Multi-Tenant Restaurant
For Sale
Contact for pricing
32907 Tamina Road, Magnolia, TX 77354
Commercially zoned asset with four buildings and full occupancy.
Property Size7,586 SF
Price / SF$210.91
Days on Market177
Property Features for 32907 Tamina Road
General Information
Standard status
Active
Size
7,586 SF
Class
B
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$144,138
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
RE/MAX The Woodlands & Spring
Listed By:
Jeff Morris · License #TX 0482782
(832) 814-7604
Source:
Crexi
Added: Apr 22
Changed: Oct 11
Last Checked: Oct 14 at 11:09PM
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 RE/MAX The Woodlands & Spring
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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 multi-tenant restaurant property comprises four buildings and measures 7,586 in stated property size. The asset is 100% leased and carries Commercial zoning, supporting its established restaurant-focused configuration.
The property is positioned near The Woodlands in a high-growth corridor. More than 100,000 residents live within a 5-mile radius, with household incomes exceeding $130,000 and projected population growth surpassing 20%.
The property is positioned near The Woodlands in a high-growth corridor. More than 100,000 residents live within a 5-mile radius, with household incomes exceeding $130,000 and projected population growth surpassing 20%.
Key Highlights
- 100% leased restaurant property
- Four‑building multi‑tenant configuration
- 7,586 stated property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,057
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,140
$2.7M
Cap Rate 7%
$1,915,100
$1.9M
Cap Rate 9%
$1,489,522
$1.5M
Market Conditions
NOI Build-Up for 7,586 SF
Gross rent
$189.3K $24.96/SF
− Vacancy
−$10.6K −$1.40/SF
EGI
$178.7K $23.56/SF
− OpEx
−$44.7K −$5.89/SF
NOI
$134.1K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,140
Cap Rate 7%
$1,915,100
Cap Rate 9%
$1,489,522
Alternative Uses
Best Use
Specialty Retail
$1.92M
$1.68M – $2.23M
NOI $134,057 @ 7.0% cap · market cap 8.38%
Second Best
Retail
$1.47M
$1.29M – $1.71M
NOI $102,863 @ 7.0% cap · market cap 6.43%
Theoretical Best
—
—
same as Best Use
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
483
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Shops & Services 39%
H-E-B
Groceries
52,680 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
14,922 visits/mo
0.2 miles
Sunoco
Shops & Services
11,244 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,406 visits/mo
0.1 miles
Express Oil Change
Shops & Services
1,378 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?
Conventional restaurant - Commercially zoned asset with four buildings and full occupancy.
Where is this conventional restaurant located?
The property is located at 32907 Tamina Road Magnolia, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 100% leased restaurant property; Four‑building multi‑tenant configuration; 7,586 stated property size
