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    321 5 Ave Portland, TX 78374

    For Lease
    $18 SF/Yr ($2,175 /Mo)

    1,450 SF Office, Great Location

    Lot size:
    1,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,450 square foot office space, located at 321 5th Street in Portland's vibrant Leisure & Entertainment District, presents a unique opportunity for businesses seeking a prime location. Previously occupied by a law firm and an oil and gas company, this single-story, 1971-built building underwent a complete renovation in 2021. The space is ideally configured with four individual offices, a reception/waiting area, two open areas perfect for collaboration or additional workstations, a convenient kitchenette, and a restroom. The layout is ready for immediate occupancy, eliminating the need for extensive build-out. The property boasts five on-site parking spaces, a significant advantage in a high-traffic area. Situated across from Portland's city-acquired block, this location benefits from high visibility and proximity to community events such as the Families on Fifth concert series and the Cinco de Mayo Festival. This is a gross lease, with water, sewer, and trash included in the rent. Electricity is the tenant's responsibility. No dumpsters are permitted on the property. An optional attached garage space is available separately. This is a single-suite building with no elevators. The property is located in San Patricio County, near the intersection of Elm and Railroad Streets.

    Property Features for 321 5 Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,450 SF
    Total Rate
    2175

    Building Details

    Year Built/Renovated
    1971/2021
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    321 5th
    Size
    1,450 SF
    Rate per SF
    $18

    HighLights

    • 1,450 SF of office space available for lease in Portland, San Patricio County.
    • Excellent location in a high‑traffic area with great visibility, situated across from Portland's new Leisure & Entertainment District.
    • Existing office layout includes four individual offices, reception area, two open areas, kitchenette, and restroom.
    • Five on‑site parking spaces are available.
    • Gross lease; water, sewer, and trash included; electricity is tenant responsibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.322795412212
    Latitude
    27.874181823312

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    FAQs

    What type of property is this?
    Office space - 1,450 SF Office, Great Location
    Where is this office space located?
    The property is located at 321 5 Ave Portland, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 1,450 SF of office space available for lease in Portland, San Patricio County.; Excellent location in a high-traffic area with great visibility, situated across from Portland's new Leisure & Entertainment District.; Existing office layout includes four individual offices, reception area, two open areas, kitchenette, and restroom.
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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
    321 5 Ave Portland, TX 78374
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