What is the asking price for Banyan Shores?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Banyan Shores?

The property has a total square footage of 136,708 SF.

When was this property built?

Banyan Shores was built in 1979.

How many parking spaces are available at Banyan Shores?

Parking information for the property isn't currently listed. However, other nearby parking options include Village Towers Parking Garage, located 2.31 miles away , and Memorial City Mall Overflow Parking, which is 2.90 miles away.

8800 Hammerly Blvd, Houston, TX 77080

For Sale Contact for pricing
Property Type Other
Units 208
Year Built 1979
Date Updated May 30, 2026

Description

Banyan Shores Apartments is a well-located, garden-style multifamily community situated at 8800 Hammerly Blvd in Houston’s Spring Branch submarket, offering convenient access to US-290 and I-10 and proximity to major employment, retail, and entertainment nodes including Memorial City.

The property features a mix of one- and two-bedroom apartment homes with functional floor plans ranging approximately from 530 to 830 square feet, designed to meet the needs of value-oriented renters. Units include all-electric kitchens, dishwashers, walk-in closets, central air and heating, breakfast bars, and private patios or balconies in select homes. Community amenities include a swimming pool, fitness center, business center, gated access, on-site laundry facilities, landscaped grounds, and 24-hour courtesy patrol.

With strong location fundamentals, practical unit layouts, and an established resident base in a high-demand West Houston corridor, Banyan Shores presents a compelling opportunity for investors seeking stable cash flow and long-term value in a mature submarket.

Highlights

ADDITIONAL UNITS: Unit above the office could be converted into a unit.
BELOW-MARKET RENTS WITH IMMEDIATE UPSIDE: In-place rents are estimated to be $100$150 below market, providing clear upside through improved management, unit upgrades, and amenity additions.
CLEAN INSURANCE HISTORY: Insurance loss runs have been clean for the past five years, mitigating operational risk and enhancing lender and investor confidence.
COMPELLING VALUE-ADD PROFILE: The property is ideally suited for a fresh makeover, with upside available through interior unit renovations, exterior capital improvements, and overall asset repositioning.
FRONTAGE ROAD EXPOSURE & FUTURE LAND VALUE: Located along a major frontage road in Spring Branch, supporting long-term land value appreciation as the corridor continues to evolve.
HIGHLY DESIRABLE SPRING BRANCH LOCATION: Located in a premier Spring Branch submarket, adjacent to the Memorial Villages, an area experiencing significant redevelopment and strong renter demand, positioning the asset for continued long-term growth.
LONG-TERM OWNERSHIP: The property has been held by the same ownership for over 10 years, creating a rare opportunity for a new investor to implement a full operational and physical repositioning.
RUBS OPTIMIZATION: Immediate NOI upside through improved RUBS implementation and utility cost recovery.
SIGNIFICANT LAUNDRY & W/D UPSIDE: 21 units with washer/dryer connections 8 units with in-unit washer/dryers Expansion across 208 units supports incremental income of ~$30/month per unit for connections or ~$65/month per unit for in-unit W/Ds No existing on-site laundry facility; however, space does exist, providing the potential for significant additional ancillary income.