Climate-Controlled Garage
5432 FM 1488 Rd Magnolia, TX 77354
5432 FM 1488 Rd, Magnolia, TX, 77354
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For Sale
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Contiguous double-unit, climate-controlled garage gallery offered within the Garages of America private community.
Property Size2,660 SF
Price / SF$291.35
Days on Market15
Property Features for 5432 FM 1488 Rd
General Information
- Standard status
- Active
- Size
- 2,660 SF
- Property subtype
- Industrial, Special Purpose
Building Details
- Year Built
- 2023
Listing agency
Bracket Real Estate
Listed by
Brandon Colombo · License #738514
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 12:29AM Checked: Jul 21 at 10:31AM
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 Bracket Real Estate
Investment Insights
Based on property information with market context.
This offering is presented as a contiguous double-unit suite within the Garages of America private community. The space is described as a high-end, climate-controlled gallery built for automotive enthusiasts, with the garage-suite configuration designed to function as a single contiguous area.
The property is located at 5432 FM 1488 Rd in Magnolia, Texas, on the FM 1488 corridor. The remarks cite proximity to The Woodlands and major Texas thoroughfares.
As presented, the suite combines two units into one contiguous space within a controlled-environment garage gallery setting, offering an integrated option for buyers seeking a climate-controlled automotive-focused facility in the Garages of America community.
The property is located at 5432 FM 1488 Rd in Magnolia, Texas, on the FM 1488 corridor. The remarks cite proximity to The Woodlands and major Texas thoroughfares.
As presented, the suite combines two units into one contiguous space within a controlled-environment garage gallery setting, offering an integrated option for buyers seeking a climate-controlled automotive-focused facility in the Garages of America community.
Key Highlights
- Contiguous double‑unit suite within the Garages of America private community
- Year built 2023
- Climate‑controlled garage gallery designed for automotive storage/display
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.6k | $20.52 |
| − Vacancy | −$3.1k | −$1.15 |
| EGI | $51.5k | $19.37 |
| − OpEx | −$15.5k | −$5.81 |
| NOI | $36.1k | $13.56 |
2,660 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$515.3K
$450.9K – $601.2K
NOI $36,069 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$671.5K
$587.6K – $783.5K
NOI $47,007 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Garages of America
Storage Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Penske Truck Rental — 6119 FM 1488, Magnolia, TX 77354
- Enterprise Rent-A-Car — 6011 FM Highway 1488 Ste H, Magnolia, TX 77354
- U-Haul Neighborhood Dealer — 6010 FM 1488, Magnolia, TX 77354
- Tool & Truck Rental Center at The Home Depot — 6119 FM 1488, Magnolia, TX 77354
FAQs
What type of property is this?
Parking lot & garage - Contiguous double-unit, climate-controlled garage gallery offered within the Garages of America private community.
Where is this parking lot & garage located?
The property is located at 5432 FM 1488 Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Contiguous double‑unit suite within the Garages of America private community; Year built 2023; Climate‑controlled garage gallery designed for automotive storage/display
