Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    38839 Spur 149 Rd Magnolia, TX 77354

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $12,500,000

    Development site with income from long-time tenant through 2027.

    Lot size:
    20.18 Acres

    Property Features for 38839 Spur 149 Rd

    General Information

    Lot size
    20.18 Acres

    Source: Colliers - The Woodlands Agent Tom Condon, Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20.18 Acres Development Site

    This property offers a development site consisting of approximately 20.18 acres. It is located between The Woodlands and Magnolia, representing a covered-land opportunity with income from a long-time tenant. The site is shadow anchored by a new Lowe’s and H-E-B grocery store. The property is leased on a NNN basis through December 31, 2027. The base rent is $897,840 per year, with CPI-U increases beginning January 1, 2025. The tenant has the right to early termination with a 15-month termination notice. The property has approximately 1,020 feet of frontage on Spur 149 and approximately 925 feet of frontage on Red Creek Circle. It is located within the Magnolia ISD. The property is unrestricted until city annexation is in place. Possible public utilities are available with annexation into the City of Magnolia and/or either adjacent MUD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oilfield Steel Supply Steel Distributor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.68185
    Latitude
    30.218554

    Nearby Similar for Sale

    • $1,300,000

      Equine Barndominium on 6 Acres

      Equine-oriented barndominium with flexible living and working space.
      39526 Cimarron Way, Magnolia, TX 77354
      View Details
    • $6,400,000

      Magnolia Industrial Warehouse Investment Opportunity

      38,000 SF industrial warehouse on 3.86 acres in Magnolia, TX.
      33204 Magnolia Cir, Magnolia, TX 77354
      View Details
    • $1,850,000
      3,136 SF

      Unrestricted Land with Custom Log Cabin

      15.01 acres with cabin, barn, pond near Tomball.
      42500 N Mill Dr, Magnolia, TX 77354
      View Details
    • $2,295,000

      Magnolia Horse Property with Barn

      15.74 acre equestrian estate with custom 4,400 sqft home.
      322 Whispering Mdw, Magnolia, TX 77355
      View Details
    • $750,000

      Unrestricted Magnolia Property with Updated Home

      5-acre property with updated home, ideal for various uses.
      30906 Walnut Creek Rd, Magnolia, TX 77355
      View Details
    • $1,600,000
      4,480 SF

      Gated Silverado Ranches Retreat

      Private 8-acre retreat with main house and guest apartment.
      30820 Collier Smith Rd, Magnolia, TX 77354
      View Details

    FAQs

    What type of property is this?
    Land - Development site with income from long-time tenant through 2027.
    Where is this land located?
    The property is located at 38839 Spur 149 Rd Magnolia, TX.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: - Significant annual income: $897,840 per year NNN lease provides substantial and reliable income.; - Prime development site of ±20.18 acres located in a high-growth area between The Woodlands and Magnolia.; - Strategic location shadow-anchored by a new Lowe’s and H-E-B grocery store.
    (713) 830-4007
    Request Owner's contact information
    38839 Spur 149 Rd Magnolia, TX 77354
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38839 Spur 149 Rd
    Magnolia, TX 77354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    38839 Spur 149 Rd Magnolia, TX 77354
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.