26250b Riley Road, Waller, TX 77484

Building Details

Year Built 2013 More

Listing Agency: WENDY CLINE PROPERTIES GROUP Show Phone

Listed By: WENDY CLINE · License TX #0561297 Show Phone

Source: Corcoran

Added: Dec 12, 2025 Changed: Aug 8 Last Checked: Nov 8 at 3:51AM

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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 WENDY CLINE PROPERTIES GROUP

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Investment Insights

Based on property information with market context.

Magnolia Manor Retreat features a 7,217-square-foot lodge situated on approximately 12 acres, designed for wellness, recovery, ministry, or corporate programming. The main level includes large gathering spaces, a full kitchen, a secondary kitchen, a dining hall, an ADA-accessible bathroom, and a private elevator. The upper level houses six oversized bedrooms suitable for group lodging. A 1,600-square-foot multi-purpose room and a dedicated laundry area with dual washer/dryer sets are available to support high-capacity use. A connected two-bedroom apartment includes a full kitchen, living area, and three bathrooms. Additionally, there is a separate 720-square-foot cabin with a full kitchen, one bedroom, one bathroom, and covered porches. The insulated 2,200-square-foot barn contains a workshop, 1,000 square feet of climate-controlled rooms, 110/220 power, and an additional one-bedroom, one-bathroom apartment. Infrastructure includes a 45 kW generator, propane, city water, an irrigation well, septic system, zoned HVAC, and a fire suppression system. The property is turnkey with furniture, fixtures, and equipment. Additional acreage is available, up to 67 acres.

Key Highlights

• ±7,217 sq ft lodge designed for wellness, recovery, ministry, or corporate programming
• Includes a connected two‑bedroom apartment and a separate ±720 sq ft cabin with full amenities
• ±2,200 sq ft barn with workshop, climate‑controlled rooms, and apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,469

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,269,380 $2.3M

Cap Rate 7%

$1,620,986 $1.6M

Cap Rate 9%

$1,260,767 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,217 SF

Gross rent

$221.7K $30.72/SF

− Vacancy

−$32.6K −$4.52/SF

EGI

$189.1K $26.20/SF

− OpEx

−$75.6K −$10.48/SF

NOI

$113.5K $15.72/SF

Area

Harris County, TX

Vacancy

14.70%

Lease Rate

$30.72 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,269,380

Cap Rate 7%

$1,620,986

Cap Rate 9%

$1,260,767

Alternative Uses

Best Use

Healthcare Medical

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,469 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,943 @ 7.0% cap · market cap 5.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rehabilitation centers

Suggested Use

Top Pick HVAC Service Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 77484, TX

13,449

Population

5,180

Households

2.6

Avg Household Size

39

Median Age

25%

College-Educated

84%

High-School Grad

151.0 sq mi

ZIP Area

89

Density / Sq Mi

$71,446

Median Household Income

$35,091

Median Earnings

$1,075

Median Rent

$243,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Rehabilitation center - Purpose-built lodge for wellness, recovery, or corporate programming.

Where is this rehabilitation center located?

The property is located at 26250b Riley Road Waller, TX.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: ±7,217 sq ft lodge designed for wellness, recovery, ministry, or corporate programming; Includes a connected two‑bedroom apartment and a separate ±720 sq ft cabin with full amenities; ±2,200 sq ft barn with workshop, climate‑controlled rooms, and apartment