Two-Story Medical Office
For Sale
Contact for pricing
11821 FM 1488, Magnolia, TX 77354
Turnkey 2,600 SF office condo with medical spa buildout, multiple treatment rooms, and independent HVAC systems.
Property Size2,600 SF
Price / SF$288.46
Days on Market114
Property Features for 11821 FM 1488
General Information
Standard status
Active
Size
2,600 SF
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
Texas CRES
(713) 473-7200
Listed By:
Joel C. English · License #465800
Source:
Moodyscre
Added: Apr 8
Changed: Jul 27
Last Checked: Jul 29 at 3:20PM
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 Texas CRES
Investment Insights
Based on property information with market context.
This for-sale office condominium offers a turnkey medical spa buildout in move-in ready condition. The refined interior includes crown molding, tongue-and-groove ceilings, a curated designer color palette, and a statement chandelier at the entry. The layout features multiple treatment rooms, including several with water access, plus an integrated sound system with speakers in every room and soft uplighting.
The property is configured as a two-story space with natural separation between service areas and offices. The second floor is not ADA accessible, and each floor has its own independent HVAC system for climate control.
Located along FM 1488 in Magnolia, the condo is positioned within a growing corridor with surrounding development and strong accessibility.
The property is configured as a two-story space with natural separation between service areas and offices. The second floor is not ADA accessible, and each floor has its own independent HVAC system for climate control.
Located along FM 1488 in Magnolia, the condo is positioned within a growing corridor with surrounding development and strong accessibility.
Key Highlights
- 2,600 SF office condominium with turnkey medical spa buildout, suited for medical spa, salon, retail, office, or co‑working use
- Move‑in ready interior with refined finishes including crown molding, tongue‑and‑groove ceilings, designer color palette, and a statement chandelier
- Integrated sound system with speakers in every room plus soft uplighting for a controlled client experience
Financial Insights For Healthcare Medical
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 | $77.1k | $29.64 |
| − Vacancy | −$12.9k | −$4.98 |
| EGI | $64.1k | $24.66 |
| − OpEx | −$25.6k | −$9.86 |
| NOI | $38.5k | $14.80 |
2,600 SF · lease $29.64/SF/yr · vacancy 16.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$549.6K
$480.9K – $641.2K
NOI $38,470 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$435.4K
$381.0K – $508.0K
NOI $30,481 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$656.4K
$574.3K – $765.8K
NOI $45,946 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77354, TX
40,625
Population
15,747
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
74.2 sq mi
ZIP Area
548
Density / Sq Mi
$112,093
Median Household Income
$58,832
Median Earnings
$1,850
Median Rent
$379,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Total Skin Health Spa — 11821 FM 1488 Unit A, Magnolia, TX 77354
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Turnkey 2,600 SF office condo with medical spa buildout, multiple treatment rooms, and independent HVAC systems.
Where is this spa & wellness property located?
The property is located at 11821 FM 1488 Magnolia, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,600 SF office condominium with turnkey medical spa buildout, suited for medical spa, salon, retail, office, or co‑working use; Move‑in ready interior with refined finishes including crown molding, tongue‑and‑groove ceilings, designer color palette, and a statement chandelier; Integrated sound system with speakers in every room plus soft uplighting for a controlled client experience
