Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1605 US Highway Portland, TX 78374

    View on Map
    For Sale
    $950,000

    SINGLE_FAMILY - Portland, TX

    Type:Office
    Property size:
    5,500 SF
    Lot size:
    0.48 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 3 at 12:06 am

    Property Features for 1605 US Highway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    C-G
    Standard status
    Active
    APN
    1046118
    Size
    5,500 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    TaxDescription
    OAK RIDGE ESTATES UNIT 7 BLK 3 LOT 5B

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    1

    We can help!

    Listing Contact
    Wayne Lundquist
    Wayne Lundquist

    Listing agent Wayne Lundquist License #0163197

    Listing office Cobb, Lundquist & Atnip, Inc. 700 Everhart Rd Ste F11, Corpus Christi, TX

    Listing date Aug 28, 2025

    MLS# 464122

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland, TX Retail/Office Property

    This 5500 square foot property is located in Portland, TX, between Billy Webb Dr. and Lang Rd. The property is zoned C-G and is situated near residential homes and apartments, with access road frontage. It is suitable for office or retail use. Two suites are available for lease, while the three remaining suites are occupied by two tenants. Ample parking is available, and there is a pole sign for the suites. The lot size is 0.48 acres.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.2907
    Latitude
    27.9445

    Nearby Similar for Sale

    • $1,489,999
      6,461 SF

      Freestanding Bank Building on Highway

      High-visibility bank building on 1.09 acres with ample parking.
      1031 Us Highway, Portland, TX 78374
      View Details
    • $600,000
      1,575 SF

      Highway Frontage Investment Opportunity

      High-visibility commercial property in Portland's Leisure & Entertainment District.
      902 US Highway 181, Portland, TX 78374
      View Details
    • $265,000
      1,080 SF

      Portland Drive-Through Restaurant Opportunity

      High-visibility drive-through restaurant in Portland's Leisure & Entertainment District.
      714 Dallas, Portland, TX 78374
      View Details
    • $7,595,000
      2,798 SF

      Profitable NNN Investment Opportunity

      Single-tenant Whataburger NNN property with over 8 years remaining.
      1010 Wildcat Dr, Portland, TX 78374
      View Details
    • $1,260,000
      1,650 SF

      Established Starbucks Property for Sale

      Corporate Starbucks with long-term operating history available for purchase.
      1306 Wildcat Dr, Portland, TX
      View Details
    • $122,500
      1,296 SF

      Portland, TX RV Park Opportunity

      Established RV park with potential for income generation.
      140 Doyle Drive, Portland, TX 78374
      View Details
    • $7,121,000
      4,730 SF

      New 7-Eleven NNN Lease

      New construction 7-Eleven on 1.693 acre site.
      119 Buddy Ganem Dr, Portland, TX
      View Details
    • $600,000
      1,575 SF

      Highway Frontage Income-Producing Property

      Fully occupied commercial property with highway frontage and income potential.
      902 US Highway 181, Portland, TX 78374
      View Details
    • $600,000
      1,575 SF

      Retail

      902 US-181, Portland, TX 78374
      View Details
    • $265,000
      1,080 SF

      Portland Commercial Property with Drive-Through

      Commercial A-frame building with drive-through in Portland's entertainment district.
      714 Dallas, Portland, TX 78374
      View Details
    • $122,500
      1,296 SF

      Established RV Park Investment Opportunity

      RV park with potential for income generation.
      140 Doyle Drive, Portland, TX 78374
      View Details

    FAQs

    What type of property is this?
    Office units - Retail/office property with two suites available and ample parking.
    Where is this office units located?
    The property is located at 1605 US Highway Portland, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Convenient location between Billy Webb Dr. and Lang Rd.; Suitable for office or retail use.; Ample parking available.
    (361) 510-7371
    We can help!
    Listing Contact
    Wayne Lundquist
    Wayne Lundquist
    Real Estate License ID: 0163197
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!