Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    26232 Fm 2978 Rd Magnolia, TX 77354

    Sponsored
    For Lease
    $8 SF/Yr

    Modern suites, ideal for various businesses.

    Lot size:
    37,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional Magnolia, Texas industrial property offers three modern office warehouse suites, totaling 37,493 square feet. Located on FM 2978, a high-traffic road connecting The Woodlands and Tomball, this property boasts excellent visibility and accessibility. Individual suites range from 725 to 3,360 contiguous square feet, making it suitable for a variety of businesses. Built in 2014, the property features 22-foot high ceilings, 220V power, and 18-foot roll-up doors. Each suite includes a private restroom, and the property offers ample free illuminated pylon sign space for enhanced visibility. Additional amenities include a fully fenced and gated area with 24-hour access. The property's strategic location provides easy access to a large workforce and consumer base, with a daily traffic count of 20,000 vehicles on FM 2978. The property is ideal for businesses requiring office, warehouse, storage, or light manufacturing and production space. This is a rare opportunity to secure modern, well-located industrial space in a thriving area of Montgomery County. The property is comprised of three buildings and is situated in a high-income area with over 100,000 households nearby.

    Property Features for 26232 Fm 2978 Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,493 SF
    Total Rate
    25245.29

    Building Details

    Year Built
    2014
    Buildings
    3

    Unit(s) available at that property

    Space
    Suite B12
    Size
    1,680 SF
    Rate per SF
    $10
    Space
    Suite B10
    Size
    3,360 SF
    Rate per SF
    $8
    Space
    Suite B1
    Size
    1,680 SF
    Rate per SF
    $9
    Space
    Suite A2
    Size
    1,680 SF
    Rate per SF
    $11
    Space
    Suite A7
    Size
    1,200 SF
    Rate per SF
    $13

    HighLights

    • Three modern office warehouse suites totaling 37,493 square feet.
    • Excellent visibility and accessibility on high‑traffic FM 2978, connecting The Woodlands and Tomball.
    • Suite sizes range from 725 to 3,360 contiguous square feet.
    • 2014 construction featuring 22‑foot ceilings, 220V power, and 18‑foot roll‑up doors.
    • Amenities include private restrooms per suite, ample pylon sign space, fenced/gated area with 24‑hour access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pedego The Woodlands Service Electric Bicycle Store GDC Group LLC Wholesale Market Bend Construction LLC Contractor Black Cat Vinyl ... Vinyl Sign Shop Mod Office Warehouse Business Park

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5963993
    Latitude
    30.1404184

    Nearby Similar for Lease

    • $450 /Mo
      2,956 SF

      Magnolia Office Space For Rent

      Office spaces available for rent in Magnolia, Texas.
      18010 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      9,000 SF

      Freestanding Building Near SH-249

      9,000 SF building on 0.65 acres with SH-249 access.
      25232 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $21 SF/Yr
      2,496 SF

      Versatile Flex Space Near FM 1488

      Adaptable 2,496 SF flex space with high visibility.
      402 Honea Egypt Rd, Magnolia, TX 77354
      View Details
    • $16 SF/Yr
      49,076 SF

      Magnolia Business Park Spaces For Lease

      Modern Offices & Warehouses in Texas
      8259 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      5,365 SF

      Magnolia Office/Retail Space For Rent

      Prime Magnolia office or retail space with high visibility.
      6110 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $38 SF/Yr
      24,000 SF

      Magnolia Crossing: Retail Space Available

      Prime Magnolia, TX Shopping Center - 24,000 SF
      1488 And Ml Crk Rd, Magnolia, TX 77354
      View Details
    • $18 SF/Yr
      3,600 SF

      Versatile Shell Space For Lease

      New 3,600 SF shell space suitable for various businesses.
      32611 Tamina Rd, Magnolia, TX 77354
      View Details
    • $5 SF/Yr
      3,320 SF

      Magnolia Medical Office Suites

      Texas Medical Office Space Available
      827 Magnolia Blvd, Magnolia, TX 77355
      View Details
    • $14 SF/Yr
      30,000 SF

      Magnolia Flex Space for Lease

      Three modern flex buildings, 8,000 SF available
      5523 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $15 SF/Yr
      125,500 SF

      Magnolia Industrial Warehouse Space

      Modern warehouse suites, 1,500-12,000 SF
      30130 Dobbin-Huffsmith Rd, Magnolia, TX 77354
      View Details
    • $38 SF/Yr
      5,276 SF

      Medical Building in Woodlands Submarket

      Medical building with available spaces in a high-traffic location.
      10110 Research Forest Dr, Magnolia, TX 77354
      View Details
    • Contact for pricing
      35,000 SF

      Magnolia Crossing Retail Pads

      Prime Magnolia, TX Retail Space Available
      FM-1488 & Country Frst Dr, Magnolia, TX 77354
      View Details

    FAQs

    What type of property is this?
    Distribution property - Modern suites, ideal for various businesses.
    Where is this distribution property located?
    The property is located at 26232 Fm 2978 Rd Magnolia, TX.
    What is the lease rate?
    The lease rate is $8-$13 SF/Yr.
    What are key features of this property?
    This property features: Three modern office warehouse suites totaling 37,493 square feet.; Excellent visibility and accessibility on high-traffic FM 2978, connecting The Woodlands and Tomball.; Suite sizes range from 725 to 3,360 contiguous square feet.
    Request Owner's contact information
    26232 Fm 2978 Rd Magnolia, TX 77354
    Message sent successfully
    Error
    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.
    26232 Fm 2978 Rd
    Magnolia, TX 77354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    26232 Fm 2978 Rd Magnolia, TX 77354
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.