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    6875 FM 1488 Magnolia, TX 77354

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    Retail/office space available in high-growth area near FM 1488.

    Type:Retail
    Property size:
    28,080 SF
    Added:
    Jan 27, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 6 at 12:27 am

    Property Features for 6875 FM 1488

    General Information

    Standard status
    Active
    Size
    28,080 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    Properties For Sale

    at 6875 FM 1488 Contact us

    We can help!

    Listing Contact
    Jeff Beard CCIM
    Jeff Beard CCIM

    Listing agent Jeff Beard CCIM License #0400693

    Listing office SVN | J. Beard Real Estate – Greater Houston

    Listing date Jan 27, 2026

    Source Svn

    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 SVN | J. Beard Real Estate – Greater Houston

    Overview

    Magnolia Retail/Office Space Available

    Located at the corner of FM 1488 and Westwood Square E Drive, this property offers approximately 1,885 square feet of retail or office space for lease. The building has a gross leasable area of 28,080 square feet. Situated on heavily traveled FM 1488, approximately 7 miles west of Interstate 45 and adjacent to the southwest corner of FM 1488 and FM 2978, the property benefits from high visibility. The location is experiencing high growth, with a new HEB just west of the center. Target and Kroger Centers are located at the FM 2978 intersection, and a Home Depot is nearby on FM 1488. A Walmart is situated just south on FM 2978 at Woodlands Parkway. Woodforest, a 5,500-home master-planned development, is located just north of FM 1488 on Honea Egypt Rd./Fish Creek Thoroughfare, which is open to Conroe. The property features a typical 25’ x 65’ bay depth and a parking ratio of 5.1:1000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Revive Therapy Massage ... Alternative Medicine Practice Sweeney Foot & Ankle ... Medical Clinic Code Ninjas - The Woodlands ... Training Center Paul Piper, Jr., ... Medical Clinic FedEx Drop Box Postal Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4956
    Latitude
    30.232

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    FAQs

    What type of property is this?
    Retail space - Retail/office space available in high-growth area near FM 1488.
    Where is this retail space located?
    The property is located at 6875 FM 1488 Magnolia, TX.
    What are key features of this property?
    This property features: High visibility location on heavily traveled FM 1488.; Located in an area experiencing high growth.; Ample parking with a 5.1:1000 parking ratio.
    (281) 367-2220
    We can help!
    Listing Contact
    Jeff Beard CCIM
    Jeff Beard CCIM
    Real Estate License ID: 0400693
    Learn More
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    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
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