911 Denver St Portland, TX 78374
This 1,020 square foot office building, located at 911 Denver Street in Portland, Texas, presents a unique investment opportunity. Situated on a 0.25-acre lot encompassing three combined parcels, the property offers significant potential for redevelopment or repurposing. The building's current condition necessitates either a complete renovation or demolition. Previous use included residential and/or multi-family occupancy. The seller has confirmed with the City of Portland that the property is multi-zoned for both commercial and residential uses. However, prospective buyers are strongly advised to independently verify zoning regulations and permitted uses with the City of Portland to ensure alignment with their intended development plans. The property is being sold "as is, where is," reflecting its current condition and requiring the buyer to conduct due diligence regarding all aspects of the property and its suitability for their intended purpose. This presents a blank canvas for a creative developer or investor seeking a prime location in Portland, Texas. The asking price is $125,500.
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
Similar Nearby for Sale
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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.