Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21750 Fm 1488 Rd Magnolia, TX 77354

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $489,300

    1.62 acres with frontage on FM 1488 near residential developments.

    Lot size:
    1.62 Acres

    Property Features for 21750 Fm 1488 Rd

    General Information

    Standard status
    Active
    Lot size
    1.62 Acres

    We can help!

    Listing Contact
    Anne Vickery
    Anne Vickery
    Source: Corcoran

    Listing Agency: ANNE VICKERY & ASSOCIATES REALTY, LLC Listing Agent: Anne Vickery

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

    Learn more

    Overview

    Magnolia Land with FM 1488 Frontage

    This 1.62-acre property features frontage of approximately 300+ linear feet on FM 1488, situated just west of Downtown Magnolia. The site is located on the north boundary of FM 1488 at Ranch Crest Subdivision, which includes over 600 homes. It is near several residential developments, including Williams Trace Subdivision with approximately 540 homes at build-out on the south boundary of FM 1488, Magnolia Ridge Subdivision 4.5 miles east on FM 1488 with approximately 700+ rooftops, and Escondido, a 150-acre master-planned development on FM 1774 just west of Magnolia West High School, bringing in a total of 600 homes. The site is suitable for retail, townhome development, or office use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.79826
    Latitude
    30.189466

    Nearby Similar for Sale

    • Contact for pricing
      94,448 SF

      Magnolia Retail Center For Sale

      Grocery anchored retail center at a major intersection in Magnolia, Texas.
      18535 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      20,843 SF

      Restaurant Retail Space Available

      Retail space for sale at FM 1488 and Windcrest.
      9201 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      28,080 SF

      Magnolia Retail/Office Space Available

      Retail/office space available in high-growth area near FM 1488.
      6875 Fm 1488 Rd, Magnolia, TX 77354
      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
    • $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
    • 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
    • $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
    • $665,000
      2,600 SF

      Magnolia Office Building For Sale

      2,600 SF office building available in Magnolia, Texas.
      11821 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $1,250,000
      4,050 SF

      Magnolia Commercial Building For Sale

      4,050 SF commercial building in high-traffic Magnolia corridor.
      28809 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      9,996 SF

      Retail/Office Flex/Showroom Space

      Retail/office flex/showroom space available in a growing area.
      32403 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      49,076 SF

      Office-Warehouse and Co-Working Spaces

      Office-warehouse and co-working spaces with private storage available for lease.
      8259 Farm To Market Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      9,800 SF

      Magnolia Industrial Building For Sale

      9,800 SF industrial building with 2,500 SF office space.
      19802 Farm To Market Rd, Magnolia, TX 77355
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.62 acres with frontage on FM 1488 near residential developments.
    Where is this commercial land located?
    The property is located at 21750 Fm 1488 Rd Magnolia, TX.
    What is the asking price?
    The asking price for this property is $489,300.
    What are key features of this property?
    This property features: - Excellent frontage with over 300 linear feet on FM 1488.; - 1.62 acres suitable for retail, townhome development, or office.; - Located near Ranch Crest Subdivision (600+ homes).
    (281) 732-4071
    Request Owner's contact information
    21750 Fm 1488 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.
    21750 Fm 1488 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
    21750 Fm 1488 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
    Anne Vickery
    Anne Vickery
    Real Estate License ID: /9005105
    (281) 732-4071 (281) 940-7253 (713) 907-9680
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!