Add Listing
    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

    26156 Red Oak Dr Magnolia, TX 77355

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $478,500

    Eight-acre property with two prepared building pads and updated electrics.

    Lot size:
    8.00 Acres

    Property Features for 26156 Red Oak Dr

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres

    We can help!

    Listing Contact
    Becky Bible
    Source: Corcoran

    Listing Agency: BAKER REALTY SOLUTIONS LLC Listing Agent: Becky Bible

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

    Learn more

    Overview

    Unrestricted Land with Dirt Pads

    This eight-acre property presents various possibilities, originally intended for two homes and a business. The site features two substantial dirt pads, one measuring approximately 100' x 150' and the other 100' x 175'. The undersoil has been removed and replaced with select fill to provide a solid base for construction, with over $100,000 invested in new dirt. The property's electrical system has been upgraded with a new transformer and pole, and all electrical lines are run underground. A well is present on the property but requires resetting due to disconnection during the dirt clearing process; the holding tank was also knocked over. A tree line has been maintained around the property perimeter to ensure privacy from the road. The property is unrestricted and suitable for multiple homes, a barn, or a workshop. Located outside the city limits and not within a MUD district, it offers a lower tax rate.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Kitchen & Bath Showroom HVAC Service Plumbing Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.78735
    Latitude
    30.161821

    Nearby Similar for Sale

    • $810,000
      2,916 SF

      Magnolia TX Elegant Wooded Property

      Elegant 3-bedroom home on a spacious 1.369-acre wooded corner lot.
      29252 Sky Forest Cir, Magnolia, TX 77355
      View Details
    • $950,000

      Unrestricted Acreage with Renovated Home

      Unrestricted acreage featuring a renovated home, garage, and office.
      8526 Oakwood Dr, Magnolia, TX 77354
      View Details
    • $1,600,000
      3,899 SF

      Magnolia Estate with Private Pond

      Spacious estate on 12 wooded acres with pond.
      13506 Stagecoach Rd, Magnolia, TX 77355
      View Details
    • $469,900
      Pending

      Luxury Townhome Duplex in Magnolia

      Leased townhome duplex near The Woodlands with modern amenities.
      9756-9760 Grosbeak Ln, Magnolia, TX 77354
      View Details
    • $749,500
      2,872 SF

      Charming Equestrian Retreat on Acres

      Unrestricted 5.42-acre property perfect for horses, cattle, or commercial use.
      25429 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $1,300,000

      Equine Barndominium Near Woodlands/Magnolia

      Equine-oriented barndominium with flexible living and working space.
      39526 Cimarron Way, Magnolia, TX 77354
      View Details
    • $2,200,000

      Texas Equestrian Estate with Workshop

      29+ acre Texas estate featuring a custom home and equestrian facilities.
      1534 Virgie Community 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
    • $999,000
      3,076 SF

      7.4 Acres Equestrian Business Ready

      7.4 acres wooded land, ideal for horse owners.
      33542 Wright Rd, Magnolia, TX 77355
      View Details
    • $749,500

      Equestrian Retreat on 5.42 Acres

      Charming 3-bedroom home with barns and pastures on 5.42 acres.
      25429 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $1,350,000
      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
    • $480,000
      400 SF

      Magnolia Flex Space with Metal Building

      Flex space on 1.38 acres with metal building for sale.
      24433 Fm 1488 Rd, Magnolia, TX 77355
      View Details

    FAQs

    What type of property is this?
    Land - Eight-acre property with two prepared building pads and updated electrics.
    Where is this land located?
    The property is located at 26156 Red Oak Dr Magnolia, TX.
    What is the asking price?
    The asking price for this property is $478,500.
    What are key features of this property?
    This property features: - Unrestricted 8-acre property offering diverse development potential.; - Two pre-existing, massive dirt pads (100' x 150' and 100' x 175' approx.) ready for construction.; - Over $100,000 invested in new dirt and soil preparation.
    (281) 938-8533
    Request Owner's contact information
    26156 Red Oak Dr Magnolia, TX 77355
    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.
    26156 Red Oak Dr
    Magnolia, TX 77355
    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
    26156 Red Oak Dr Magnolia, TX 77355
    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
    Becky Bible
    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!