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    1702 Hwy Portland, TX 78374

    For Lease
    $23 SF/Yr

    Prime Portland storefront, high traffic.

    Lot size:
    50,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional retail storefront opportunity is located within the Esplanade at North Shore development in Portland, Texas. The property, built in 2011, offers 50,200 square feet of total building space, with 5,170 square feet currently vacant. Units are divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 2,000 square feet available. Tenant finish-out is negotiable, providing flexibility for prospective tenants. The property boasts excellent visibility and accessibility from Highway 181, a major commercial thoroughfare in Portland, experiencing a daily traffic count of 40,000 vehicles. This strategic location benefits from a strong surrounding demographic, with a median household income of $70,555 and a median house value of $170,000. Situated at the entrance to the prestigious Northshore Residential and Golf Course development, the center enjoys a prime location alongside established businesses such as Wal-Mart, Chili's Bar & Grill, Marble Slab Creamery, KFC, Prosperity Bank, and IBC Bank. This presents a unique chance to establish a retail presence in a thriving commercial area of San Patricio County, Texas, with easy access and high visibility. The address is 1702 Highway 181, Portland, TX 78374.

    Property Features for 1702 Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,200 SF
    Total Rate
    96216.67

    Building Details

    Year Built
    2011

    Unit(s) available at that property

    Space
    Partial White Box (Bldg A)
    Size
    1,500 SF
    Rate per SF
    $23
    Space
    Sun Loan Space - Bldg B
    Size
    1,000 SF
    Rate per SF
    $27

    HighLights

    • 50,200 SF retail building in Portland, TX's Esplanade at North Shore development, with 5,170 SF currently available.
    • Divisible units from 1,500 SF minimum, up to 2,000 SF contiguous space. Tenant finish‑out negotiable.
    • High‑visibility location on Highway 181 (40,000 VPD), near Wal‑Mart, Chili's, and other national retailers.
    • Strong demographics: $70,555 median household income, $170,000 median home value.
    • Located at the entrance to the Northshore Residential and Golf Course community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3111725
    Latitude
    27.8882614

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    FAQs

    What type of property is this?
    Individual retail property - Prime Portland storefront, high traffic.
    Where is this individual retail property located?
    The property is located at 1702 Hwy Portland, TX.
    What is the lease rate?
    The lease rate is $23-$27 SF/Yr.
    What are key features of this property?
    This property features: 50,200 SF retail building in Portland, TX's Esplanade at North Shore development, with 5,170 SF currently available.; Divisible units from 1,500 SF minimum, up to 2,000 SF contiguous space. Tenant finish-out negotiable.; High-visibility location on Highway 181 (40,000 VPD), near Wal-Mart, Chili's, and other national retailers.
    Request Owner's contact information
    1702 Hwy Portland, TX 78374
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    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
    1702 Hwy Portland, TX 78374
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