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$829,400

NAL Estimated Property Value

0000 County Rd 3667 Off CR 1612, Portland, TX, 78359

Off MarketInfo
Baths0 Bath

About this property

LOWER THAN TAX-ROLL VALUE. Adjacent to another 63.80 +/- acres for over 127 Acre potential, this 63.80 +/- Acres of Prime land is now IN Portland city Limits. Situated near Portland and Gregory about 1.5 miles from Hwy. 181, this location could provide a variety of uses. Annexed as Residential (R-2, meaning no more than 2 homes per acre), but check with the City of Portland for Future Use re-zoning potential. There are plans for the city to bring utilities farther west from Kestrel road along CR 1612, and there is City Water to the west along CR 3667, but all utilities would have to be developed over to this site, as it is currently being farmed and has NO Utilities. There is a farm lease on it currently, so possession will be subject to crop harvest and end of lease, or buyout of lease/crops. Rollback taxes are negotiable to be Seller-paid with appropriate offer. You don't see that every day. This is a special opportunity indeed.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,976 /month
Positive
Cash Flow Estimate:
$1,659 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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0000 County Rd 3667 Off CR 1612 | Property Details | No Agent List