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    Fm 893 Portland, TX 78374

    For Sale
    $14,000,000

    96 Acres, Nueces Bay Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 96.17-acre tract in Portland, Texas, presents a unique opportunity for large-scale development. Boasting nearly 3,000 feet of meandering Nueces Bay frontage, the property offers breathtaking waterfront views and even glimpses of the Corpus Christi skyline. High elevations and a scenic bluff enhance the already stunning vistas. The location provides easy access via FM 893/Moore Avenue, with approximately 944 feet of frontage on the road and over 3,000 feet extending to the water's edge. This property is ideally situated within a thriving community, benefiting from Portland's award-winning school district, modern sports complexes, attractive parks, and robust civic infrastructure. The area is experiencing significant economic growth, attracting major companies and creating high-paying jobs. Note that an elementary school is under construction across FM 893, and a future middle school is planned nearby. The sale includes surface estate only

    Property Features for 0 Fm 893

    General Information

    Property type
    Land
    Lot Size
    4,189,165 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3192542
    Latitude
    27.9062317

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    FAQs

    What type of property is this?
    Land - 96 Acres, Nueces Bay Views
    Where is this land located?
    The property is located at Fm 893 Portland, TX.
    What is the asking price?
    The asking price for this property is $14,000,000.
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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
    Fm 893 Portland, TX 78374
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