Flex Space with
For Sale
$390,000
604 W Broadway Avenue, Portland, TX 78374
CommercialSale, Portland, TX
Property Size3,156 SF
Lot Size0.24 Acres
Price / SF$123.57
Days on Market52
Property Features for 604 W Broadway Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Off Street
Subdivision
Portland-L J Jecker
Standard status
Active
APN
69721
Size
3,156 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
L J JECKER ADDN LOT 15
Legal Description
L J JECKER ADDN LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private offices
reception area
half bathrooms
bay doors
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick, Concrete
Roof type
Metal
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Jamie Chism · License #0686215
(361) 877-3805
Added: Aug 24
Changed: Oct 9
Last Checked: Oct 14 at 9:06PM
MLS# 480869
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.
This 3,156-square-foot flex property combines an office building with a separate metal warehouse. The front structure contains over 1,300 square feet, three private offices, a reception area, and two half bathrooms. Behind it, the 30' x 45' warehouse provides two bay doors for storage, equipment, inventory, or workspace. The warehouse received a new metal roof in May 2026.
Located at 604 W Broadway Avenue in Portland, the property is one block from Highway 181 South and near established businesses, restaurants, and everyday conveniences. Parking is available in front or behind the buildings. The site includes off-street parking, public water, public sewer, central air, and central electric heat. Built in 1970, the buildings feature brick and concrete construction.
Located at 604 W Broadway Avenue in Portland, the property is one block from Highway 181 South and near established businesses, restaurants, and everyday conveniences. Parking is available in front or behind the buildings. The site includes off-street parking, public water, public sewer, central air, and central electric heat. Built in 1970, the buildings feature brick and concrete construction.
Key Highlights
- 3,156‑square‑foot flex property with office and warehouse improvements
- Front building includes over 1,300 square feet, 3 private offices, reception, and 2 half bathrooms
- 30' x 45' metal warehouse with 2 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$26.5K $8.40/SF
− Vacancy
−$1.9K −$0.59/SF
EGI
$24.7K $7.81/SF
− OpEx
−$3.7K −$1.17/SF
NOI
$21.0K $6.64/SF
Area
San Patricio County, TX
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Office B
$583.3K
$510.4K – $680.5K
NOI $40,830 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 5.37%
Theoretical Best
Hotel Hospitality
$1.62M
$1.42M – $1.89M
NOI $113,332 @ 7.0% cap · market cap 29.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with private offices, reception space, and two half bathrooms.
Where is this flex space located?
The property is located at 604 W Broadway Avenue Portland, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 3,156‑square‑foot flex property with office and warehouse improvements; Front building includes over 1,300 square feet, 3 private offices, reception, and 2 half bathrooms; 30' x 45' metal warehouse with 2 bay doors
