Remodeled Home on
33319 Lago Vista Real Magnolia, TX 77355
33319 Lago Vista Real, Magnolia, TX, 77355
$635,000
For Sale
$635,000
2.13 acre property with remodeled home, barn, and office.
Property Size1,922 SF
Price / SF$330.39
Days on Market452
Property Features for 33319 Lago Vista Real
General Information
- Standard status
- Active
- Size
- 1,922 SF
Building Details
- Year Built
- 1988
Listing Agency
AVILA REALTY
(281) 364-1588
Listed by
MANUEL OSUNA · License #0617144
Source
Corcoran
Added: Apr 25, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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
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.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $18.00 |
| − Vacancy | −$2.8k | −$1.44 |
| EGI | $31.8k | $16.56 |
| − OpEx | −$11.9k | −$6.21 |
| NOI | $19.9k | $10.35 |
1,922 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
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**.
