Modern Freestanding
For Sale
$875,000
32615 Tamina Rd, Magnolia, TX 77354
A 2024-built single-unit property combines retail, office, and warehouse functionality.
Property Size4,000 SF
Price / SF$218.75
Days on Market67
Property Features for 32615 Tamina Rd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Office, Warehouse
Building Details
Building Size
4,000 SF
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
eXp Realty, LLC
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #TX #0642075
Source:
Thecommercialprofessionals
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 7:02PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 4,000-square-foot storefront property at 32615 Tamina Rd is a modern, freestanding building completed in 2024. The improvement is configured as a single contemporary unit with retail, office, and warehouse space, supporting a range of commercial operating formats within one building.
The property is near The Woodlands, Magnolia, Conroe, and Tomball. Surrounding context includes local restaurants, established businesses, and busy cross streets, providing a commercial setting for a storefront-oriented operation. Its freestanding design and combined retail, office, and warehouse layout offer a straightforward configuration for an owner-user or business seeking a dedicated commercial property.
The property is near The Woodlands, Magnolia, Conroe, and Tomball. Surrounding context includes local restaurants, established businesses, and busy cross streets, providing a commercial setting for a storefront-oriented operation. Its freestanding design and combined retail, office, and warehouse layout offer a straightforward configuration for an owner-user or business seeking a dedicated commercial property.
Key Highlights
- 4,000 square feet of retail, office, and warehouse space
- Completed construction in 2024
- Single contemporary unit in a freestanding 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
$54,238
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
6.20%
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%
$1,084,760
$1.1M
Cap Rate 7%
$774,829
$774.8K
Cap Rate 9%
$602,644
$602.6K
Market Conditions
NOI Build-Up for 4,000 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
$82.1K $20.52/SF
− Vacancy
−$4.6K −$1.15/SF
EGI
$77.5K $19.37/SF
− OpEx
−$23.2K −$5.81/SF
NOI
$54.2K $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 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%
$1,084,760
Cap Rate 7%
$774,829
Cap Rate 9%
$602,644
Alternative Uses
Best Use
Retail
$774.8K
$678.0K – $904.0K
NOI $54,238 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$883.6K – $1.18M
NOI $70,687 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Balanced
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Twigs And Blooms Florist — 32403 Tamina Rd, Magnolia, TX 77354
- Anisa — 31911 fm2978, magnolia, tx 77354
Frequently Asked Questions
What type of property is this?
Storefront property - A 2024-built single-unit property combines retail, office, and warehouse functionality.
Where is this storefront property located?
The property is located at 32615 Tamina Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,000 square feet of retail, office, and warehouse space; Completed construction in 2024; Single contemporary unit in a freestanding building
