Former Bank Building For
22240 Farris Green Rd, Porter, TX 77365
For Sale
Contact for pricing
Versatile commercial site with existing infrastructure in a growing area.
Property Size5,130 SF
Price / SF$289.47
Days on Market568
Property Features for 22240 Farris Green Rd
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Anne Vickery Real Estate
Listed By:
Anne Vickery · License TX #9005105
(281) 732-4071
Source:
Crexi
Added: Apr 22, 2025
Changed: Nov 6
Last Checked: Nov 10 at 8:18AM
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 Anne Vickery Real Estate
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Investment Insights
Based on property information with market context.
This former bank property presents an opportunity to own a highly visible and versatile commercial site with existing infrastructure. The 5,130 square-foot property features a spacious lobby, a large vault, a conference room, and multiple private offices. It is located near Home Depot, Wal-Mart, and Spec’s Liquor, and is minutes from Valley Ranch Medical District and Town Center (2.5 miles). The property offers easy access to Grand Parkway (Hwy 99), I-69 (Hwy 59), and FM 1314. Downtown Houston and IAH Bush Airport are each 30 minutes away. Situated in a federally designated Opportunity Zone, this location allows for positioning a business or investment in one of the fastest-growing areas in Montgomery County. The property is suitable for financial institutions, professional offices, or retail conversion.
Key Highlights
- Highly visible, versatile commercial site with existing infrastructure.
- Strategically located near Home Depot, Wal‑Mart & Spec’s Liquor.
- Easy access to Grand Parkway (Hwy 99), I‑69 (Hwy 59) & FM 1314.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,656
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,120
$1.8M
Cap Rate 7%
$1,295,086
$1.3M
Cap Rate 9%
$1,007,289
$1.0M
Market Conditions
NOI Build-Up for 5,130 SF
Gross rent
$128.0K $24.96/SF
− Vacancy
−$7.2K −$1.40/SF
EGI
$120.9K $23.56/SF
− OpEx
−$30.2K −$5.89/SF
NOI
$90.7K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,120
Cap Rate 7%
$1,295,086
Cap Rate 9%
$1,007,289
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,656 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$993.7K
$869.5K – $1.16M
NOI $69,561 @ 7.0% cap · market cap 4.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 77365, TX
42,086
Population
15,442
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
82%
High-School Grad
41.4 sq mi
ZIP Area
1,017
Density / Sq Mi
$96,093
Median Household Income
$50,248
Median Earnings
$1,381
Median Rent
$261,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Bank - Versatile commercial site with existing infrastructure in a growing area.
Where is this bank located?
The property is located at 22240 Farris Green Rd Porter, TX.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Highly visible, versatile commercial site with existing infrastructure.; Strategically located near Home Depot, Wal‑Mart & Spec’s Liquor.; Easy access to Grand Parkway (Hwy 99), I‑69 (Hwy 59) & FM 1314.
