Hardin Store Retail
For Sale
Contact for pricing
28910 Hardin Store Rd, Magnolia, TX 77354
Two-property retail offering with additional land for future office or retail development.
Property Size23,200 SF
Price / SF$322.84
Days on Market60
Property Features for 28910 Hardin Store Rd
General Information
Standard status
Active
Size
23,200 SF
Property subtype
Retail
Building Details
Buildings
2
Listing Agency:
First Millennium Realty
Listed By:
Charles Lee · License #TX
(281) 465-9466
Source:
Crexi
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 16 at 8:04AM
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 First Millennium Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two properties totaling 23,200 square feet in Magnolia, Texas. The retail asset is accompanied by additional land identified for construction of up to 20,000 square feet of office or retail space.
The properties are located at 28910 Hardin Store Rd, providing a combined opportunity for an existing retail use and additional office or retail development on the same offering.
The properties are located at 28910 Hardin Store Rd, providing a combined opportunity for an existing retail use and additional office or retail development on the same offering.
Key Highlights
- Two properties included in the offering
- 23,200 square feet across the properties
- Additional land for future development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,583
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,291,660
$6.3M
Cap Rate 7%
$4,494,043
$4.5M
Cap Rate 9%
$3,495,367
$3.5M
Market Conditions
NOI Build-Up for 23,200 SF
Gross rent
$476.1K $20.52/SF
− Vacancy
−$26.7K −$1.15/SF
EGI
$449.4K $19.37/SF
− OpEx
−$134.8K −$5.81/SF
NOI
$314.6K $13.56/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,291,660
Cap Rate 7%
$4,494,043
Cap Rate 9%
$3,495,367
Alternative Uses
Best Use
Retail
$4.49M
$3.93M – $5.24M
NOI $314,583 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.86M
$5.12M – $6.83M
NOI $409,983 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
697
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Storage King USA
Shops & Services
697 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two-property retail offering with additional land for future office or retail development.
Where is this retail space located?
The property is located at 28910 Hardin Store Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $7,490,000.
What are key features of this property?
This property features: Two properties included in the offering; 23,200 square feet across the properties; Additional land for future development
