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    Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79 Portland, TX 78374

    For Sale
    $4,703,270

    157 Acres, Mixed-Use Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional 157.3-acre land development opportunity in Portland, Texas, situated at the corner of Buddy Ganem and Midway Road (formerly CR 2004/72 & CR 3567/79). This expansive property, located within San Patricio County's rapidly growing Portland, offers significant potential for a new residential subdivision. The site boasts a prime location within the city's extraterritorial jurisdiction, directly addressing the area's escalating housing needs. The property features approximately 2,640 feet of frontage along both Buddy Ganem Drive and Midway Road. The sale includes only the surface estate of the 157.3+/- acres

    Property Features for 0 Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79

    General Information

    Property type
    Farms
    Lot Size
    6,851,988 SF

    HighLights

    • 157.3‑acre land development opportunity in Portland, Texas.
    • Prime location at the corner of Buddy Ganem and Midway Road, offering significant residential subdivision potential.
    • Located in San Patricio County's rapidly growing Portland, within the city's extraterritorial jurisdiction.
    • Features approximately 2,640 feet of frontage on Buddy Ganem Drive and Midway Road.
    • Sale includes only the surface estate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3212102
    Latitude
    27.9044942

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    FAQs

    What type of property is this?
    Farm - 157 Acres, Mixed-Use Potential, Prime Location
    Where is this farm located?
    The property is located at Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79 Portland, TX.
    What is the asking price?
    The asking price for this property is $4,703,270.
    What are key features of this property?
    This property features: 157.3-acre land development opportunity in Portland, Texas.; Prime location at the corner of Buddy Ganem and Midway Road, offering significant residential subdivision potential.; Located in San Patricio County's rapidly growing Portland, within the city's extraterritorial jurisdiction.
    Request Owner's contact information
    Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79 Portland, TX 78374
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    Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79
    Portland, TX 78374
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    Realmo Value Estimation

    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.

    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.

    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
    Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79 Portland, TX 78374
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