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Property profile & analytics
OFF-MARKET Estimated value $2,415,000
Distribution centers

101 4th St Freeport, TX 77541-5655

45,150 SF 1.03 ac lot Built 1973
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US82-2328949
Property summary
AI-generated overview

This exceptional Freeport, TX industrial property offers a prime location adjacent to the Port of Freeport, providing unparalleled access to shipping and logistics. The property encompasses a substantial 60,000 square foot warehouse, divided into two buildings (20,000 SF and 40,000 SF), ideal for various industrial uses. Benefit from an expansive 11-acre stabilized laydown yard, perfect for storage and operations. The warehouse features convenient loading capabilities with one exterior and two interior loading docks. Built in 1973, this single-story building boasts an 18-foot ceiling height and ample parking with 40 spaces. The property is offered on a NNN lease, meaning property taxes, utilities, and building services are the responsibility of the tenant. This presents a unique opportunity to establish a thriving business in a highly strategic location with excellent infrastructure and ample space for expansion. The property includes a previously unused area, offering a fresh, ready-to-use space. This is a rare opportunity to secure a significant industrial footprint in a thriving port city. Total building square footage is 63,190 square feet, encompassing one suite.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1973
Total area 45,150 SF
Lot 1.03 ac (45,000 SF)
APN 4200-0441-000
UPID US82-2328949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$2.42M
Owner & transaction history
Terri D Wyatt · 6 yrs held
Terri D Wyatt
since 2019
2 recorded transactions
2019
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.9M +10.6%
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