Mixed-Use Property with
For Sale
Contact for pricing
29607 Highland Blvd, Magnolia, TX 77354
Live-work layout pairs a residence with a separate metal building and expansive yard.
Property Size3,500 SF
Lot Size1.02 Acres
Price / SF$130.31
Days on Market47
Property Features for 29607 Highland Blvd
General Information
Standard status
Active
Size
3,500 SF
Lot size
1.02 Acres
Property subtype
Mixed Use
Investment Type
Owner/User
Additional Details
Outdoor Storage
Yes
Warehouse Space
3,500 SF
Building Details
Buildings
2
Building Size
3,500 SF
Construction
metal
Listing Agency:
THE CORP TEAM
(936) 900-6564
Listed By:
Kyle Heffron · License #0738496
Source:
Crexi
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 5:45PM
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 THE CORP TEAM
Investment Insights
Based on property information with market context.
This mixed-use property combines an approximately 1,680 square foot residence with a +/- 3,500 square foot metal building on approximately 1.018 acres. The separate structures create a live-work configuration with dedicated space for commercial-style operations, storage, or personal projects.
The property includes two separate legal descriptions and an expansive yard with room for equipment, trailers, work vehicles, RVs, and boats. Its location is 29607 Highland Blvd in Magnolia, Texas, within Montgomery County.
The property includes two separate legal descriptions and an expansive yard with room for equipment, trailers, work vehicles, RVs, and boats. Its location is 29607 Highland Blvd in Magnolia, Texas, within Montgomery County.
Key Highlights
- Approximately 1.018 acres across two separate legal descriptions
- Approximately 1,680 square foot residence
- +/- 3,500 square foot metal building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,214,540
$1.2M
Cap Rate 7%
$867,529
$867.5K
Cap Rate 9%
$674,744
$674.7K
Market Conditions
NOI Build-Up for 5,180 SF
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.
Gross rent
$103.8K $20.04/SF
− Vacancy
−$22.8K −$4.41/SF
EGI
$81.0K $15.63/SF
− OpEx
−$20.2K −$3.91/SF
NOI
$60.7K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,214,540
Cap Rate 7%
$867,529
Cap Rate 9%
$674,744
Alternative Uses
Best Use
Office B
$867.5K
$759.1K – $1.01M
NOI $60,727 @ 7.0% cap · market cap 9.00%
Second Best
Mixed Use
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 7.94%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.53M
NOI $91,539 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Live-work layout pairs a residence with a separate metal building and expansive yard.
Where is this mixed-use property located?
The property is located at 29607 Highland Blvd Magnolia, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 1.018 acres across two separate legal descriptions; Approximately 1,680 square foot residence; +/- 3,500 square foot metal building
