Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    114 Lang Rd Portland, TX 78374-2654
    Back to Search
    Property profile & analytics

    114 Lang Rd, Portland, TX 78374-2654

    View on Map
    • Commercial land
    • 2.08 lot acres
    Off-Market
    Property ID
    US82-6874314
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Humpal Physical Therapy / Physician
    • South Texas Bone and Joint Priority Care Clinic / Medical Clinic / Physician

    Property Details for 114 Lang Rd

    Lot size
    2.08 lot acres
    Property type
    Commercial land
    APN
    1168-0002-0011-100
    APU
    116800020011100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 10, 2008 — Humpal Real Estate Ltd Vogiatzis,ioannis & Angelica M V Warranty Deed $800k · American Bank
    Oct 2, 2006 — Ioannis Vogiatzis Ross Family Trust Warranty Deed $600k · Ross Family Trust

    Description

    This exceptional 2.08-acre commercial land parcel presents a unique investment opportunity in Portland, Texas. Located at 114 Lang Rd, this property boasts a highly desirable commercial zoning designation, making it suitable for a wide range of development projects. The asking price is $475,000, translating to a price per square foot of $5.24. Its strategic location offers unparalleled access to major transportation arteries, including IH-37, SH-35, SH-181, SH-188, and IH-69/US 77, ensuring seamless connectivity throughout the region. The property's proximity to a variety of amenities further enhances its appeal. Businesses will find themselves conveniently close to numerous restaurants, industrial business parks, retail establishments, and the Corpus Christi Harbor Bridge and International Airport. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strategic foothold in a thriving market. The expansive lot size provides ample space for development, allowing for flexibility in design and functionality. This is a rare opportunity to acquire a significant commercial land parcel in a rapidly growing area with exceptional infrastructure and access. Don't miss this chance to secure a valuable asset in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3171
    Latitude
    27.889
    CBSA code
    18580
    CBSA name
    CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,144
    $407,680
    $0.00
    $407,680
    -
    $407,680
    $0.00
    $407,680

    Comparable in this City

    • Value Estimation by Request
      57.09 Acres

      Sunset Dr

      VACANT COMMERCIAL LAND
      Sunset Dr, Portland, TX 78374
      View Details
    • Value Estimation by Request
      0.06 Acres

      Hwy 181

      VACANT COMMERCIAL LAND
      Hwy 181, Portland, TX 78374
      View Details
    • Value Estimation by Request
      0.41 Acres

      Portland, TX 78374

      VACANT COMMERCIAL LAND
      Portland, TX 78374
      View Details
    • Value Estimation
      $650,000
      1.89 Acres

      200 Marriott Dr

      VACANT COMMERCIAL LAND
      200 Marriott Dr, Portland, TX 78374-2213
      View Details
    • Value Estimation by Request
      0.53 Acres

      706 Moore Ave

      VACANT COMMERCIAL LAND
      706 Moore Ave, Portland, TX 78374-1835
      View Details
    • Value Estimation by Request
      1.56 Acres

      Portland, TX 78374

      VACANT COMMERCIAL LAND
      Portland, TX 78374
      View Details

    Similar Nearby for Sale

    • $49,000
      0.12 Acres

      Land For Sale, Portland, TX

      Commercial land available in Portland, Texas, for investment or development.
      1805 Clapper Rail Dr, Portland, TX 78374
      View Details
    • Contact for pricing

      Prime Corner Lot in Portland

      1.559 acre corner lot ideal for various business opportunities.
      Akins Dr, Portland, TX 78374
      View Details
    • $690,000

      Retail Building with Parking Lot

      Two parcels offer a retail-ready building plus parking lot with strong visibility from a major highway corridor.
      701 Moore Ave, Portland, TX 78374
      View Details
    • $110,000
      0.29 Acres

      Portland, TX Land Opportunity

      0.285 acre property in Portland's Olde Town II district.
      623 Row, Portland, TX 78374
      View Details
    • $14,000,000
      96.17 Acres

      Waterfront Land Ready for Development

      96.17 acres with Nueces Bay frontage, prime for residential development.
      Fm 893, Portland, TX 78374
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Pad Site Available

      Ground lease or build-to-suit opportunity in growing Portland, Texas.
      Buddy Ganem Dr, Portland, TX 78374
      View Details
    • Contact for pricing

      Retail Opportunity in Portland Area

      Retail space available in a high-traffic Portland location.
      1702 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing

      Retail Space on Highway 181

      Exceptional retail development opportunity for lease in Portland, Texas.
      1001 S 181, Portland, TX 78374
      View Details
    • $2,550 /Mo
      3,000 SF

      Highway Warehouse in Portland, Texas

      3000 SF warehouse space on the highway in Portland.
      1025 Us Highway 181, Portland, TX 78374
      View Details
    • $2,850 /Mo
      3,000 SF

      Portland Office Space For Lease

      Office space available for lease in booming Portland industrial corridor.
      1025 Us Highway 181, Portland, TX 78374
      View Details
    • Contact for pricing

      Portland, TX Specialty Property

      Specialty property available for rent in Portland, Texas.
      1600 Wildcat Dr, Portland, TX 78374
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    114 Lang Rd
    Portland, TX 78374-2654
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114 Lang Rd, Portland, TX, 78374
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!