Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1702 Us Highway 181 Portland, TX 78374

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr ($2,250 /Mo)

    Retail space available in a strong commercial area.

    Property size:
    1,000 SF
    Lot size:
    1.51 Acres

    Property Features for 1702 Us Highway 181

    General Information

    Size
    1,000 SF
    Lot size
    1.51 Acres

    We can help!

    Listing Contact
    Lynann Pinkham
    Source: Moodyscre

    Listing Agent: Lynann Pinkham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Strong Location

    This retail space, encompassing 1000 square feet, is situated in a strong commercial area. The property features exciting architecture and excellent visibility. It is located at 1702 US Hwy 181, Portland, TX.
    Location Intelligence

    Current Use by Public Records

    Mendy Borden Realtor ... Real Estate Agent The Rice Hat Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.309963
    Latitude
    27.891352

    Nearby Similar for Lease

    • $2,600 /Mo
      1,755 SF

      Portland, TX Commercial Lease Unit

      Versatile 1755 SF commercial space in Portland's LED District.
      607 Railroad Dr, Portland, TX 78374
      View Details
    • $2,500 /Mo
      1,250 SF

      Retail Space on Highway 181

      Retail space with high visibility in booming Portland, Texas.
      1605 Us Highway 181, Portland, TX 78374
      View Details
    • $2,450 /Mo
      1,625 SF

      Portland Office Space For Lease

      Commercial office space in Portland's Leisure & Entertainment District.
      321 5 Ave, Portland, TX 78374
      View Details
    • $1,800 /Mo
      1,100 SF

      Renovated Office Space in Portland

      Affordable, renovated office space with flexible layout in high-traffic location.
      333 W Broadway Ave, Portland, TX 78374
      View Details
    • $14 SF/Yr
      9,000 SF

      Portland Hwy 181 Office/Warehouse

      Versatile 9,000 SF space, ideal for multiple uses.
      1025 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing
      12,150 SF

      Portland Crossing Retail Space

      1,284 SF Retail Space in Portland, TX
      2030 Us Highway 181, Portland, TX 78374
      View Details
    • $23 SF/Yr
      50,200 SF

      Esplanade Retail Space, Portland TX

      Prime Portland storefront, high traffic.
      1702 Us Highway 181, Portland, TX 78374
      View Details
    • $18 SF/Yr
      1,450 SF

      Prime Portland Office Space

      1,450 SF Office, Great Location
      321 5 Ave, Portland, TX 78374
      View Details
    • $30 SF/Yr
      14,784 SF

      Highway 181 Retail Center Investment

      Brand new retail center, prime Portland location.
      1581 Us Highway 181, Portland, TX 78359
      View Details
    • Contact for pricing
      10,800 SF

      Prime Portland Retail Opportunity

      10,800 SF Retail Space - Build-to-Suit Available
      0 Buddy Ganem Dr, Portland, TX 78374
      View Details
    • $12 SF/Yr
      67,903 SF

      Portland Plaza Retail Space

      High-traffic storefront, 4,025 SF available
      1006-1018 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on High-Traffic Highway

      6,000 SF retail space with excellent highway visibility.
      100 Lang Rd, Portland, TX 78374
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a strong commercial area.
    Where is this retail space located?
    The property is located at 1702 Us Highway 181 Portland, TX.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Strong location; - Excellent visibility; - Prime spaces available
    (361) 288-3102
    Request Owner's contact information
    1702 Us Highway 181 Portland, TX 78374
    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.
    1702 Us Highway 181
    Portland, TX 78374
    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
    1702 Us Highway 181 Portland, TX 78374
    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

    We can help!
    Listing Contact
    Lynann Pinkham
    Real Estate License ID: TX 319336
    (361) 288-3102
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.