101 4th St Freeport, TX 77541-5655
- Distribution centers
- 45,150 SF
- 1.03 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 101 4th St
- Year built
- 1973
- Lot size
- 1.03 lot acres
- Property size
- 45,150 SF
- Property type
- Distribution centers
- APN
- 4200-0441-000
- APU
- 42000441000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $970,000
- 6.5%
- $955,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $915,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $755,000
- Retail
- $810,000
- Mixed-Use
- $740,000
- Hospitality
- $910,000
- Educational
- $860,000
- Residential Income
- $940,000
- Energy
- $860,000
- Income-Based Land
- $910,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3476
- Latitude
- 28.9471
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA