Highway-Front Office
902 US Highway 181, Portland, TX 78374
For Sale
$600,000
Pending
CommercialSale, Portland, TX
Property Size1,575 SF
Lot Size0.31 Acres
Days on Market840
Property Features for 902 US Highway 181
General Information
Property type
Property subtype
Parking
Parking features
Security features
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Shawn Cass · License TX #0326039
(972) 333-3727
Added: Jul 26, 2024
Changed: Nov 9
Last Checked: Nov 12 at 7:06PM
MLS# 444974
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,575-square-foot office building at 902 US Highway 181 includes two leased suites and is being offered with the land and improvements. The property is fully occupied, with Suite A leased through 2/28/2027 and Suite B leased for the balance of its existing term. Built in 2001, the building features brick and HardiplankType construction, a shingle roof, central heating, and central air conditioning.
The 0.3067-acre site fronts US Highway 181 in Portland, Texas, with reported traffic of 38,014 AADT on the highway and 9,640 vehicles per day on the feeder road. On-site features include 13 parking spaces and multiple entrances to the concrete parking lot. Public water and public sewer serve the property. The sale is subject to the existing leases.
The 0.3067-acre site fronts US Highway 181 in Portland, Texas, with reported traffic of 38,014 AADT on the highway and 9,640 vehicles per day on the feeder road. On-site features include 13 parking spaces and multiple entrances to the concrete parking lot. Public water and public sewer serve the property. The sale is subject to the existing leases.
Key Highlights
- 1,575‑square‑foot office building on a 0.3067‑acre site
- Fully occupied with two existing leased suites
- Suite A lease extends through 2/28/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,376
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,520
$407.5K
Cap Rate 7%
$291,086
$291.1K
Cap Rate 9%
$226,400
$226.4K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$37.4K $23.76/SF
− Vacancy
−$10.3K −$6.51/SF
EGI
$27.2K $17.25/SF
− OpEx
−$6.8K −$4.31/SF
NOI
$20.4K $12.94/SF
Area
San Patricio County, TX
Vacancy
27.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,520
Cap Rate 7%
$291,086
Cap Rate 9%
$226,400
Alternative Uses
Best Use
Office B
$291.1K
$254.7K – $339.6K
NOI $20,376 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,072 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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
$225,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in San Patricio County, TX
Properties on Market for Office buildings in San Patricio County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with two leased suites, multiple parking-lot entries, and direct exposure along US Highway 181.
Where is this office building located?
The property is located at 902 US Highway 181 Portland, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,575‑square‑foot office building on a 0.3067‑acre site; Fully occupied with two existing leased suites; Suite A lease extends through 2/28/2027
