Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
11511 Blue Water Hwy Freeport, TX 77541-7105
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4600263
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Construction
FRAME
Total area
3,000 SF
Lot
47.53 ac (2,070,581 SF)
APN
0029-0011-000
UPID
US82-4600263
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$510k
Owner & transaction history
Blue Water Resort INC · 6 yrs held
Blue Water Resort INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$780,000
+86.1%
Auto repair, garage
$490,000
+17.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$420,000
Current use
COMMERCIAL (GENERAL)
$780,000
Change: +86% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$350,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Assessed value
$20,504,870
Assessed 2023
Previous assessed
$18,260,840
+12.3% YoY
Assessed land
$12,750,930
Assessed improvement
$7,753,940
Land market value
$12,750,930
Improvement market value
$7,753,940
Total market value
$20,504,870
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
8
Stories
1
Bathrooms
3
Total area
3,000 SF
Lot
47.53 ac (2,070,581 SF)
APN
0029-0011-000
UPID
US82-4600263
Jurisdiction
BRAZORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$490,000
OFFICE BUILDING
Est. value
$350,000
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
3
Lot
47.53 ac
Current owner
From public records · entity-resolved
Blue Water Resort INC
Entity
Free & Clear · 6 yrs held
Mailing address
4742 N 24TH ST STE #325, PHOENIX, AZ 85016-4884
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2020
—
Blue Water Resort INC
Mark Jofrrion
Grant Deed
related
—
Oct 17, 2018
—
Blue Water Resort INC
—
Deed
related
$250,000 · Kurt Dohman
Aug 29, 2018
—
Blue Water Resort INC
—
Deed
related
$250,000 · Mark R Joffrion
Mar 19, 2018
—
Blue Water Resort INC
—
Deed
related
$500,000 · Brask Diamond H Ranches LP
Mar 7, 2014
—
Blue Water Resort INC
San Luis West INC
Grant Deed
—
—
—
Blue Water Resort INC
—
Deed Of Trust
related
$500,000 · Brask Diamond H Ranches LP
—
—
Blue Water Resort INC
—
Deed Of Trust
related
$250,000 · Mark R Joffrion
—
—
Blue Water Resort INC
—
Deed Of Trust
related
$250,000 · Kurt Dohman
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11511 Blue Water Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
