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    18993 Ferne Dr Porter, TX 77365

    For Sale
    $6,150,000

    Downtown Monterey office, flexible suites available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A executive office building, located near downtown Monterey, offers a unique opportunity for businesses seeking flexible and prestigious space. The 1,752 square foot, two-story building sits on a 5,397 square foot lot and boasts a variety of features ideal for a range of professional uses. Built in 1957, the property includes a welcoming reception area, a convenient breakroom, and two private bathrooms. There are four or more private offices, along with a dedicated conference room area, providing ample space for meetings and collaboration. The upper-level offices offer the added benefit of private exterior balconies, providing natural light and a pleasant workspace. The building's layout allows for flexibility, with the ability to lease the entire space or individual suites, ranging from a minimum of 292 square feet to a maximum contiguous space of 1,752 square feet. Convenient private parking is located at the rear of the building. The second story even features a separate entrance directly from the parking lot. Previously occupied by a law firm, this property is ready for immediate occupancy and presents a rare opportunity to establish a presence in a desirable Monterey location. The property's APN is 001-591-041 and is located in Monterey County. No elevators are present in this building.

    Property Features for 18993 Ferne Dr

    General Information

    Property type
    Schools
    Lot Size
    4,791,600 SF

    Building Details

    Year Built
    1996
    Buildings
    12
    Stories
    2

    HighLights

    • Class A, 1,752 square foot office building in Monterey County.
    • Single‑story and two‑story spaces available, ranging from 292 to 1,752 square feet.
    • Building features include a reception area, breakroom, two private bathrooms, four plus private offices, and a conference room.
    • Property includes private rear parking and exterior balconies accessible from upstairs offices.
    • Separate entrance to upstairs offices from the parking lot.
    • Located near downtown Monterey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Auto Repair Shop Hair Salon Clothing Store Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.2794013
    Latitude
    30.1461703

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    FAQs

    What type of property is this?
    School - Downtown Monterey office, flexible suites available.
    Where is this school located?
    The property is located at 18993 Ferne Dr 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: Class A, 1,752 square foot office building in Monterey County.; Single-story and two-story spaces available, ranging from 292 to 1,752 square feet.; Building features include a reception area, breakroom, two private bathrooms, four plus private offices, and a conference room.
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    Realmo Value Estimation

    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.

    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.

    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
    18993 Ferne Dr Porter, TX 77365
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