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Property profile

2852 Moore Ave Portland, TX 78374

OFF-MARKET
Land
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Property summary

AI-generated overview

Exceptional investment opportunity: 92.17 acres of waterfront land encompassing Hunt Airport (FAA Identifier 9R5) in Portland, Texas. This unique property boasts a 2,650' x 20' runway, 740 sq ft airport office, three metal hangars totaling approximately 25,565 sq ft, and a 39,600 sq ft parking area. A 3,218 sq ft residential home is also included. The land features 2,078.46 feet of frontage on FM 893 (Moore Avenue) and 1,074.55 feet of meandering Nueces Bay frontage, offering stunning views of Corpus Christi Bay, the Harbor Bridge, and the city skyline. The cultivated farmland sits at 40 feet above sea level with a gentle slope to the sandy beaches. This prime location presents numerous development possibilities, including a master-planned residential community, a fly-in/fly-out development, or aviation-related educational facilities. An adjacent 96.17-acre parcel is also available for purchase (ML#326694), allowing for expansion. Asking price: $14,750,000.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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