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    Property profile & analytics

    Fm 893 Portland, TX 78374

    • Land
    • 96.17 lot acres
    For Sale
    View listing
    $14,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fm 893

    Lot size
    96.17 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3193
    Latitude
    27.9062

    Comparable in this City

    • Value Estimation by Request

      2852 Moore Ave

      Land
      2852 Moore Ave, Portland, TX 78374
      View Details
    • Value Estimation by Request
      157.30 Acres

      Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79

      Farms • 157.30 Acres
      0 Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79, Portland, TX 78374
      View Details
    • Value Estimation by Request
      5.00 Acres

      aka FM 3239 Buddy Ganem @ Memorial Pkwy Cor

      Land • 5.00 Acres
      aka FM 3239 Buddy Ganem @ Memorial Pkwy Cor, Portland, TX 78374
      View Details
    • Value Estimation by Request
      152.55 Acres

      County Road 3667

      Farms • 152.55 Acres
      0 County Road 3667, Taft, TX 78374
      View Details
    • Value Estimation by Request
      165.45 Acres

      7363 Us Highway 181

      Multifamily properties • 3,904 SF
      7363 Us Highway 181, Portland, TX 78374
      View Details
    • Value Estimation by Request

      863 Cliff Dr

      Land
      863 Cliff Dr, Portland, TX 78374
      View Details

    Similar Nearby for Sale

    • $14,750,000

      Hunt Airport: Waterfront Land Investment

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      Prime Portland Waterfront Land

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      0 Fm 893, Portland, TX 78374
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    • $4,703,270
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      Portland, TX Land Development Opportunity

      157 Acres, Mixed-Use Potential, Prime Location
      0 Nec Buddy Ganem @ Midway Fka Cr2004/72 & Cr3567/79, Portland, TX 78374
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    • $6,500,000
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      Texas Ranch: Mixed-Use Potential

      152 Acres, Mixed-Use Zoning, $6.5M
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    • $272,000

      Prime Waterfront Land in Portland, TX

      Stunning waterfront property, build your dream home!
      863 Cliff Dr, Portland, TX 78374
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    • $627,530
      12.80 Acres

      Portland, TX Commercial Land

      12.8 Acres, Prime Development Opportunity
      0 Lang Rd, Portland, TX 78374
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    Similar Nearby for Lease

    • $14 SF/Yr
      9,000 SF

      Portland Hwy 181 Office/Warehouse

      Versatile 9,000 SF space, ideal for multiple uses.
      1025 Us Highway 181, Portland, TX 78374
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    • $23 SF/Yr
      50,200 SF

      Esplanade Retail Space, Portland TX

      Prime Portland storefront, high traffic.
      1702 Us Highway 181, Portland, TX 78374
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    • $2,500 /Mo
      1,250 SF

      Retail Space on Highway 181

      Retail space with high visibility in booming Portland, Texas.
      1605 Us Highway 181, Portland, TX 78374
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    • $27 SF/Yr
      1,000 SF

      Retail Space in Strong Location

      Retail space available in a strong commercial area.
      1702 Us Highway 181, Portland, TX 78374
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    • $495,000
      2,903 SF

      Retail/Office Space in Portland, TX

      High-traffic location with customizable space for retail or office use.
      701 Moore Ave, Portland, TX 78374
      View Details
    • $2,450 /Mo
      1,625 SF

      Portland Office Space For Lease

      Commercial office space in Portland's Leisure & Entertainment District.
      321 5 Ave, Portland, TX 78374
      View Details
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    Fm 893
    Portland, TX 78374
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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