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    26232 FM2978 Magnolia, TX 77354

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    For Lease
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    Office, warehouse, storage, light manufacturing spaces for rent.

    Type:Industrial
    Property size:
    3,360 SF
    Added:
    May 15, 2022
    Days on Market:
    1438
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 26232 FM2978

    General Information

    Standard status
    Active
    Size
    3,360 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2014

    Spaces For Lease

    at 26232 FM2978 Contact us

    Suite B9 $11 /Mo

    Size
    1,680 SF
    Type
    Industrial
    New Office Warehouse with Private RestroomnFully Air Conditioned Warehouse Spacen14...
    show more
    Contact us

    Suite B6-7 $6 /Mo

    Size
    3,255 SF
    Type
    Industrial
    3255 SF Office Warehouse with 3 private offices/restroomn14 ft high roll up bay doorsn23...
    show more
    Contact us

    Suite B1-2 $4 /Mo

    Size
    3,360 SF
    Type
    Industrial
    3360 SF Office Warehouse Suitenn- 2 Private Offices and Restroom- combined units!n-two...
    show more
    Contact us

    Suite A7 $13 /Mo

    Size
    1,200 SF
    Type
    Industrial
    OFFICE WAREHOUSE SPECIALS!n1200 SF Office Warehouse Available Now: 26232 FM 2978-...
    show more
    Contact us

    Suite B10 $11 /Mo

    Size
    1,680 SF
    Type
    Industrial
    New Office Warehouse with Private RestroomnFully Air Conditioned Warehouse Spacen14...
    show more
    Contact us

    Suite B4-5 $3 /Mo

    Size
    3,360 SF
    Type
    Industrial
    Industrial Inside Storage with 2 Bay Doors, Shell Space
    Contact us

    Suite C3 $14 /Mo

    Size
    725 SF
    Type
    Industrial
    Newly painted OfficenNew Polished Concrete FloornWell insulated WarehousenPrivate...
    show more
    Contact us

    Suite B11 $11 /Mo

    Size
    1,680 SF
    Type
    Industrial
    Climate Controlled warehousenWarehouse has polished concrete floors — dust-free,...
    show more
    Contact us

    Suite B3 $9 /Mo

    Size
    1,680 SF
    Type
    Industrial
    Office with Private Restroom, Warehouse with 22 ft clear height and 11 x 14 Ft Roll...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Marc Lawrence

    Listing agent Marc Lawrence License #FLBO

    Listing office Marc Lawrence

    Listing date May 15, 2022

    Source Crexi

    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 Marc Lawrence

    Overview

    Office Warehouse Suites For Rent

    Office warehouse suites are available for rent, suitable for businesses needing office, warehouse, storage, or light manufacturing and production space. The property is located on FM 2978, which has a traffic count of 20,000. Available spaces include 725 SF, 1200 SF, 1680 SF, and 3360 SF options. The new office warehouse includes a private restroom and is suitable as showroom space facing FM2978 Rd. The warehouse spaces are climate conditioned and feature polished concrete floors. The property is fully fenced and gated, offering 24-hour access. Additional features include 14 Ft roll-up doors and a 22-foot high ceiling clearance. Free illuminated pylon sign space is available on FM 2978.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pedego The Woodlands Service (Bike/Boat/Book/etc) Store GDC Group LLC Big Box & Wholesale Store Bend Construction LLC General Contractor Black Cat Vinyl ... (Bike/Boat/Book/etc) Store Mod Office Warehouse Business Park

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.597927
    Latitude
    30.139181

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      Retail Space in Magnolia, Texas

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      New Construction Warehouse Space Available

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      Restaurant Space with Covered Patio

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      View Details

    FAQs

    What type of property is this?
    Flex space - Office, warehouse, storage, light manufacturing spaces for rent.
    Where is this flex space located?
    The property is located at 26232 FM2978 Magnolia, TX.
    What are key features of this property?
    This property features: Located on FM 2978 with high traffic count (20,000 vehicles/day) and high household income area.; Variety of suite sizes available: 725 SF, 1200 SF, 1680 SF, and 3360 SF.; New office warehouse spaces with private restrooms.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marc Lawrence
    Real Estate License ID: FLBO
    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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