902 Us Highway 181 Portland, TX 78374
For Sale
1 / 3
This exceptional 1,575 square foot office building, situated on a 0.31-acre lot at 902 US Highway 181 in Portland, Texas, presents a compelling investment opportunity. Boasting a prime location in Portland's burgeoning Leisure & Entertainment District, the property benefits from high visibility and exceptional traffic counts. US Highway 181 sees an impressive 38,014 average annual daily traffic, while the feeder road registers 9,640 vehicles daily. The property features ample parking with 13 spaces and multiple convenient access points to the concrete parking lot. Currently fully occupied, the building generates consistent rental income through existing leases. Suite A's lease extends to February 28, 2027, and Suite B's lease runs until February 2, 2025. The sale includes both land and building, subject to the existing leases. This property offers a unique blend of immediate income generation and significant long-term appreciation potential in a rapidly developing area known for its farmers' markets, unique events, concerts, and scenic attractions. The enhanced zoning in this coveted neighborhood further enhances the property's value and future prospects. Don't miss this rare chance to acquire a high-visibility commercial property on a major South Texas thoroughfare.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.