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Property profile & analytics
OFF-MARKET
Land

1612 & Crk 3767 Gregory, TX 78359

91.68 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 91.68-acre commercial land parcel presents a unique investment opportunity in Portland, Texas. Strategically located near the intersection of CR 1612 and CR 3767, this property boasts 1,201 feet of frontage on CR 1612, directly across from the expansive 1,400-acre ExxonMobil project. Its convenient location offers easy access to Portland's commercial center, schools, and major highways including Hwy-181, Hwy-35, and Hwy-361. Currently used for agriculture, this cleared and leveled rectangular tract (excluding an access easement to CR 3767) is ideally suited for residential development. The property is zoned for commercial use (Zoning 2). Portland, situated in San Patricio County, is experiencing significant growth, fueled by the presence of major industrial plants and a burgeoning population (estimated at 19,453) within the Corpus Christi Metropolitan Statistical Area. The nearby town of Gregory has an estimated population of 1,740. This prime location offers unparalleled potential for investors seeking to capitalize on the region's dynamic economic expansion. The asking price for this remarkable property is $2,500,000.

Property profile
Verified
Property type Land
Lot 91.68 ac (3,993,581 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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