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    Office/Retail Suites Building Title is generated by Realmo AI

    1605 US Highway, Portland, TX 78374

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    Claim this Listing
    For Sale
    $950,000

    SINGLE_FAMILY - Portland, TX

    Type:Office
    Property size:
    5,500 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $172/SF
    Added:
    Aug 28, 2025
    Days on Market:
    298
    Last Refresh:
    Jun 21 at 3:06 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

    Tax Description
    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.

    HighLights

    • Convenient location between Billy Webb Dr. and Lang Rd.
    • Suitable for office or retail use.
    • Ample parking available.
    • Pole sign available.
    • Two suites available for lease.
    • Central heating and cooling.

    Overview

    This property is a multi-suite office and retail building offering two suites available for lease, with three additional suites currently occupied, for a total of two tenants in three remaining suites. The building is set up to support either office or retail concepts, and includes ample parking for customer and employee convenience. A pole sign is available to support tenant identification, and the site is designed with access road frontage to support straightforward customer access.

    The location is convenient between Billy Webb Dr. and Lang Rd., with nearby businesses and residential homes and apartments. The property is addressed at 1605 US Highway in Portland, TX 78374, within San Patricio County. Zoning is listed as C-G, providing a commercial framework for appropriate office and retail uses.

    For prospective tenants or operators, the availability of two separate suites can work well for a range of office and retail setups, whether you are expanding into a dedicated space or seeking a smaller footprint within a productive building. The combination of parking, pole signage, and access road frontage can help support everyday operations and storefront presence. The building’s configuration also provides flexibility for occupancy planning, given that not all suites are currently available.

    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 $130.7k $23.76
    − Vacancy −$35.8k −$6.51
    EGI $94.9k $17.25
    − OpEx −$23.7k −$4.31
    NOI $71.2k $12.94
    5,500 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.02M
    $889.4K – $1.19M (±1% cap)
    NOI $71,155 @ 7.0% cap · market cap 7.49%
    Second Best
    Retail
    $352.2K
    $308.2K – $410.9K (±1% cap)
    NOI $24,652 @ 7.0% cap · market cap 2.59%
    Theoretical Best
    Hotel Hospitality
    $2.82M
    $2.47M – $3.29M (±1% cap)
    NOI $197,505 @ 7.0% cap · market cap 20.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

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

    FAQs

    What type of property is this?
    Office units - Multi-suite space with ample parking, road frontage, and leasing flexibility for office or retail users in Portland, TX.
    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.
    More about this property
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