Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Freeport, Texas Title is generated by Realmo AI

    NWQ E Highway 322, Freeport, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Located at the NWQ of E. Hwy. 332 and FM 523 Rd.

    Type:LAND
    Lot size:
    383.00 Acres
    Added:
    Apr 14, 2023
    Days on Market:
    1140
    Last Refresh:
    May 19 at 8:33 pm

    Property Features for NWQ E Highway 322

    General Information

    Standard status
    Active
    Lot size
    383.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Mark Nicholas, SIOR
    Mark Nicholas, SIOR

    Listing agent Mark Nicholas, SIOR License #644062

    Listing office JLL - Houston

    Listing date Apr 14, 2023

    Source Moodyscre

    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 JLL - Houston

    HighLights

    • Located outside of any floodplain.
    • NWQ of E. Hwy. 332 and FM 523 Rd location.
    • Brazosport Water Authority utilities.
    • Low Tax Rate: $1.87 per $100 Value.
    • Within Freeport Levy.
    • Located in Brazoria County.

    Overview

    Located at the northwest quadrant of East Highway 332 and Farm to Market Road 523 in Freeport, Texas, this commercial land benefits from the Brazosport Water Authority for utilities. The property is situated outside of any floodplain, within the Freeport Levy, and falls under the jurisdiction of Brazoria County. The tax rate is $1.87 per $100 valuation.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Freeport
    County
    Brazoria
    State
    Texas
    Longitude
    -95.3597
    Latitude
    28.9541

    Nearby Similar for Sale

    • $585,000
      7,560 SF

      Freeport Commercial Property For Sale

      7,560 SF commercial property on 0.86 acres in Freeport, TX.
      302 South Avenue B, Freeport, TX 77541
      View Details
    • $125,000
      34,375 SF

      Commercial Land in Freeport, TX

      0.79 acre commercial lot suitable for various business sites.
      0 N. VELASCO BLVD., Freeport, TX 77541
      View Details
    • $700,000

      Waterfront Land on Old Brazos

      2.93 acres with 349' river frontage, city utilities.
      524/614 Mystery Harbor Lane, Freeport, TX 77541
      View Details
    • $395,000
      3,200 SF

      Freeport Commercial Land on Slab

      0.86 acre commercial land with concrete slab in Freeport, TX.
      515 South Avenue A, Freeport, TX 77541
      View Details
    • Contact for pricing
      4,524 SF

      Freeport Warehouse with Recent Upgrades

      Spacious warehouse in Freeport with new roof and lighting.
      515 W. 2nd, Freeport, TX 77541
      View Details
    • $1,500,000

      Freeport Waterfront Land For Sale

      56.596 acres of waterfront land in Freeport, Texas.
      Tbd County Road 257, Freeport, TX 77541
      View Details
    • $2,816,000
      22,000 SF

      NNN Industrial Property For Sale

      NNN industrial property with high credit tenant and recent improvements.
      2730 FM523, Freeport, TX 77541
      View Details
    • $239,900
      1,976 SF

      Remodeled Freeport Commercial Building For Sale

      Remodeled commercial building near Highway 288 and Nolan Ryan Freeway.
      1301 N Avenue H, Freeport, TX
      View Details
    • Contact for pricing
      46,401 SF

      Freestanding Building with Outdoor Storage

      46,401 SF building with secured outdoor storage in Freeport.
      6711 E Highway 332, Freeport, TX 77541
      View Details
    • $58,500

      Coastal Lot on Bluewater Highway

      Vacant lot near beach access and kayak entrance.
      5643 Bluewater Highway, Freeport, TX 77541
      View Details
    • $999,990

      23.6 Acres on Intracoastal Canal

      23.6 acres of commercial land with Intracoastal Canal frontage.
      000 Canal Drive, Freeport, TX 77541
      View Details
    • $1,400,000
      6,000 SF

      Industrial Property on Nolan Ryan Expressway

      Industrial property with value-add potential in Freeport, Texas.
      1501 Yellowstone St, Freeport, TX 77541
      View Details

    FAQs

    What type of property is this?
    Land - Located at the NWQ of E. Hwy. 332 and FM 523 Rd.
    Where is this land located?
    The property is located at NWQ E Highway 322 Freeport, TX.
    What are key features of this property?
    This property features: Located outside of any floodplain.; NWQ of E. Hwy. 332 and FM 523 Rd location.; Brazosport Water Authority utilities.
    (713) 805-6330 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Nicholas, SIOR
    Mark Nicholas, SIOR
    Real Estate License ID: 644062
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NWQ E Highway 322, Freeport, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!