Highway Frontage Investment
902 US Highway 181 Portland, TX 78374
902 US Highway 181, Portland, TX, 78374
$600,000
For Sale
$600,000
SINGLE_FAMILY - Portland, TX
Property Size1,575 SF
Lot Size0.31 Acres
Price / SF$380.95
Days on Market722
Property Features for 902 US Highway 181
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Off Street
- Security features
- Security
- Standard status
- Active
- APN
- 71487
- Size
- 1,575 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- PORTLAND TIER H BLK 5 LOT 19R
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2001
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, HardiplankType
- Roof type
- Shingle
Listing Agency
Cass Real Estate
(361) 643-2662
401 US Hwy 181, Portland, TX
Listed by
Shawn Cass · License #0326039
(972) 333-3727
Added: Jul 26, 2024 Checked: Jul 17 at 1:06 pm
MLS# 444974
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.
Investment Insights
Based on property information with market context.
Located on US Highway 181 in Portland, Texas, the property at 902 US Hwy 181 is situated on a 0.30-acre site with 13 parking spaces and multiple entries onto the concrete parking lot. The property experiences high traffic volume, with 38,014 vehicles on Highway 181 and 9,640 vehicles on the feeder road daily. The 1,575 square-foot building is fully occupied, providing rental income from Suite A through February 28, 2027, and Suite B through the remainder of its lease. The property is located in Portland's Leisure & Entertainment District, which hosts farmer's markets, gatherings, concerts, and scenic attractions. The land and building are for sale, subject to existing leases. The property offers visibility along a major South Texas artery.
Key Highlights
- High traffic location: 38,014 AADT on Highway 181 and 9,640 vehicles daily on the feeder road.
- Fully occupied with existing leases providing immediate rental income (Suite A through 2/28/2027).
- Located in Portland's Leisure & Entertainment District with enhanced zoning.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $23.76 |
| − Vacancy | −$10.3k | −$6.51 |
| EGI | $27.2k | $17.25 |
| − OpEx | −$6.8k | −$4.31 |
| NOI | $20.4k | $12.94 |
1,575 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$291.1K
$254.7K – $339.6K
NOI $20,376 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$808.0K
$707.0K – $942.6K
NOI $56,558 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - High-visibility commercial property in Portland's Leisure & Entertainment District.
Where is this office building located?
The property is located at 902 US Highway 181 Portland, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High traffic location: 38,014 AADT on Highway 181 and 9,640 vehicles daily on the feeder road.; Fully occupied with existing leases providing immediate rental income (Suite A through 2/28/2027).; Located in Portland's Leisure & Entertainment District with enhanced zoning.
