Climate-Controlled Garage
For Sale
Contact for pricing
5432 FM 1488 MAGNOLIA TX 77354, Magnolia, TX 77354
Contiguous double-unit, climate-controlled garage gallery offered within the Garages of America private community.
Property Size2,660 SF
Price / SF$187.97
Days on Market37
Property Features for 5432 FM 1488 MAGNOLIA TX 77354
General Information
Standard status
Active
Size
2,660 SF
Class
B
Property subtype
Industrial, Special Purpose
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$75,396
Additional Details
Highway Access
Yes
Building Details
Year Built
2023
Stories
2
Tenancy
Single
Listing Agency:
Bracket Real Estate
Listed By:
Brandon Colombo · License #738514
Source:
Crexi
Added: Jul 7
Changed: Aug 10
Last Checked: Aug 11 at 5:06PM
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
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
$36,069
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
7.21%
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%
$721,380
$721.4K
Cap Rate 7%
$515,271
$515.3K
Cap Rate 9%
$400,767
$400.8K
Market Conditions
NOI Build-Up for 2,660 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
$54.6K $20.52/SF
− Vacancy
−$3.1K −$1.15/SF
EGI
$51.5K $19.37/SF
− OpEx
−$15.5K −$5.81/SF
NOI
$36.1K $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%
$721,380
Cap Rate 7%
$515,271
Cap Rate 9%
$400,767
Alternative Uses
Best Use
Retail
$515.3K
$450.9K – $601.2K
NOI $36,069 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$671.5K
$587.6K – $783.5K
NOI $47,007 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
23
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
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Frequently Asked Questions
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 MAGNOLIA TX 77354 Magnolia, TX.
What is the asking price?
The asking price for this property is $500,000.
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
