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Property profile & analytics
FOR SALE
Commercial real estate

215 5Th St Portland, TX 78374

2,600 SF 0.49 ac lot Built 1983
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US82-7571154
Property summary
AI-generated overview

This exceptional income-producing industrial property, located at 215 5th Street in Portland, Texas, presents a compelling investment opportunity. The 6,440 square foot facility sits on a 0.49-acre lot and offers convenient access to Highway 181, ensuring high visibility and easy accessibility for tenants. The property boasts a total of 56 well-maintained storage units, comprising seventeen 10x20 units, twenty-four 10x10 units, four 8x18 units, and one 5x10 trailer storage unit. In addition, ten 10x20 outdoor parking spaces are available. Security features include chain link fencing and a secure gate entrance, providing peace of mind for both the owner and tenants. The buildings are in excellent condition, reflecting a commitment to quality and maintenance. This turnkey operation offers immediate cash flow potential and represents a rare chance to acquire a profitable and well-located storage facility in a growing market. The asking price is $375,000. This is an ideal investment for those seeking a stable, income-generating asset with significant upside potential. Don't miss this chance to own a thriving storage business.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1983
Total area 2,600 SF
Lot 0.49 ac (21,388 SF)
APN 1403-0003-0013-006
UPID US82-7571154
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Doren R Dover · 5 yrs held
Doren R Dover
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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