Office Building With
107 Fannin Street, Millsap, TX 76066
For Sale
Contact for pricing
Former bank building retains a safe, teller window, and drive-through for adaptable commercial use.
Property Size988 SF
Price / SF$2.53
Days on Market95
Property Features for 107 Fannin Street
General Information
Standard status
Size
Property subtype
Additional Details
Drive-Thru
Amenities
full safe
teller window
functional drive-thru
Listing Agency:
Keller Williams Heritage West
(817) 441-4000
Listed By:
Lane Cooper · License TX #0750847
(417) 331-9125
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Nov 3
Last Checked: Nov 10 at 7:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Heritage West
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Investment Insights
Based on property information with market context.
This office building at 107 Fannin Street in Millsap, Texas, retains several features from its former banking use, including a full safe, teller window, and drive-through facility. The interior is described as flexible, allowing the space to be adapted for professional office, retail, café, service, or financial-service operations.
On-site parking supports customer and employee access. The property’s existing banking improvements provide a distinctive starting point for a business seeking a configurable commercial setting in Millsap.
On-site parking supports customer and employee access. The property’s existing banking improvements provide a distinctive starting point for a business seeking a configurable commercial setting in Millsap.
Key Highlights
- Former bank building with a full safe
- Teller window remains in place
- Existing drive‑through facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,600
$250.6K
Cap Rate 7%
$179,000
$179.0K
Cap Rate 9%
$139,222
$139.2K
Market Conditions
NOI Build-Up for 988 SF
Gross rent
$21.7K $21.96/SF
− Vacancy
−$5.0K −$5.05/SF
EGI
$16.7K $16.91/SF
− OpEx
−$4.2K −$4.23/SF
NOI
$12.5K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,600
Cap Rate 7%
$179,000
Cap Rate 9%
$139,222
Alternative Uses
Best Use
Specialty Retail
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap
Second Best
Retail
$227.1K
$198.7K – $265.0K
NOI $15,897 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$248.2K
$217.2K – $289.5K
NOI $17,372 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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Business Placement
Demographics for 76066, TX
3,816
Population
1,977
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
87%
High-School Grad
88.0 sq mi
ZIP Area
43
Density / Sq Mi
$102,931
Median Household Income
$55,859
Median Earnings
$834
Median Rent
$246,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Parker County, TX
Properties on Market for Office buildings in Parker County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Former bank building retains a safe, teller window, and drive-through for adaptable commercial use.
Where is this office building located?
The property is located at 107 Fannin Street Millsap, TX.
What are key features of this property?
This property features: Former bank building with a full safe; Teller window remains in place; Existing drive‑through facility
