Retail Space with Flexible
For Sale
$2,400,000
620 Moore Avenue, Portland, TX 78374
CommercialSale, Portland, TX
Property Size4,625 SF
Lot Size0.54 Acres
Price / SF$518.92
Days on Market71
Property Features for 620 Moore Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
41
Parking features
Off Street
Subdivision
BAYVIEW CROSSING LOT 1
Lot features
Corner Lot
Standard status
Active
APN
1040961
Size
4,625 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Description
BAYVIEW CROSSING LOT 1
Legal Description
BAYVIEW CROSSING LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Brenton Reagan · License #0669077
(512) 736-2695
Added: Jul 31
Changed: Oct 7
Last Checked: Oct 9 at 3:06AM
MLS# 483622
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.
Under construction, this 4,625-square-foot retail property uses steel-frame construction with non-combustible bearing walls. The interior is designed for either one large space or subdivision into units. Central heating and air conditioning are planned, with public water and sewer service.
The 0.54-acre property sits at the corner of US Hwy 181 and the Moore Avenue overpass in Portland, a couple of blocks from the 5th & Elm community venue. Off-street parking is provided.
The 0.54-acre property sits at the corner of US Hwy 181 and the Moore Avenue overpass in Portland, a couple of blocks from the 5th & Elm community venue. Off-street parking is provided.
Key Highlights
- 4,625 SF building on a 0.54‑acre lot
- Steel‑frame construction with non‑combustible bearing walls
- Interior can be configured as one large space or divided into units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,251
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,020
$1.6M
Cap Rate 7%
$1,175,014
$1.2M
Cap Rate 9%
$913,900
$913.9K
Market Conditions
NOI Build-Up for 4,625 SF
Gross rent
$115.4K $24.96/SF
− Vacancy
−$5.8K −$1.25/SF
EGI
$109.7K $23.71/SF
− OpEx
−$27.4K −$5.93/SF
NOI
$82.3K $17.78/SF
Area
San Patricio County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,020
Cap Rate 7%
$1,175,014
Cap Rate 9%
$913,900
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,251 @ 7.0% cap · market cap 3.43%
Second Best
Retail
$296.1K
$259.1K – $345.5K
NOI $20,730 @ 7.0% cap · market cap 0.86%
Theoretical Best
Hotel Hospitality
$2.37M
$2.08M – $2.77M
NOI $166,084 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Electronics 8%
Dollar General
Shops & Services
7,923 visits/mo
0.4 miles
Wells Fargo
Shops & Services
6,007 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,625 visits/mo
0.5 miles
Citgo
Shops & Services
1,269 visits/mo
0.3 miles
Cricket Wireless Authorized Retailer
Electronics
1,003 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The interior can accommodate a single large space or be divided into separate units.
Where is this retail space located?
The property is located at 620 Moore Avenue Portland, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4,625 SF building on a 0.54‑acre lot; Steel‑frame construction with non‑combustible bearing walls; Interior can be configured as one large space or divided into units
