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$110,000

623 Commerce St, Portland, TX, 78374

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,428 sqft

Land Information

APN1403-0003-0001-000
Lot Number1A
SubdivisionPortland Tier E
Land UseVacant Land
Legal DescriptionPORTLAND TIER E BLK 3 LOT 1A
Census Tract010604
Assessed Land Value$18,482
Assessment Year2025

About this property

This 0.285 Acre property is 2 lots together with around ~95 feet of road frontage on Commerce in Portland. Lot 1 is 142.5' deep x 25' along the road, rectangular. Lot 1A is actually an old street Right of Way, 70' across the street x varying depth from ~107-147'. Ask your agent to see the survey. Zoned in the Olde Town II (2) district, this is THE area of town that allows Special Permits for mixed use such as Commercial (i.e. Retail or Office space), Single-family Residential, certain types of Multi-family Residential, and Light Industrial (i.e. self-storage or metal "warehouses"). Also near the City's new Leisure & Entertainment District. It's adjacent to three other properties for sale (buying all 4 could end up with ~370 feet of frontage; NOTE: 4 different Selling Entities). Overhead electric line in back, and City water and sewer are nearby, but the City would charge for tapping into the lines. Buyer responsible for ascertaining gas availability and utility install cost.

Investor Tools

$0Estimated Mortgage Balance
$18,482Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$660 /month
Positive
Cash Flow Estimate:
$220 /month

Interested in this property?

Brenton Reagan

Cass Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$94/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,036
$18,482
2025
$18,482
N/A
$18,482
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,036
$18,482

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$18,482
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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623 Commerce St | Property Details | No Agent List