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    30045 Fm 2978 Rd Magnolia, TX 77354

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    9.18 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.18-acre commercial development site in Magnolia, Texas, presents a remarkable investment opportunity. Located at 30045 FM 2978 Rd, 77354, this property is ideally situated in the thriving Woodlands submarket, currently ranked the #4 best-selling master-planned community nationally. The site's strategic location offers unparalleled access to high-traffic areas, boasting proximity to major retailers such as Walmart, Chase, Whataburger, and a significant concentration of retail establishments at the nearby Westwood Shopping Center (over 300,000 square feet, including Target, TJ Maxx, Ross, and more). The area also benefits from a new luxury residential community developed by Toll Brothers, enhancing the demographic appeal. Further enhancing its value, the property is undergoing a significant infrastructure improvement with the expansion of FM 2978 Road to five lanes. Utility services are readily available through Aqua Texas. This versatile land parcel is zoned for mixed-use development, accommodating retail, office, medical, or other commercial ventures. With its prime location, strong surrounding infrastructure, and high growth potential, this property represents a compelling investment for discerning developers seeking a foothold in a rapidly expanding market. The site is 494 feet of frontage on FM 2978. This is a rare opportunity to acquire a large parcel in a high-demand area.

    Property Features for 30045 Fm 2978 Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    399,881 SF

    HighLights

    • 9.18‑acre commercial development site in Magnolia, TX (77354), located at 30045 FM 2978 Rd.
    • Strong retail synergy with nearby Walmart, Chase, Whataburger, and Westwood Shopping Center (over 300,000 SF, including Target, TJ Maxx, and Ross).
    • Adjacent to a new Toll Brothers luxury residential community.
    • FM 2978 Road expansion to five lanes currently underway.
    • Utility services available through Aqua Texas.
    • Located in the Woodlands submarket, ranked #4 nationally among best‑selling master‑planned communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bradbury Brothers Cooling, ... Water Softening Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5954491
    Latitude
    30.1886515

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    FAQs

    What type of property is this?
    Lifestyle center - 9.18 Acres, Prime Development Site
    Where is this lifestyle center located?
    The property is located at 30045 Fm 2978 Rd Magnolia, TX.
    What are key features of this property?
    This property features: 9.18-acre commercial development site in Magnolia, TX (77354), located at 30045 FM 2978 Rd.; Strong retail synergy with nearby Walmart, Chase, Whataburger, and Westwood Shopping Center (over 300,000 SF, including Target, TJ Maxx, and Ross).; Adjacent to a new Toll Brothers luxury residential community.
    Request Owner's contact information
    30045 Fm 2978 Rd Magnolia, TX 77354
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    Magnolia, TX 77354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    30045 Fm 2978 Rd Magnolia, TX 77354
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