The concept of “location value of free trade port” is put forward for analysis and research, which is defined as the economic capacity and value of the port jointly determined by the natural resources, economic level, and social and cultural environment of the free trade port, which has a sustainable development value created based on the advantages of the port itself and combined with factors such as culture, policy, science, and technology. The analysis shows that economic and economic support, political system, industrial development, cultural heritage, innovation, and technological level are the basic components of location value, and the location value of free trade port is characterized by openness, innovation, sustainability, boundary, and dependence. This paper finally summarizes the mining direction of the location value of the free trade port: such as accelerating the transformation and upgrading of the service industry, paying attention to building sustainable development, which provides a new perspective for the free trade port to enhance its location value.