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$125.46
Days on Market92
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
Listed By:
Kyle Heffron · License #0738496
(936) 900-6564
Source:
Crexi
Added: Jul 15
Changed: Oct 11
Last Checked: Oct 12 at 7:38PM
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 / Yr
$53,613
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,260
$1.1M
Cap Rate 7%
$765,900
$765.9K
Cap Rate 9%
$595,700
$595.7K
Market Conditions
NOI Build-Up for 5,180 SF
Gross rent
$93.2K $18.00/SF
− Vacancy
−$7.5K −$1.44/SF
EGI
$85.8K $16.56/SF
− OpEx
−$32.2K −$6.21/SF
NOI
$53.6K $10.35/SF
Area
Montgomery County, TX
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,260
Cap Rate 7%
$765,900
Cap Rate 9%
$595,700
Alternative Uses
Best Use
Office B
$867.5K
$759.1K – $1.01M
NOI $60,727 @ 7.0% cap · market cap 9.34%
Second Best
Mixed Use
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.53M
NOI $91,539 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 $649,900.
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
