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    Fm 1488 @ Mnr Dr Magnolia, TX 77354

    For Sale
    $2,091,309

    High-traffic retail land, unrestricted.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.69-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Decker Prairie area of Magnolia, Texas. Boasting ±289.6 feet of frontage on the heavily trafficked FM 1488 and ±300 feet of frontage on Manor Drive, this unrestricted property offers unparalleled visibility and accessibility. Its strategic location places it in close proximity to the thriving Mostyn Manor Development, ensuring high consumer traffic and significant future growth potential. The property's convenient access to major transportation arteries, including Interstate 45 and Highway 149 (approximately 2 miles away), further enhances its appeal to a wide range of commercial ventures. The land is priced competitively at $13 per square foot, representing an attractive return on investment given its prime location and development potential. The property is not located within a flood plain, providing additional peace of mind for potential buyers. This is an ideal site for retail development, offering a unique blend of high visibility, convenient access, and significant growth potential in a desirable Texas market. The asking price for this exceptional property is $2,091,309.

    Property Features for 0 Fm 1488 @ Mnr Dr

    General Information

    Property type
    Land
    Lot Size
    160,736 SF

    HighLights

    • $2,091,309 asking price for 3.69 acres of commercial land.
    • Retail property with ±289.6 ft of FM 1488 frontage and ±300 ft of Manor Drive frontage.
    • Unrestricted land.
    • Located near the Mostyn Manor Development, minutes from I‑45, and approximately 2 miles from Hwy 149.
    • Land value: $13/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.6613631
    Latitude
    30.2224519

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, unrestricted.
    Where is this land located?
    The property is located at Fm 1488 @ Mnr Dr Magnolia, TX.
    What is the asking price?
    The asking price for this property is $2,091,309.
    What are key features of this property?
    This property features: $2,091,309 asking price for 3.69 acres of commercial land.; Retail property with ±289.6 ft of FM 1488 frontage and ±300 ft of Manor Drive frontage.; Unrestricted land.
    Request Owner's contact information
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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
    Fm 1488 @ Mnr Dr Magnolia, TX 77354
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