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

    26842 Fm 2978 Rd Magnolia, TX 77354

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.4 acres of commercial land with pad sites available.

    Property size:
    3 SF
    Lot size:
    3.40 Acres

    Property Features for 26842 Fm 2978 Rd

    General Information

    Size
    3 SF
    Lot size
    3.40 Acres

    We can help!

    Listing Contact
    Diana Gaines
    Source: Jbeardcompany

    Listing Agent: Diana Gaines

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

    Learn more

    Overview

    Magnolia Commercial Development Opportunity

    This 3.4-acre commercial property offers development opportunities with pad sites available for sale. Situated at the entrance to the Northgrove at Spring Creek master-planned community in Magnolia, Texas, this location is ideal for freestanding retail, restaurants, or in-line retail. The property benefits from its proximity to The Woodlands Master Planned Community, Tomball, and Spring, all within minutes. The Northgrove community is planned to include approximately 996 homes upon completion, with prices reaching up to $700,000s, and will feature 200 acres of open green space. Access is available from Northgrove Parkway and FM 2978, with approximately 566 feet of frontage on FM 2978. Convenient access to SH 249 and Grand Parkway 99 (Toll Road) enhances the property's appeal. A signalized intersection is located at the main entrance of the development. MUD 137 provides full utilities, including off-site detention. The property is located outside the 500-year floodplain, according to FEMA. Top-ranked Magnolia schools are located in close proximity to the site. Traffic counts from 2021 TXDOT data show FM 2978 north of the site with 23,669 vehicles and FM 2978 south of the site with 19,223 vehicles.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.597167
    Latitude
    30.14993

    Nearby Similar for Sale

    • Contact for pricing
      69,550 SF

      Magnolia TX Industrial Manufacturing Facility

      69,550 SF industrial facility on 15.16 acres near Highway 249.
      25918 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $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
    • $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
    • $2,200,000

      Texas Equestrian Estate with Workshop

      29+ acre Texas estate with custom home and equestrian facilities.
      1534 Virgie Community Rd, Magnolia, TX 77354
      View Details
    • $350,000
      1,350 SF

      Magnolia Office Condo For Sale

      Office condominium in Magnolia, TX, near The Woodlands.
      28789 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $1,695,000

      Equestrian Estate with Covered Arena

      Exceptional equestrian estate featuring a lighted, covered arena and barn.
      28207 Dobbin Huffsmith Rd, Magnolia, TX 77354
      View Details
    • $349,000
      1,200 SF

      Versatile Flex Space in Magnolia

      Functional flex space with roll-up door in prime location.
      5432 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $1,230,000

      Turnkey RV Park Investment Opportunity

      Established RV Park on 2 acres with income potential.
      36815 Fm 1774 Rd, Magnolia, TX 77355
      View Details
    • Contact for pricing
      85,000 SF

      Planned Development with Flex Space

      85,000 SF planned development offering warehouse, flex, and office spaces.
      26823 Fm 2978 Rd, Magnolia, TX 77354
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.4 acres of commercial land with pad sites available.
    Where is this commercial land located?
    The property is located at 26842 Fm 2978 Rd Magnolia, TX.
    What are key features of this property?
    This property features: - Located at the entrance to Northgrove Master Planned Community at Spring Creek, a Toll Brothers Community.; - **3.4 Acres with pad sites available** – ideal for Freestanding Retail or Restaurant, Pad-In-line retail.; - Convenient access to SH 249 & Grand Pkwy 99 (Toll Road).
    (281) 367-2220
    Request Owner's contact information
    26842 Fm 2978 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.
    26842 Fm 2978 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 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
    26842 Fm 2978 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diana Gaines
    (281) 367-2220
    Learn more
    Google sign-in failed. Please try again or use another login method.