Flex Space With Metal
For Sale
$799,000
26205 Fm 2978 Road, Magnolia, TX 77354
Unrestricted acreage includes a metal building suited to office or small manufacturing operations.
Property Size3,000 SF
Lot Size3.88 Acres
Price / SF$266.33
Days on Market166
Property Features for 26205 Fm 2978 Road
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.88 Acres
Property subtype
Lots
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,764
Building Details
Buildings
1
Building Size
3,000 SF
Construction
metal building
Listing Agency:
HomeSmart
(713) 289-0499
Listed By:
Tim O'Neill · License #0412014
(713) 289-0499
Source:
Nancyalmodovar
Added: Feb 18
Changed: Aug 2
Last Checked: Aug 3 at 10:46AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This unrestricted flex property spans 3.88 acres and includes an approximately 3,000-square-foot metal building. The improvements are described as suitable for office or small manufacturing use, with the site also offering potential for a construction office, truck parking, or additional office space. The property is located at 26205 FM 2978 Road, about 3.9 miles south of Woodlands Parkway, with access to FM 1488, the Grand Parkway, and Creekside. The site has 328 feet of frontage along FM 2978. The property lies within a 100-year flood plain, a condition that should be evaluated as part of site planning and due diligence.
Key Highlights
- 3.88‑acre unrestricted flex property
- Approximately 3,000‑square‑foot metal building
- 328 feet of frontage on FM 2978
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.1k | $20.04 |
| − Vacancy | −$13.2k | −$4.41 |
| EGI | $46.9k | $15.63 |
| − OpEx | −$11.7k | −$3.91 |
| NOI | $35.2k | $11.72 |
3,000 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$502.4K
$439.6K – $586.2K
NOI $35,170 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$218.1K
$190.9K – $254.5K
NOI $15,269 @ 7.0% cap · market cap 1.91%
Theoretical Best
Specialty Retail
$757.4K
$662.7K – $883.6K
NOI $53,015 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77354, TX
40,625
Population
15,747
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
74.2 sq mi
ZIP Area
548
Density / Sq Mi
$112,093
Median Household Income
$58,832
Median Earnings
$1,850
Median Rent
$379,700
Median Home Value
Market
Properties on Market for Flex space in Montgomery County
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Unrestricted acreage includes a metal building suited to office or small manufacturing operations.
Where is this flex space located?
The property is located at 26205 Fm 2978 Road Magnolia, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3.88‑acre unrestricted flex property; Approximately 3,000‑square‑foot metal building; 328 feet of frontage on FM 2978
