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
    The Largest CRE Database in the US with Over 1 Million Listings

    3440 Corolla Rd The Woodlands, TX

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $760,000

    10 acres of residential development land in Magnolia, TX.

    Lot size:
    10.00 Acres

    Property Features for 3440 Corolla Rd

    General Information

    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Quenton Rockwell
    Quenton Rockwell
    Source: Moodyscre

    Listing Agent: Quenton Rockwell

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

    Learn more

    Overview

    Residential Land Near Golf Course

    This property features 10 acres of land suitable for residential development in Magnolia, Texas. The property consists of two 5-acre tracts being sold together. It is located adjacent to the Grand Lakes Estates Golf Course, offering views of the course. A major road extension is planned next to the eastern border of the property, which will enhance accessibility. An easement will be granted to Corolla Rd, further improving access points. This property is positioned as an opportunity for residential developers looking to invest in a growing area.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    The Woodlands
    County
    Harris
    State
    Texas
    Longitude
    -95.4672962
    Latitude
    30.1261952

    Nearby Similar for Sale

    • $249,900

      Sterling Green Condominium For Sale

      Upscale condominium in The Woodlands, walking distance to amenities.
      6607 Lake Woodlands Dr, The Woodlands, TX 77382
      View Details
    • $7,500,000
      5,776 SF

      Renovated Car Wash on Woodlands Parkway

      State-of-the-art car wash with full, express, and self-service options.
      6771 Woodlands Pkwy, The Woodlands, TX 77382
      View Details
    • $99,000

      Condo Near Woodlands Walking Trails

      Condo with granite countertops, close to I45 and trails.
      3500 Tangle Brush Dr Dr, The Woodlands, TX 77381
      View Details
    • Contact for pricing
      50,380 SF

      The Woodlands Town Center Office

      Atrium-style office building in The Woodlands Town Center.
      2202 Timberloch Pl, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      50,038 SF

      The Woodlands Town Center Office

      Office space in The Woodlands Town Center, ample parking.
      2204 Timberloch Pl, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      45,000 SF

      The Woodlands Office Space Available

      Office space for sale in The Woodlands, Texas.
      4185 Technology Forest Blvd, The Woodlands, TX 77381
      View Details
    • $375,000
      1,250 SF

      Office Suite in The Woodlands

      Office suite for sale in The Woodlands, Texas.
      25420 Kuykendahl Rd, The Woodlands, TX 77375
      View Details
    • Contact for pricing
      139,107 SF

      Class A Office Space

      Class A office space in The Woodlands town center.
      1330 Lake Robbins Dr, The Woodlands, TX 77380
      View Details
    • $7,500,000
      5,776 SF

      Ventura Car Wash: Woodlands Parkway

      High-traffic car wash, excellent location.
      6771 Woodlands Pkwy, The Woodlands, TX 77382
      View Details
    • Contact for pricing
      60,000 SF

      Westgate Crossing: Pads 3 & 4

      Prime Woodlands Mixed-Use Pads
      - Pad 3 & 4 Westgate Xing, The Woodlands, TX 77354
      View Details
    • $599,900
      2,250 SF

      The Woodlands Office Condos

      Four Units, 2,250 SF Each, Vacant
      25511 Budde Rd, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      22,548 SF

      Shadowbend Place Religious Facility

      Texas Special Purpose Property, 22,548 SF
      6265 Shadow Bend Pl, The Woodlands, TX 77381
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres of residential development land in Magnolia, TX.
    Where is this land located?
    The property is located at 3440 Corolla Rd The Woodlands, TX.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: - 10 acres of land ideal for residential development; - Adjacent to Grand Lakes Estates Golf Course with scenic views; - Planned major road extension enhancing accessibility
    (281) 304-5900
    Request Owner's contact information
    3440 Corolla Rd The Woodlands, TX
    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.
    3440 Corolla Rd
    The Woodlands, TX
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3440 Corolla Rd The Woodlands, TX
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Quenton Rockwell
    Quenton Rockwell
    (281) 304-5900
    Learn more
    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.