Mixed-Use Property with
For Sale
$250,000
903 Market Street, Portland, TX 78374
CommercialSale, Portland, TX
Property Size2,560 SF
Lot Size0.19 Acres
Price / SF$97.66
Days on Market9
Property Features for 903 Market Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
13
Parking features
Off Street
Exterior features
Landscaping
Subdivision
Portland-Portland Tier H
Lot features
Interior Lot, Landscaped, Level
Standard status
Active
APN
71471
Size
2,560 SF
Lot size
0.19 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
PORTLAND TIER H BLK 5 LOT 7, 8, N/9 LOT 9 (0.194 ACRES)
Legal Description
PORTLAND TIER H BLK 5 LOT 7, 8, N/9 LOT 9 (0.194 ACRES)
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
grassy yard
fenced
Building Details
Year built
1962
Floors in Building
1
Building materials
Brick, MetalSiding
Roof type
Metal
Buildings
2
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Brenton Reagan · License #0669077
(512) 736-2695
Added: Oct 23
Changed: Oct 30
Last Checked: Oct 31 at 4:06PM
MLS# 484332
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.
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Investment Insights
Based on property information with market context.
At 903 Market Street in Portland, this 2,560-square-foot mixed-use property comprises two buildings on a 0.1935-acre parcel. The 2,000-square-foot main building is divided into two 1,000-square-foot areas: one is occupied by a tenant, and the other contains six non-climate-controlled storage units. A separate 600-square-foot building, measuring 40 by 15 feet, is occupied by a salon tenant. The property was built in 1962, and both buildings received new roofs in 2018; the rear building has new AC for 2026.
The site includes two separate parking areas, with the rear building served by alley access and a concrete lot with six spaces. Fenced grassy yard area lies between the buildings, and there is room beside one building to keep a car, trailer, or boat behind the fence. The property is in Portland’s Old Towne and Leisure & Entertainment District.
The site includes two separate parking areas, with the rear building served by alley access and a concrete lot with six spaces. Fenced grassy yard area lies between the buildings, and there is room beside one building to keep a car, trailer, or boat behind the fence. The property is in Portland’s Old Towne and Leisure & Entertainment District.
Key Highlights
- Two buildings totaling 2,560 square feet on 0.1935 acres
- Main building contains two 1,000‑square‑foot areas; one is tenant‑occupied and one has six non‑climate‑controlled storage units
- Rear building measures 40' x 15' (600 SF) and is occupied by a salon tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,999
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,980
$340.0K
Cap Rate 7%
$242,843
$242.8K
Cap Rate 9%
$188,878
$188.9K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$21.5K $8.40/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$20.0K $7.81/SF
− OpEx
−$3.0K −$1.17/SF
NOI
$17.0K $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%
$339,980
Cap Rate 7%
$242,843
Cap Rate 9%
$188,878
Alternative Uses
Best Use
Office B
$473.1K
$414.0K – $552.0K
NOI $33,120 @ 7.0% cap · market cap 13.25%
Second Best
Mixed Use
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 10.37%
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,930 @ 7.0% cap · market cap 36.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings offer tenant-occupied space, six storage units, and separate parking areas.
Where is this mixed-use property located?
The property is located at 903 Market Street Portland, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two buildings totaling 2,560 square feet on 0.1935 acres; Main building contains two 1,000‑square‑foot areas; one is tenant‑occupied and one has six non‑climate‑controlled storage units; Rear building measures 40' x 15' (600 SF) and is occupied by a salon tenant
