie Bass

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

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    Overview

    This exceptional 13.48-acre property in Freeport, Texas, boasts prime Intracoastal Waterway frontage. Located on Casko Rd, in Brazoria County, zip code 77541 (28.956163, -95.298195), this mixed-use land presents a unique investment opportunity. Its strategic location offers easy access to the Gulf of Mexico via the Freeport Jetties and the Port of Freeport's turn basin. The property's versatility allows for diverse development options, including residential construction or redevelopment into a marina, mirroring its past use. Surrounding the property are various businesses and amenities, including industrial facilities, marinas, restaurants, bait camps, and residential areas, creating a vibrant and established community. The asking price is $4,300,000. Historical photos showcase the property's previous use as a marina, illustrating its potential for future development. This is a rare chance to acquire a significant waterfront parcel with substantial redevelopment potential in a thriving Texas coastal community. The property's size and location make it ideal for a variety of projects, catering to both commercial and residential interests. Consider the possibilities and envision the future of this remarkable waterfront property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Brazoria
    State
    Texas
    Longitude
    -95.298195
    Latitude
    28.956163

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    FAQs

    What type of property is this?
    Mixed-use property - 13.48 Acres, Mixed-Use Development Opportunity.
    Where is this mixed-use property located?
    The property is located at Casko Rd Freeport, TX.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 13.48-acre mixed-use waterfront property in Freeport, TX.; Prime Intracoastal Waterway frontage on Casko Rd, Brazoria County, 77541.; $4,300,000 asking price.
    (979) 233-7873 Call to check price and availability
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    Casko Rd Freeport, TX 77541
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    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
    Casko Rd Freeport, TX 77541
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    Contact for Pricing
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    and status of this listing
    Sherrie Bass
    Real Estate License ID: 0477268
    (979) 233-7873 (979) 482-1006 (979) 233-1812
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