Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Montgomery County 110-Acre Property Title is generated by Realmo AI

    18993 Ferne Drive, Porter, TX 77365

    View on Map
    Claim this Listing
    For Sale
    $6,150,000

    110-acre property in booming residential development corridor.

    Type:Farm / Detached
    Property size:
    11,279 SF
    Lot size:
    110.00 Acres
    Price / SF:
    $545/SF
    Added:
    Apr 28, 2023
    Days on Market:
    1130
    Last Refresh:
    Mar 13 at 5:14 pm

    Property Features for 18993 Ferne Drive

    General Information

    Standard status
    Active
    Size
    11,279 SF
    Lot size
    110.00 Acres
    Property subtype
    Farm / Detached

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Juan Sanchez

    Listing agent Juan Sanchez License #0520895

    Listing office Sendero Real Estate

    Listing date Apr 28, 2023

    Source Compass

    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 Sendero Real Estate

    HighLights

    • 110‑acre property in a rapidly developing residential area of East Montgomery County.
    • Excellent location: Less than 1 mile from Grand Pkwy and 1/2 mile from FM 1314, 12 miles East of The Woodlands, and 4 miles West of Valley Ranch.
    • Previously operated as a secluded, well‑maintained retreat, suitable for a summer camp, corporate retreat, or non‑profit campus.
    • Enjoy the in‑ground private pool.
    • Built in 1996 with central air conditioning and heating.
    • Horse‑friendly property with horses allowed and a security gate.

    Overview

    Located in East Montgomery County, this 110-acre property is situated less than 1 mile from Grand Parkway and 0.5 miles from FM 1314. The tract is positioned in a booming residential development corridor, directly across the street from MPC “The Highlands.” It is strategically located 12 miles east of The Woodlands and 4 miles west of Valley Ranch. Previously operated as a secluded, non-profit retreat, the property features numerous improvements and has been well-maintained. This makes it suitable as a turn-key summer camp, corporate retreat, or non-profit campus.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Hair Salon Pharmacy Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.283104
    Latitude
    30.1449

    Nearby Similar for Sale

    • $1,950,000
      60,984 SF

      Two Industrial Buildings on Acreage

      Two industrial buildings on 1.4 acres with robust electrical capacity.
      22040 E Hammond, Porter, TX 77365
      View Details
    • $450,000

      4-Acre Property with Lake Views

      4-bedroom home on 4 acres with lake views.
      20065 Spring Hill Ln, Porter, TX 77365
      View Details
    • $1,583,000
      5,130 SF

      Former Bank Property For Sale

      Highly visible commercial site with existing infrastructure in Porter, TX.
      22240 Farris Green, Porter, TX
      View Details
    • $1,200,000
      6,967 SF

      Partially Finished Retail Opportunity

      Prime location with high potential for various uses.
      23515 FM 1314, Porter, TX 77365
      View Details
    • $1,485,000
      5,130 SF

      Former Bank Building For Sale

      Versatile commercial site with existing infrastructure in a growing area.
      22240 Farris Green Rd, Porter, TX 77365
      View Details
    • $1,050,000

      Flex Warehouse Condos For Sale

      Flex warehouse condos available for sale, ranging from 1,750-11,900 SF.
      22031 E Knox Dr, Porter, TX
      View Details
    • Contact for pricing
      7,000 SF

      Industrial Property in Porter, Texas

      7,000 SF industrial property for sale in Porter, TX.
      23095 Yupon Street, Porter, TX
      View Details
    • Contact for pricing
      4,910 SF

      New Industrial Facility in Porter

      Newly constructed industrial facility ideal for various business operations.
      20735 Old Sorters Road, Porter, TX 77365
      View Details
    • $999,000

      Retail/Office Space on FM 1413

      High-traffic location ideal for retail, office, or QSR.
      23214 Sorters, Porter, TX
      View Details
    • $1,326,600
      8,040 SF

      Flexible Office/Warehouse Space Available

      Office and warehouse spaces for sale or lease.
      22985 FM1314, Porter, TX 77365
      View Details
    • $1,782,000
      11,670 SF

      Flexible Office/Warehouse Spaces Available

      Office and warehouse spaces for purchase or lease.
      22985 FM 1314 Bldg 7, Porter, TX 77365
      View Details
    • $6,150,000

      East Montgomery County 110-Acre Property

      110-acre property in booming residential area, near Grand Pkwy.
      18993 Ferne Dr, Porter, TX 77365
      View Details

    FAQs

    What type of property is this?
    Farm - 110-acre property in booming residential development corridor.
    Where is this farm located?
    The property is located at 18993 Ferne Drive Porter, TX.
    What is the asking price?
    The asking price for this property is $6,150,000.
    What are key features of this property?
    This property features: 110‑acre property in a rapidly developing residential area of East Montgomery County.; Excellent location: Less than 1 mile from Grand Pkwy and 1/2 mile from FM 1314, 12 miles East of The Woodlands, and 4 miles West of Valley Ranch.; Previously operated as a secluded, well‑maintained retreat, suitable for a summer camp, corporate retreat, or non‑profit campus.
    (832) 607-8678
    We can help!
    Listing Contact
    Juan Sanchez
    Real Estate License ID: 0520895
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18993 Ferne Drive, Porter, TX 77365
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!