Remodeled Home on
For Sale
$635,000
33319 Lago Vista Real, Magnolia, TX 77355
2.13 acre property with remodeled home, barn, and office.
Property Size1,922 SF
Price / SF$330.39
Days on Market547
Property Features for 33319 Lago Vista Real
General Information
Standard status
Active
Size
1,922 SF
Taxes and HOA fees
Annual Taxes
$3,951
Building Details
Year Built
1988
Listing Agency:
AVILA REALTY
Listed By:
MANUEL OSUNA · License #0617144
(281) 570-9709
Source:
Corcoran
Added: Apr 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 AVILA REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This unique property features 2.13 acres of land improved with a remodeled house containing 3 bedrooms and 2 baths. The property also includes a huge barn and an office or storage area. It is located very close to FM 1488 in a desirable location. The property is suitable for either residential or commercial use and has no restrictions. Water is provided by a well, and sewage is managed with a septic system. The property shares a pond with the neighbors. The house size is 1922 square feet.
Key Highlights
- 2.13 acres with no restrictions, suitable for residential or commercial use.
- Remodeled house with 3 bedrooms and 2 baths.
- Great location, very close to FM 1488**.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,893
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,860
$397.9K
Cap Rate 7%
$284,186
$284.2K
Cap Rate 9%
$221,033
$221.0K
Market Conditions
NOI Build-Up for 1,922 SF
Gross rent
$34.6K $18.00/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$31.8K $16.56/SF
− OpEx
−$11.9K −$6.21/SF
NOI
$19.9K $10.35/SF
Area
Montgomery County, TX
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,860
Cap Rate 7%
$284,186
Cap Rate 9%
$221,033
Alternative Uses
Best Use
Mixed Use
$284.2K
$248.7K – $331.6K
NOI $19,893 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$485.2K
$424.6K – $566.1K
NOI $33,965 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 77355, TX
29,300
Population
11,279
Households
2.6
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
55.6 sq mi
ZIP Area
527
Density / Sq Mi
$101,270
Median Household Income
$57,481
Median Earnings
$1,472
Median Rent
$329,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Mixed-use property - 2.13 acre property with remodeled home, barn, and office.
Where is this mixed-use property located?
The property is located at 33319 Lago Vista Real Magnolia, TX.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 2.13 acres with no restrictions, suitable for residential or commercial use.; Remodeled house with **3 bedrooms and 2 baths**.; Great location, very close to FM 1488**.
