This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Magnolia, Texas. Strategically located on FM 2978, this property boasts approximately 195 feet of frontage, enhanced by a signalized intersection with Greenmore Drive. The site benefits from its proximity to a thriving retail hub, including a major shopping center with over 300,000 square feet of retail space, anchored by national brands such as Target, TJ Maxx, Ross, and others. Nearby established businesses include Chili's, Starbucks, Taco Bell, Chick-fil-A, and Freddy's, demonstrating strong consumer traffic and demand. Further enhancing its appeal, the property is situated near a new luxury residential community, Northgrove at Spring Creek, developed by Toll Brothers, which is expected to add 850 homes upon completion. This influx of new residents will significantly increase the local population and consumer base. The recent expansion of FM 2978 to five lanes improves accessibility and visibility. The property's location within the Woodlands submarket, directly across from The Woodlands May Valley Subdivision entrance, places it in a high-growth area, currently ranked among the nation's top-selling master-planned communities. The site also features limited restrictions, offering flexibility for development. With its prime location, strong surrounding infrastructure, and high growth potential, this property represents an excellent opportunity for commercial development. The asking price is $985,000. The property is located in Montgomery County, Texas, zip code 77354.
Property Features for 28925 Fm 2978 Rd
General Information
Property type
Land
Lot Size
37,897 SF
HighLights
High‑traffic commercial area on FM 2978, anchored by Walmart, Chase, and Whataburger, at the Woodlands Parkway intersection.
Proximity to Westwood Shopping Center (300,000+ SF), featuring Target, TJ Maxx, Ross, and numerous restaurants.
195 feet of frontage on FM 2978 with a signalized intersection at Greenmore Drive.
Adjacent to the new Northgrove at Spring Creek luxury residential community (850 homes planned).
FM 2978 recently expanded to five lanes.
Across from The Woodlands May Valley subdivision entrance, in the nation's #4 best‑selling master‑planned community.
The property is located at 28925 Fm 2978 Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: High-traffic commercial area on FM 2978, anchored by Walmart, Chase, and Whataburger, at the Woodlands Parkway intersection.; Proximity to Westwood Shopping Center (300,000+ SF), featuring Target, TJ Maxx, Ross, and numerous restaurants.; 195 feet of frontage on FM 2978 with a signalized intersection at Greenmore Drive.
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
28925 Fm 2978 Rd Magnolia, TX 77354
Message sent successfully
Error
Email to Your Friends
Message sent successfully
Error
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
28925 Fm 2978 Rd Magnolia, TX 77354
More about this listing
28925 Fm 2978 Rd, Magnolia, TX
Jeff Beard
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request price
28925 Fm 2978 Rd, Magnolia, TX
Jeff Beard
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Property Records & Analytics
28925 Fm 2978 Rd, Magnolia, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request Owner's contact information
28925 Fm 2978 Rd, Magnolia, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Current Estimation by Request
28925 Fm 2978 Rd, Magnolia, TX
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Send Message
to 28925 Fm 2978 Rd Magnolia, TX 77354
28925 Fm 2978 Rd, Magnolia, TX
Jeff Beard
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.