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Property profile & analytics
FOR SALE
Commercial real estate

902 Us Highway 181 Portland, TX 78374

1,575 SF 0.31 ac lot Built 2001
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US83-3821591
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Construction BRICK
Total area 1,575 SF
Lot 0.31 ac (13,373 SF)
APN 1406-0005-0019-006
UPID US83-3821591
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Texas Land Trail Nueces · 20 yrs held
Texas Land Trail Nueces
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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