1612 & Crk 3767 Gregory, TX 78359
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.